Articles by Chaitra Seetharam

ATM Withdrawal Limits and Charges: Rules Changed From April 2026

Chaitra Seetharam 07 April 2026 at 13:57

Stay updated on India's latest ATM rules effective April 1, 2026. Learn about revised withdrawal limits, increased transaction charges, UPI cash withdrawals counting toward free limits and smart tips to avoid extra fees.

Major Relief in Tax on Unexplained Income: From Heavy Tax to a Balanced Approach

Chaitra Seetharam 03 April 2026 at 13:38

Finance Bill 2026 revamps taxation of unexplained income, cutting rates from 78% to ~39% while imposing stricter penalties up to 200%, promoting voluntary compliance and updated return benefits.

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.

Deductions Allowed to Salaried Individuals under New Tax Regime For FY 2026-27

Chaitra Seetharam 21 March 2026 at 16:55

Union Budget 2026 keeps the New Tax Regime unchanged for FY 2026-27. Check allowed deductions like Rs 75,000 standard deduction, employer NPS benefits, Section 87A rebate, tax-free threshold up to Rs 12.75 lakh and updated income tax slabs.

From Rs 1000 to Rs 25,000 w.e.f April 2026: Penalty for Failing to Provide Business Information with Tax Officers

Chaitra Seetharam 17 March 2026 at 11:42

Big change in Income-tax Act 2025: Higher penalties introduced for failure to furnish information under Section 254.

UPI Transaction Limits Starting From April 2026

Chaitra Seetharam 05 March 2026 at 11:28

UPI rules for 2026 explained: ₹1 lakh daily limit for most users, ₹5 lakh for select payments, ₹5,000 cap for new users, plus new ATM withdrawal charges and enhanced security rules effective April 1, 2026.

Will AI Overcome the Role of CAs or Auditors in future?

Chaitra Seetharam 28 February 2026 at 13:08

AI is transforming the accounting and audit profession by automating routine tasks in accounting, audit and tax compliance. However, professional judgment, ethical reasoning, and client advisory remain human-centric. Discover how CAs and auditors can thrive as AI-enabled professionals.