CAclubindia Articles

ITAT Chandigarh: Section 50C Not Applicable on Transfer of LOIs in Land Acquisition Cases

CHANDNI JAIN 07 April 2026 at 09:30

ITAT Chandigarh rules that Letters of Intent (LOIs) from compulsory land acquisition are not ‘land or building’ under Section 50C, disallowing substitution of sale value with stamp duty valuation for capital gains computation.

Success That Sustains: The Power Of A Balanced Life

Raj Jaggi 07 April 2026 at 09:15

Discover the power of the 8-8-8 rule in redefining success beyond relentless hustle. Learn how GST professionals can achieve balance through focused work, quality sleep, and meaningful personal time without compromising productivity or well-being.

TDS & TCS Rate Chart for FY 2026-27: Updated Rates, Thresholds & New vs Old Sections

CA Piyush Agarwal 06 April 2026 at 10:48

Updated TDS & TCS Rate Chart for FY 2026-27 with new vs old sections, rates, thresholds and key provisions effective from 1 April 2026.

Beyond the Numbers: Evaluating Earnings Quality vs Reported Profits

Archita Jain 06 April 2026 at 10:10

Explore the concept of earnings quality and why reported profits alone are not enough for business valuation. Learn how cash flows, accruals, governance and regulatory frameworks in India shape reliable financial analysis and investment decisions.

180 Days and the Interest Controversy: From date of availment or 181st day?

Raj Jaggi 06 April 2026 at 09:18

The 180-day payment condition under Section 16(2) of the CGST Act mandates reversal of Input Tax Credit (ITC) with interest if supplier payments are delayed. Learn its scope, Rule 37 mechanism, interest implications and practical compliance strategies.

Advances Audit in Bank Branch - What the Regulations Say That Practice Often Misses

CA Pardeep Tayal 06 April 2026 at 09:00

A practical guide to bank branch audit of advances under RBI IRAC 2025 and ICAI Guidance Note 2026. Learn key NPA classification rules, CBS manipulation risks, provisioning triggers and critical audit red flags every auditor must check.

Understanding Transitional Provisions to Income Tax Act 2025 (ITA25) from Income Tax Act 1961 (ITA61)

Vivek Jalan 06 April 2026 at 09:00

A complete guide to the transition from the Income Tax Act, 1961 to the Income Tax Act, 2025 effective 1 April 2026. Understand key compliance changes, TDS/TCS timelines, return filing rules, carry-forward provisions and critical action points for taxpayers.