CAclubindia Articles

Form No 2 of IT Rules 2026: Zero Coupon Bond Approval Application

Ayush 24 March 2026 at 15:45

Form 2 under Rule 7 of the Income-tax Rules, 2025 is mandatory for infrastructure entities and PSUs to apply for Zero-Coupon Bond (ZCB) notification. Learn eligibility, filing process, timelines, key conditions, and tax benefits under Section 2(112) and Section 32(1)(d).

Form No 1 of IT Rules 2026: Stock Exchange Monthly Compliance Statement

Ayush 24 March 2026 at 13:05

Form No. 1 is a mandatory monthly statement for stock exchanges reporting client code modifications under Rule 4 of the Income-tax Rules, 2026, replacing Form 3BB, with updated filing requirements, structure and timelines.

Income Tax Forms 2026 and 1962: Old vs New

Mitali 24 March 2026 at 12:32

The Income-tax Rules, 2026 introduce a comprehensive overhaul of compliance by replacing legacy forms under the 1962 Rules with an expanded and updated set of forms.

No Supply, No GST: Lessons From An Arbitral Award

Raj Jaggi 24 March 2026 at 09:51

GST applies only when there is a "supply," not merely movement of money. This analysis explains why arbitral awards, refunds, and compensatory interest from pre-GST contracts may fall outside GST, highlighting key provisions of the CGST Act and principles of taxability.

New Income Tax Rules 2026 Notified: Every Taxpayer Must Know

CA Umesh Sharma 24 March 2026 at 09:38

Income Tax Rules 2026 explained through Arjuna-Krishna dialogue: key changes, new Tax Year concept, HRA benefits, revised allowances, forms and Digital Rupee impact.

Inventory Valuation: Precautions for Year ending 31st March 2026

CMA Navneet Kr Jain 24 March 2026 at 09:38

A comprehensive analysis of inventory valuation under the Income-tax Act, 2025, covering Section 277, independent valuation under Section 268(5)(ii), ICDS compliance and reporting through Form 101 and Form 26.

12AB and 80G Renewal Not Granted: Legal Remedies Where the Application Is Pending, Rejected or Filed Late

CA Varun Gupta 24 March 2026 at 09:38

Understand what to do if Section 12AB registration or 80G approval is not renewed. Explore remedies for pending, rejected, or delayed applications, condonation options, appeal timelines, and practical steps to safeguard tax exemption and donor benefits.

Senior Citizen Saving Scheme: Benefits and Rules For 2026

Poojitha Raam Vinay 23 March 2026 at 15:34

Senior Citizen Savings Scheme 2026 explained - Check latest interest rate, tax benefits, eligibility, age and investment limits, maturity period, premature closure rules, nomination, and comparison with other savings options.

New PAN Rules Starting From April 2026: Stricter Verification, Updated Forms with Fees and Limits of Financial Activities

Mitali 23 March 2026 at 13:59

Big changes in PAN rules starting from April 2026 - stricter verification, updated forms, annual transaction tracking and key changes explained simply.

FSSAI Mandates Registration For Milk Producers And Vendors

CS Lalit Rajput 23 March 2026 at 10:34

The Food Safety and Standards Authority of India has mandated registration or licensing for independent milk producers and vendors through its March 11, 2026 advisory, aiming to curb adulteration and enhance food safety.