CAclubindia Articles

Deductions Allowed to Salaried Individuals under New Tax Regime For FY 2026-27

Chaitra Seetharam 21 March 2026 at 16:55

Union Budget 2026 keeps the New Tax Regime unchanged for FY 2026-27. Check allowed deductions like Rs 75,000 standard deduction, employer NPS benefits, Section 87A rebate, tax-free threshold up to Rs 12.75 lakh and updated income tax slabs.

Can a Company Hold AGM Now for Past Years and Take Benefit of the CCFSS Scheme?

CS Divesh Goyal 21 March 2026 at 10:28

Under MCA's CCFSS Scheme, companies can now hold delayed AGMs for past years, file pending AOC-4 & MGT-7 with up to 90% fee waiver, but default under Section 96 persists, requiring compounding for penalties under Section 99

Still Paying 30% Tax on Cryptocurrency Trading Without Claiming Loss Benefit? Read This Before Filing Your ITR

CA Varun Gupta 21 March 2026 at 10:28

Are crypto futures and options taxed under Section 115BBH or as speculative business? Understand the tax treatment, key distinctions between VDA transfer and cash-settled contracts, applicable rates, loss rules and ITR reporting implications.

March-End Important To Do List: Save Tax and Skip Notices!

Poojitha Raam Vinay 20 March 2026 at 13:41

Don't miss the March 31, 2026 deadline, complete key tax-saving investments, submit proofs, pay advance tax, and review deductions to reduce liability and avoid penalties for FY 2025-26.

The 8-8-8 Rule: A Timeless Philosophy Of Balance For The GST Professional In An Age Of Excess

Raj Jaggi 20 March 2026 at 10:51

The 8-8-8 rule offers a timeless blueprint for balanced living: 8 hours of focused work, 8 hours of restorative sleep, and 8 hours for personal life, relationships and joy.

GST First Appeal Pre-Deposit Explained: Why DRC-03 Is Not Enough & How DRC-03A Fixes It

CA Varun Gupta 20 March 2026 at 09:13

Practical guide to GST appeal filing under Section 107, explaining pre-deposit rules, DRC-03 payment issues, and the role of Form DRC-03A in ensuring proper adjustment against demand orders.

Certificate of ITC Reversal by the Recipient of Goods and Services

Rajagopal K 20 March 2026 at 09:13

Certificate format for ITC reversal by recipients under Section 34 & 15(3)(b) of CGST/TNGST Act, 2017, including compliance, credit notes and latest GST circular updates.

Mistake in Reporting Foreign Assets Can Cost You Rs 10 Lakh

Ayush 19 March 2026 at 13:23

Report foreign assets or income correctly in ITR and avoid costly penalties. Learn how to report and know the tax reporting rules in ITR to stay compliant.

From Practice To Mandate: Understanding The New ISD Regime Under GST

Raj Jaggi 19 March 2026 at 09:48

Understand how AAYRA LIMITED manages multi-state GST operations through centralized procurement, the mandatory ISD framework from April 2025, and its impact on ITC distribution, compliance and business efficiency.

Budget 2026 Buyback Taxation: Capital Gains Treatment for Shareholders and Additional Tax for Promoters

CA Varun Gupta 19 March 2026 at 09:11

Budget 2026 proposes a major shift in buyback taxation by moving from dividend to capital gains treatment, benefiting minority shareholders while imposing additional tax on promoters to curb arbitrage.