CAclubindia Articles
TCS Return Due Date For FY 2026-27: File with New Form 143
Income Tax Act, 2025 introduces Form 143 and revised TCS return deadlines. Check quarterly due dates, TCS deposit rules, penalties and compliance tips for FY 2026-27.
Understanding the Difference Between Basic Exemption Limit and Tax Rebate
Basic Exemption Limit and Tax Rebate are often confused, but they work differently. Learn how exemption reduces taxable income, while rebate reduces tax payable after calculation, with simple examples and key differences.
A later limitation amendment cannot reopen a closed demand
CESTAT Chennai in Valmet Technologies rules that while sub-letting rent is taxable, time-barred demands cannot be revived through later limitation amendments. The judgment also clarifies that electricity recoveries are not taxable services, penalties require proof of evasion, and extended limitation cannot be invoked without evidence of suppression or fraud.
CIRP and CIIRP: Understanding the Evolving Framework of Corporate Insolvency Resolution under the IBC
Understand the key differences between CIRP and CIIRP under the Insolvency and Bankruptcy Code (IBC), 2016. Learn eligibility, process, objectives, benefits and how the new creditor-initiated framework introduced in 2026 complements corporate insolvency resolution in India.
Received RSUs or ESOPs? How to File Schedule FA (AY 2026-27) Without Triggering a Tax Notice
11 July 2026
817 Views
Received RSUs or ESOPs from a foreign employer? Learn how to report vested RSUs, foreign custodial accounts, and overseas shares in Schedule FA of ITR for AY 2026-27, including A2 & A3 reporting, SBI TT rates, capital gains, dividends, and key compliance rules.
Composition Scheme under GST: Legal Framework, Eligibility, Rates and Compliance for FY 2026-27
Complete guide to the GST Composition Scheme for FY 2026-27 covering eligibility, turnover limits, tax rates, service provider scheme, e-commerce rules, compliance forms, due dates, ITC restrictions, and latest legal updates under Section 10 of the CGST Act.
Income Tax Slab for Senior Citizens Above 60 Years for AY 2026-27: With Deductions, Rebates and Examples
Understand income tax rules for senior citizens in AY 2026-27, including old vs new tax regime comparison, tax slabs, exemptions, deductions, rebates, advance tax relief, and key benefits for resident senior and super senior citizens.
Senior Citizen After Retirement Must Report These 5 Incomes While Filing ITR for AY 2026-27
Filing ITR for AY 2026-27? Senior citizens must report pension, interest, rental, business, professional, capital gains and dividend income correctly. Know key tax rules, deductions, documents required and how to avoid notices, penalties and tax demands.
Reconciliation of TDS with Form 26AS: Causes of Mismatch and Remedies Available to the Taxpayer under the Income Tax Act
TDS mismatch delaying your ITR refund? Learn how to reconcile Form 26AS, AIS and TDS credits, fix mismatches, use Form 71, and understand remedies under Sections 154, 155(20) and 205 for AY 2026-27.
TDS on Rent Over Rs 50,000: Section 194-IB, Due Dates, Form 26QC and NRI Landlord Rules
10 July 2026
124 Views
Paying rent above Rs 50,000 per month? Learn TDS rules under Section 194-IB, 2% TDS rate, Form 26QC and Form 16C filing, due dates, penalties, HRA verification and special provisions for NRI landlords.
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