CAclubindia Articles

When GST credit moves with the business: Transfer of unutilised ITC under Section 18(3), Rules 41 and 41A

Posted by Raj Jaggi

06 June 2026 152 Views

Understand how unutilised GST Input Tax Credit (ITC) can be transferred during mergers, demergers, slump sales, business transfers, and restructurings under Section 18(3) of the CGST Act, Rules 41 and 41A, including ITC-02 compliance requirements.

CA Reveals 26x Salary Growth Journey: From Rs 1.92 Lakh to Rs 57.8 Lakh in 10 Years

Posted by Shivani 06 June 2026 985 Views

A Chartered Accountant's inspiring journey from a Rs 1.92 lakh articleship stipend to a Rs 57.8 lakh salary at KPMG Sweden highlights the long-term career growth potential in the CA profession.

Charitable Trusts under the Income Tax Act, 2025: A Practitioner's Map of Part B of Chapter XVII (Sections 332 to 355)

Posted by Abhay

06 June 2026 686 Views

The Income-tax Act, 2025 has completely overhauled the taxation framework for charitable trusts and non-profit entities. Learn about the new RNPO regime, Section 332 registration, the 85% application rule, Section 354 approval, accreted income tax, and key compliance changes every CA must understand.

Why Traditional Accounting Skills Alone Are No Longer Enough

Posted by Simandhar Education 06 June 2026 117 Views

Discover why traditional accounting skills alone are no longer enough in 2026. Learn how global certifications, AI fluency, and data analytics are shaping the future of accounting careers in India.

How Virtual CFO Services Help SMEs and Growing Businesses Improve Financial Control, Compliance, Cash Flow and Business Growth

Posted by CA Varun Gupta

06 June 2026 67 Views

Learn what a Virtual CFO is, how it differs from traditional accounting, and why businesses need strategic financial oversight. Discover how Virtual CFO services improve cash flow, compliance, MIS reporting, profitability, internal controls, and business decision-making while providing CFO-level expertise at a cost-effective price.

Windfall Tax: What Is It and Why Is Everyone Talking About It?

Posted by Ishwarya Keerthi B 05 June 2026 838 Views

Understand what a windfall tax is, why governments impose it on extraordinary corporate profits, how it works, India's approach, and the ongoing debate over economic fairness, investment, and public welfare.

Advance Tax Due Dates For FY 2026-27: Who Must Pay First Instalment in June 2026?

Posted by Chaitra Seetharam 05 June 2026 1952 Views

Advance Tax 1st Installment 2026: Know who is required to pay, how much tax needs to be paid to avoid interest penalties under the Income Tax Act 2025.

When Healthcare Services Is the Substance, GST Cannot Follow the Label

Posted by Raj Jaggi

05 June 2026 135 Views

The Karnataka High Court in M/s Healthcare Global Enterprises Ltd. v. ACCT held that healthcare services cannot be taxed as business support services merely due to revenue-sharing arrangements. The ruling reaffirms GST exemption for genuine medical treatment, emphasizes substance over form, protects patient affordability and quashes GST demands raised on exempt healthcare services.

Supreme Court: Banning the Online Money Gaming is within the States' Power

Posted by Bimal Jain 05 June 2026 196 Views

Explore the Supreme Court's landmark ruling in State of Tamil Nadu v. Junglee Games (2026), holding that GST and regulatory provisions apply to betting and gambling whenever money is staked on an uncertain outcome, irrespective of whether the underlying game involves skill or chance. Detailed legal and GST analysis.

What is a Tax Residency Certificate (TRC) and how can it be obtained in India?

Posted by CA Umesh Kumar Jethani 05 June 2026 180 Views

Learn how a Tax Residency Certificate (TRC) helps residents and NRIs claim DTAA benefits, avoid double taxation, and prove tax residency. Understand the application process, required documents and tax relief provisions in India.