CAclubindia Articles

Form 24: Audit Compliance under Section 59 for Royalty and Technical Service Fees

Ayush 25 March 2026 at 13:47

Form No. 24 under Rule 43 of the Income-tax Rules, 2026 is a mandatory CA-certified audit report for non-residents and foreign companies earning royalty or FTS in India through a PE, ensuring accurate income computation under Section 59.

Form 3 of Income Tax Rules 2026: From Bonds to Compliance

Ayush 25 March 2026 at 12:09

Form 3 is prescribed under Rule 7 of the Income-tax Rules (as aligned with the Income-tax Bill, 2025). It must be furnished by:Infrastructure capital companiesI..

The Thin Line Between "Supply For Export" And "Export Of Goods" Under GST

Raj Jaggi 25 March 2026 at 09:40

Not every supply linked to foreign movement qualifies as an export under GST. The Andhra Pradesh High Court clarifies that only the transaction directly causing goods to leave India earns zero-rated export status, highlighting the crucial distinction between "supply for export" and "export of goods."

Globalising Your Portfolio: Navigating FEMA, LRS and ODI for Startup Investments

Affluence Advisory 25 March 2026 at 09:40

Explore how Indian residents can invest in global startups in 2026 using LRS and ODI routes. Understand limits, TCS rules, compliance steps, and FEMA regulations to build a secure and diversified international investment portfolio.

New Income Tax Official Website: What Changes from April 2026?

Mitali 24 March 2026 at 17:45

Explore the New Income Tax Act 2025 replacing the 1961 law from April 1, 2026. Access section-wise provisions, compare old vs new Act, download PDFs, and use updated forms, FAQs, circulars, and guidance notes on the official portal.

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.