Articles by Chaitra Seetharam

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.

How Much Can Senior Citizens Earn Tax-Free After Budget 2026?

Chaitra Seetharam 26 February 2026 at 13:27

In the Union Budget 2026, Finance Minister Nirmala Sitharaman prioritized simplifying compliance and making tax filing more convenient, rather than introducing ..

Penalties for Missing or Wrong Crypto-Asset Transaction Statements from April 2026

Chaitra Seetharam 19 February 2026 at 12:21

ion Budget 2026 introduces penalties for delayed and inaccurate VDA reporting. Learn key rules, fines and compliance impact for exchanges and taxpayers.

Changes in Income from House Property from April 2026

Chaitra Seetharam 13 February 2026 at 16:56

The Union Budget 2026 proposed targeted amendments to the rules governing Income from House Property, effective April 1, 2026, bringing the Income-tax Act, 2025..

Buy-Back Gains Now Taxed as Capital Gains

Chaitra Seetharam 12 February 2026 at 11:23

Union Budget 2026 restores capital gains taxation on share buybacks, effective April 1, 2026, abolishing the company-level buyback tax. Shareholders will now pay tax only on net capital gains based on holding period, replacing the earlier dividend-style taxation model.

Revised Return Due Date Extension

Chaitra Seetharam 07 February 2026 at 11:41

Income-tax Act proposes more time to revise returns, balancing flexibility with accountability. By extending the deadline, the law aims to improve voluntary compliance without reopening completed assessments.

Corporate Tax Rate in India For Five Assessment Years (AY 22-23 to AY 26-27)

Chaitra Seetharam 04 February 2026 at 13:13

A clear overview of India' corporate tax rates from AY 2022-23 to 2026-27, comparing old and new regimes, effective rates, key conditions, and long-term policy stability.

Tax-Free Interest on Motor Vehicles Act effect from April 2026

Chaitra Seetharam 04 February 2026 at 12:05

Union Budget 2026 grants major relief to motor accident victims by making MACT interest fully tax-free and exempt from TDS from April 1, 2026. Individuals and legal heirs will now receive complete compensation without tax deductions, simplifying compliance and eliminating refund hassles.

Holiday or Trading Day on 1st Feb 2026: Will the Stock Market Really Be Open on Sunday?

Chaitra Seetharam 29 January 2026 at 11:22

Know if the Indian stock market will be open on Sunday 1st February 2026. If open what will be the schedule for BSE & NSE trading on Sunday for Budget 2026.