CAclubindia Articles

Bank Account Transaction Limit Starting From 1st April 2026 with New Tax Rules

Chaitra Seetharam 31 March 2026 at 17:39

Updated cash transaction rules for FY 2026-27 under the Income Tax Act, 2025. Check new PAN limits, SFT reporting thresholds, TDS on withdrawals and UPI caps.

No TDS, No Tax on Fixed Deposit: Strategy to Make FD Income Completely Tax-Free

Hridyanshi 31 March 2026 at 11:27

From April 1, 2026, banks will deduct 10% TDS on FD interest under new Section 393 if it exceeds Rs 50,000 (non-senior) or Rs 1 lakh (senior). Learn thresholds, examples and how to avoid TDS legally.

The GST Paradox Of Power Storage

CS Lalit Rajput 31 March 2026 at 09:48

Tamil Nadu AAR rules that Battery Energy Storage Systems (BESS) qualify as support services under HSN 998631, attracting 18% GST. Exemption as "supply of electrical energy" denied; GST registration mandatory for operators.

Arbitration Award Under GST: Different Components, Different Tax Consequences

Raj Jaggi 30 March 2026 at 10:28

GST on arbitration awards isn't straightforward. Taxability hinges on whether payments are consideration or compensation. AAR clarifies key distinctions and GST implications.

Tax Guidance On Share Buybacks

CS Lalit Rajput 30 March 2026 at 09:40

India revises share buyback taxation from April 1, 2026, shifting to capital gains and imposing a 12% surcharge only on promoters, ensuring fair tax treatment for minority shareholders.

Data collection vs. Data sharing - A subtle but critical distinction

CA Amrita Chattopadhyay 28 March 2026 at 10:36

Understand the difference between data collection and public data sharing under the Digital Personal Data Protection Act, 2023. Learn why consent, accountability, and ethical use remain critical, even when data is publicly available and the hidden risks businesses often overlook.