CAclubindia Articles

Section 186(11) of Companies Act, 2013

Affluence Advisory 15 January 2026 at 07:37

MCA's Companies (Meetings of Board and its Powers) Amendment Rules, 2025 clarify Section 186(11) of the Companies Act, 2013, granting NBFCs and IFSCA finance companies exemption from Board and shareholder approvals for loans, guarantees, securities and investments made in the ordinary course of business.

Latest Central Excise Developments: A Practical Analysis of Notifications dtd 31st Dec 2025

Raj Jaggi 15 January 2026 at 07:36

From 1 February 2026, the government revives capacity-based central excise on gutkha and chewing tobacco, signalling the failure of valuation-based taxation

ROC Penalizes for Clerical Error in Annual Return Filing: Key Compliance Lesson Under Companies Act, 2013

CS Mayur Mazumdar 15 January 2026 at 07:35

ROC Delhi imposed penalties on Panacea Life Sciences Ltd and its directors for failing to disclose a director’s change in designation in MGT-7. The adjudication highlights strict MCA enforcement, applicability of Sections 92, 450 and 446B, and the risks of even clerical compliance lapses under the Companies Act, 2013.

RSUs & ITR Filing: Practical Pointers Every Tax Professional Should Know

CA Aishwariya K Rajagopal 14 January 2026 at 07:43

Restricted Stock Units (RSUs) involve complex tax and compliance issues covering salary taxation, capital gains, and foreign asset disclosure. This article explains common RSU tax challenges, documentation requirements, cost of acquisition, Schedule FA reporting, and clears misconceptions around sell-to-cover and double taxation.

Section 10(10AA) Explained: Claiming Refund of Leave Encashment Tax Paid Before 1st April 2023

CA Varun Gupta 14 January 2026 at 07:43

Bank employees and PSU retirees can claim up to Rs 25 lakh tax exemption on leave encashment under Section 10(10AA). This article explains the revised limit, CBDT notifications, judicial views for pre-01.04.2023 cases, and practical refund options such as rectification, appeal, and condonation.

Bank Account Limits in India 2026: Rules Decoded

Mitali 13 January 2026 at 13:11

Bank Limits 2026: Avoid 2026 tax notices! Savings, Current cash rules, TDS, Foreign or domestic reporting, digital limits. Stay penalty-free with this full breakdown!

Union Budget 2026 Date: Will It Be On Sunday Or Monday? Final Timeline with Major Events

Chaitra Seetharam 13 January 2026 at 11:21

Union Budget 2026 will be presented on Sunday, February 1, 2026, outlining India’s roadmap for inclusive growth, tax reforms, MSMEs, agriculture, and employment under the vision of Sabka Vikas toward Viksit Bharat 2047.

Powering Hospitality: ITC On Independent Feeder Infrastructure

Raj Jaggi 13 January 2026 at 07:08

Electricity is a core service enabler in hotels, not mere infrastructure. This article explains why GST ITC on independent feeder lines qualifies as plant and machinery under Sections 16 and 17 of the CGST Act, supported by statutory definitions, judicial reasoning, and business reality.

Kite fight between Taxpayer and Department

CA Umesh Sharma 13 January 2026 at 07:08

A thought-provoking fictional dialogue between Arjuna and Krishna using Makar Sankranti kite-flying metaphors to explain GST technology controls, GST 2.0, MSME reforms, and Income Tax compliance, highlighting why taxpayers must fly high but within the law.

MCA Introduces "Small Company" Status in Master Data: Key Compliance Implications Explained

CS Divesh Goyal 12 January 2026 at 10:02

MCA introduces "Small Company" status in master data, bringing structural reforms with significant compliance, reporting, and regulatory implications.