CAclubindia Articles

Customs Act: Evidence Before Confiscation

Posted by Raj Jaggi 17 August 2026 42 Views

Customs Enforcement and the Discipline of ProofCustoms law confers wide powers to intercept, seize and confiscate goods where there is reason to believe they ar...

Outstanding Expenses: A Practical Guide to Accounting Treatment, Financial Statement Impact and Common Mistakes

Posted by chandan kumar sahu 17 August 2026 58 Views

Learn the meaning of outstanding expenses, why they are recognised under accrual accounting, journal entries, balance sheet treatment, examples, and their impact on profit and cash flow

IBC 2026 Amendments: Key Changes, Implementation Status and Their Practical Impact

Posted by Ashok Kakkar 17 August 2026 75 Views

IBC Amendment Act 2026 brings key changes for RPs, creditors, resolution applicants and insolvency professionals, focusing on faster resolution, better information, accountability, valuation and value preservation.

Revitalizing India's Growth Engine: A Comprehensive Analysis of the Micro, Small and Medium Enterprises Development (Amendment) Act, 2026

Posted by CA Jaydeep Babubhai Vadher 15 August 2026 74 Views

MSME Development Amendment Act, 2026 introduces major reforms in digital registration, TReDS invoice routing, dispute resolution, 75% pre-deposit rules, MSEFCs and penalties to strengthen MSME liquidity and legal protection.

Interest Refunds under GST: No Unjust Enrichment Certification Required

Posted by Vivek Jalan 15 August 2026 75 Views

A recent Telangana High Court ruling clarifies that CA/Cost Accountant certification under Rule 89(2)(m) of the CGST Rules is not required for standalone interest claims where the principal refund has already been sanctioned, offering relief from unnecessary compliance for taxpayers.

Income Tax Audit Last Date For The AY 2026-27

Posted by Chaitra Seetharam 14 August 2026 27777 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.

Income Tax Audit Limit for AY 2026-27: Guide to Section 44AB, 44AD and 44ADA Thresholds

Posted by Poojitha Raam Vinay 14 August 2026 24687 Views

Income Tax Audit Limit AY 2026-27 explained: Section 44AB thresholds, 44AD & 44ADA presumptive taxation limits, tax audit due dates, penalties under Section 271B, and key applicability rules for businesses, professionals, and traders.

Road Transport and the GTA Test

Posted by Raj Jaggi 14 August 2026 136 Views

The Document That Determines the Tax CharacterThe Karnataka High Court’s decision in Deccan Mining Syndicate Private Limited v. Commissioner of Central T...

Zero Tax Liability? 4 Real-Life Reasons Why You Should Still File Your ITR

Posted by Prateek Jain 14 August 2026 477 Views

Think you can skip filing your ITR because your tax liability is zero? Learn how refunds, loans, visas, and capital loss benefits can be affected.

CIIRP: What the New Creditor-Led Insolvency Route Means for Banks

Posted by Ashok Kakkar 14 August 2026 150 Views

Explore how the new Creditor-Initiated Insolvency Resolution Process (CIIRP) under IBC 2026 enables earlier creditor intervention and value preservation.