CAclubindia Articles

Notice Under Sections 263 and 377 of the Income Tax Act: Reply, Remedies and Mitigation

CA Varun Gupta 18 April 2026 at 10:15

A comprehensive analysis of Section 263 of the Income-tax Act, 1961 and Section 377 of the Income-tax Act, 2025, explaining revisional powers, jurisdictional tests, limitation, remedies and transition rules for orders prejudicial to the Revenue.

Taxability of Loan Waiver Explained: Interest vs Principal Treatment in Income Tax

Vivek Jalan 18 April 2026 at 10:15

Understand the taxability of loan waiver in India, including interest and principal components. Learn how courts interpret capital vs revenue receipts with key rulings like Mahindra & Mahindra and TV Sundaram Iyengar, and the importance of the purpose test.

From Generalist To Specialist: Why Depth Defines Success in GST Practice

Raj Jaggi 17 April 2026 at 16:52

Explore how professional excellence is evolving from general practice to deep specialisation, highlighting the growing importance of GST expertise, advisory roles and focused learning in today's complex regulatory landscape.

Savings Bank Account Limit As Per New Income Tax Rules 2026

Poojitha Raam Vinay 17 April 2026 at 16:37

Stay compliant with the new Income Tax framework for 2026. Learn how the revised Rs 10 lakh annual cash deposit limit, updated PAN requirements, SFT reporting rules, and TDS provisions impact your savings account transactions, cash handling, and tax filings in India.

How RBI Plans to Stop Digital Fraud in India with New Rule 2026?

Mitali 17 April 2026 at 16:02

RBI's April 9, 2026 discussion paper proposes major UPI safeguards, including a 1-hour lag for high-value P2P transfers, trusted-person authentication, a Rs 25 lakh annual credit cap, and a kill switch, aimed at curbing digital payment fraud.

Strike-Off of a Section 8 Company: Not As Straightforward As It Seems

CS Divesh Goyal 17 April 2026 at 10:31

Closing a Section 8 Company isn’t straightforward. Explore legal routes, compliance steps, and key risks under the Companies Act, 2013 and IBC, 2016 for proper dissolution.

Corporate Laws (Amendment) Bill 2026: CFOs & Directors Face Increased Accountability on Cost Audit

CMA Navneet Kr Jain 17 April 2026 at 10:15

Explore the key amendments to Section 148 under the Corporate Laws (Amendment) Bill 2026, highlighting increased accountability for CFOs, MDs, and WTDs in cost records and audit, introduction of cost accounting standards, and enhanced governance over cost data for better policy decision-making.

DIN Defect in Income Tax Orders after CBDT Circular No. 4/2026: Section 292BA, Retrospective Amendment and Assessee's Grounds of Appeal

CA Varun Gupta 17 April 2026 at 09:10

CBDT Circular 4/2026 revises the DIN framework in income-tax communications, introducing section 292BA with retrospective effect. This article analyses key changes, limitations, and continuing litigation opportunities for taxpayers.

Supreme Court on Section 2(15): Key Rules for GPU Charitable Trusts Explained (2022 Landmark Ruling)

Vivek Jalan 17 April 2026 at 09:08

Supreme Court in Ahmedabad Urban Development Authority (2022) clarifies GPU entities’ tax exemption: limits on commercial activities, 20% receipt cap, cost-based pricing test, and key ITAT rulings shaping Section 2(15) & 11 compliance.

PAN Application Using New Forms as per Income-Tax Rules 2026

Chaitra Seetharam 16 April 2026 at 12:07

The new PAN application system effective April 1, 2026 introduces Forms 93-96, replacing Forms 49A/49AA. Learn applicant categories, key rule changes, documentation requirements, and updated PAN correction forms.