CAclubindia Articles

When The Search is Attacked, But The Evidence Still Stands

Posted by Raj Jaggi

26 March 2026 98 Views

Can evidence survive an invalid search? Explore how the Karnataka High Court, guided by Pooran Mal v. Director of Inspection (Investigation) and reaffirmed in Dr. Naresh Kumar Garg v. State of Haryana, held that relevant material in GST proceedings remains admissible despite procedural irregularities.

Change in LPG Booking: You May Have to Wait 35 Days Now

Posted by Mitali 25 March 2026 289 Views

Government clarifies LPG refill booking rules amid viral rumours. No new 35-day waiting period introduced; existing gap remains 25 days in urban and 45 days in rural areas, debunking misleading reports.

Form 24: Audit Compliance under Section 59 for Royalty and Technical Service Fees

Posted by Ayush 25 March 2026 1026 Views

Form No. 24 under Rule 43 of the Income-tax Rules, 2026 is a mandatory CA-certified audit report for non-residents and foreign companies earning royalty or FTS in India through a PE, ensuring accurate income computation under Section 59.

Form 3 of Income Tax Rules 2026: From Bonds to Compliance

Posted by Ayush 25 March 2026 160 Views

Form 3 is prescribed under Rule 7 of the Income-tax Rules (as aligned with the Income-tax Bill, 2025). It must be furnished by:Infrastructure capital companiesI...

The Thin Line Between "Supply For Export" And "Export Of Goods" Under GST

Posted by Raj Jaggi

25 March 2026 1173 Views

Not every supply linked to foreign movement qualifies as an export under GST. The Andhra Pradesh High Court clarifies that only the transaction directly causing goods to leave India earns zero-rated export status, highlighting the crucial distinction between "supply for export" and "export of goods."

Globalising Your Portfolio: Navigating FEMA, LRS and ODI for Startup Investments

Posted by Affluence Advisory 25 March 2026 76 Views

Explore how Indian residents can invest in global startups in 2026 using LRS and ODI routes. Understand limits, TCS rules, compliance steps, and FEMA regulations to build a secure and diversified international investment portfolio.

New Income Tax Official Website: What Changes from April 2026?

Posted by Mitali 24 March 2026 762 Views

Explore the New Income Tax Act 2025 replacing the 1961 law from April 1, 2026. Access section-wise provisions, compare old vs new Act, download PDFs, and use updated forms, FAQs, circulars, and guidance notes on the official portal.

Form No 2 of IT Rules 2026: Zero Coupon Bond Approval Application

Posted by Ayush 24 March 2026 2051 Views

Form 2 under Rule 7 of the Income-tax Rules, 2025 is mandatory for infrastructure entities and PSUs to apply for Zero-Coupon Bond (ZCB) notification. Learn eligibility, filing process, timelines, key conditions, and tax benefits under Section 2(112) and Section 32(1)(d).

Form No 1 of IT Rules 2026: Stock Exchange Monthly Compliance Statement

Posted by Ayush 24 March 2026 1164 Views

Form No. 1 is a mandatory monthly statement for stock exchanges reporting client code modifications under Rule 4 of the Income-tax Rules, 2026, replacing Form 3BB, with updated filing requirements, structure and timelines.

Income Tax Forms 2026 and 1962: Old vs New

Posted by Mitali 24 March 2026 2604 Views

The Income-tax Rules, 2026 introduce a comprehensive overhaul of compliance by replacing legacy forms under the 1962 Rules with an expanded and updated set of forms.