CAclubindia Articles

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.

The Black Money Act Recalibrated: Decoding The Proposed Amendments Under The Finance Bill, 2026

Raj Jaggi 04 February 2026 at 09:11

A deep dive into the Black Money Act as a distinct penal statute, with insights into disclosure obligations, prosecution provisions and Finance Bill 2026 amendments.

Finance Bill, 2026 And The Customs Act, 1962: What Changes, Why It Matters

Raj Jaggi 04 February 2026 at 09:04

Finance Bill 2026 proposes targeted amendments to the Customs Act, 1962, covering offshore fishing jurisdiction, advance rulings, penalties, warehousing and courier regulations.

Union Budget 2026-27: An Overview of Direct and Indirect Tax Proposals

CA Aditya 04 February 2026 at 08:27

Union Budget 2026–27 focuses on simplifying tax laws, easing compliance, and resolving disputes, with key direct and indirect tax changes effective from AY 2026-27.

Union Budget 2026: Customs & Trade Facilitation Amendments - Topic-wise Summary with Key Changes (Before vs After)

CA Varun Gupta 04 February 2026 at 08:26

Union Budget 2026 GST & IGST amendments explained with section-wise analysis, before–after comparison, effective dates, and practical impact on taxpayers and professionals.

Union Budget 2026: Industry Gets Highways, Agriculture Gets Footpaths - Is Development Losing Balance?

Sagar 04 February 2026 at 08:26

Union Budget 2026-27 prioritises infrastructure and industry with higher capex, while agriculture faces low investment, no legal MSP guarantee, rising costs, and climate risks.

When An E-Way Bill Fails But ITC Survives: Lessons in GST Interpretation (Part I)

Raj Jaggi 03 February 2026 at 10:14

Explores why ITC denial based solely on invalid E-Way Bills is flawed, analysing Section 16 of the CGST Act and the primacy of substantive compliance over procedural lapses.

Simplified GST Changes in Budget 2026: Finance Bill 2026 CGST and IGST Amendments

CA Varun Gupta 03 February 2026 at 08:24

Budget 2026 proposes key GST and IGST amendments via Finance Bill 2026, covering post-sale discounts, credit notes, refunds, advance rulings and intermediary POS rules.

26 Important Income Tax Proposals in Union Budget 2026

CA Umesh Sharma 03 February 2026 at 08:24

Union Budget 2026 explained through an Arjuna-Krishna dialogue. Key highlights include the new Income Tax Act, 2025, 26 major tax proposals, compliance simplification, reduced penalties, and major taxpayer-friendly reforms effective from 1st April 2026.

Key Benefits of Income Tax to the Salaried Person in the Budget 2026

Pranab Banerjee 03 February 2026 at 08:24

Union Budget 2026 brings stability for salaried Indians with unchanged tax slabs, higher effective tax-free income, continued deductions and easier compliance.