CAclubindia Articles

Charitable Trusts under the Income Tax Act, 2025: A Practitioner's Map of Part B of Chapter XVII (Sections 332 to 355)

Posted by Abhay

06 June 2026 5443 Views

The Income-tax Act, 2025 has completely overhauled the taxation framework for charitable trusts and non-profit entities. Learn about the new RNPO regime, Section 332 registration, the 85% application rule, Section 354 approval, accreted income tax, and key compliance changes every CA must understand.

Why Traditional Accounting Skills Alone Are No Longer Enough

Posted by Simandhar Education 06 June 2026 148 Views

Discover why traditional accounting skills alone are no longer enough in 2026. Learn how global certifications, AI fluency, and data analytics are shaping the future of accounting careers in India.

How Virtual CFO Services Help SMEs and Growing Businesses Improve Financial Control, Compliance, Cash Flow and Business Growth

Posted by CA Varun Gupta

06 June 2026 74 Views

Learn what a Virtual CFO is, how it differs from traditional accounting, and why businesses need strategic financial oversight. Discover how Virtual CFO services improve cash flow, compliance, MIS reporting, profitability, internal controls, and business decision-making while providing CFO-level expertise at a cost-effective price.

Windfall Tax: What Is It and Why Is Everyone Talking About It?

Posted by Ishwarya Keerthi B 05 June 2026 981 Views

Understand what a windfall tax is, why governments impose it on extraordinary corporate profits, how it works, India's approach, and the ongoing debate over economic fairness, investment, and public welfare.

Advance Tax Due Dates For FY 2026-27: Who Must Pay First Instalment in June 2026?

Posted by Chaitra Seetharam 05 June 2026 2739 Views

Advance Tax 1st Installment 2026: Know who is required to pay, how much tax needs to be paid to avoid interest penalties under the Income Tax Act 2025.

When Healthcare Services Is the Substance, GST Cannot Follow the Label

Posted by Raj Jaggi

05 June 2026 161 Views

The Karnataka High Court in M/s Healthcare Global Enterprises Ltd. v. ACCT held that healthcare services cannot be taxed as business support services merely due to revenue-sharing arrangements. The ruling reaffirms GST exemption for genuine medical treatment, emphasizes substance over form, protects patient affordability and quashes GST demands raised on exempt healthcare services.

Supreme Court: Banning the Online Money Gaming is within the States' Power

Posted by Bimal Jain 05 June 2026 268 Views

Explore the Supreme Court's landmark ruling in State of Tamil Nadu v. Junglee Games (2026), holding that GST and regulatory provisions apply to betting and gambling whenever money is staked on an uncertain outcome, irrespective of whether the underlying game involves skill or chance. Detailed legal and GST analysis.

What is a Tax Residency Certificate (TRC) and how can it be obtained in India?

Posted by CA Umesh Kumar Jethani 05 June 2026 213 Views

Learn how a Tax Residency Certificate (TRC) helps residents and NRIs claim DTAA benefits, avoid double taxation, and prove tax residency. Understand the application process, required documents and tax relief provisions in India.

The "October 28" Trap: Why Expats Accidentally Trigger Indian Tax on Foreign Salary

Posted by CA Aishwariya K Rajagopal 05 June 2026 34 Views

For professionals moving abroad, the year of departure is a chaotic mix of packing, visas, and career transitions. But from an Indian income tax perspective, a ...

Rule 42 and Rule 43 of CGST Rules: How to Avoid GST Notices on Proportionate ITC Reversal

Posted by CA Varun Gupta

05 June 2026 4609 Views

Understand Rule 42 and Rule 43 of GST with practical examples, formulas, ITC reversal calculations, GSTR-3B reporting, annual adjustments, common audit mistakes, and compliance requirements for inputs, input services, and capital goods