CAclubindia Articles

Rule 88C First, Garnishee Action Later

Posted by Raj Jaggi 10 August 2026 62 Views

Can GST authorities issue a garnishee notice for GSTR-1 vs GSTR-3B mismatches without first issuing DRC-01B? The Telangana High Court in P.R. Productions held that Rule 88C is mandatory and recovery under Section 79 cannot bypass the taxpayer’s right to explain or reconcile the mismatch.

Business Loan Default: Understanding the Guarantor's Liability and SARFAESI

Posted by Ashok Kakkar 10 August 2026 18 Views

Understand NPA classification, guarantor liability, and SARFAESI enforcement in simple terms. Learn when banks can proceed against guarantors, the difference between a personal guarantee and a mortgage, key SARFAESI stages, and practical recovery considerations for lenders, borrowers, and guarantors.

Section 87A Marginal Relief FY 2026-27: The Rs 12L Cliff, the Capital-Gains Carve-Out and 6 Worked Examples

Posted by Chetan Sanghani 10 August 2026 95 Views

Understand Section 87A rebate for FY 2026-27: Rs 12 lakh tax-free limit, marginal relief up to Rs 12.75 lakh, capital gains carve-out, and practical tax-saving strategies.

UPI Payments Above Rs 2000 May Not Stay Free Forever: What the New Law Really Means

Posted by Rishab jain 10 August 2026 47 Views

Confused about UPI charges? Find out what changed in law, whether payments above Rs 2000 will be affected, and what's still undecided.

FD vs RD: Only 7 Months Left in FY 2026-27 - Know Which Is Better?

Posted by Poojitha Raam Vinay

08 August 2026 1323 Views

Confused between FD and RD? Learn the differences in interest earnings, taxation, TDS thresholds, and tax-saving benefits before March 2027.

Income Tax Audit Last Date For The AY 2026-27

Posted by Chaitra Seetharam 08 August 2026 23015 Views

Tax Audit AY 2026-27: Know Section 44AB applicability, audit report due dates, Form 3CA/3CB/3CD filing deadlines, penalties under Section 271B, and valid grounds for penalty waiver before September 30, 2026.

Section 44AD for AY 2026-27: The Easy Way to File Business Income Tax Returns

Posted by Ishwarya Keerthi B 08 August 2026 2948 Views

Learn everything about Section 44AD for AY 2026-27, including eligibility, turnover limits, presumptive income rates, tax audit rules, ITR-4 filing, benefits and FAQs for small businesses.

TDS on Rent Section For FY 26-27: With Limits And Rates

Posted by Chaitra Seetharam 08 August 2026 50846 Views

TDS on rent for FY 2026–27 (AY 2027–28): Know updated Section 393 rules, TDS rates, exemption limits, 194-I, 194-IB, NRI rent taxation under 195 and filing codes.

TDS on Commission For FY 2026-27: Latest Rules, Rates and Threshold Limits with Different Sections

Posted by Chaitra Seetharam 08 August 2026 16795 Views

Know the latest TDS on commission rules for FY 2026-27 under the Income Tax Act, 2025. Check 2% TDS rates, ₹20,000 threshold, Section 393(1), due dates, exemptions, GST treatment, and compliance requirements.

No Intent, No Extended Limitation

Posted by Raj Jaggi 08 August 2026 108 Views

CESTAT Chandigarh in Vimal Alloys Pvt. Ltd. rules that extended limitation under Service Tax cannot be invoked merely due to an interpretational dispute. The Tribunal held that when records are disclosed, returns are filed, and no intent to evade tax is proven, allegations of suppression fail, making the demand time-barred.