CAclubindia Articles
Section 92C(2): 5% Tolerance Benefit Available Even with a Single Comparable, Rules ITAT
ITAT Kolkata rules that the benefit of the ±5% tolerance band under Section 92C(2) is available even when only one comparable remains in the transfer pricing analysis, provided the variation falls within the prescribed limit.
MSME - The Silent Advantage Every Business Should Know
Know the revised MSME classification effective from 1 April 2025, updated investment and turnover limits, key benefits of MSME registration, Section 43B(h) implications, payment timelines, and protections against delayed payments.
Post Office RD Interest Rate 2026: Latest Update with Tax Benefit
Learn about the Post Office Recurring Deposit (RD) Scheme 2026, including the latest 6.7% interest rate, tax rules, maturity returns, eligibility, benefits, loan facility, and whether it is a good investment option for disciplined savers.
TDS on Rent Section For FY 26-27: With Limits And Rates
TDS on rent for FY 2026–27 (AY 2027–28): Know updated Section 393 rules, TDS rates, exemption limits, 194-I, 194-IB, NRI rent taxation under 195 and filing codes.
Major Banking Changes From October 2026: FD, UPI and KYC Rules
RBI's new banking rules effective October 1, 2026, bring uniform FD rates, daily bulk deposit rate disclosures, CKYC simplification, and UPI fraud warning alerts for safer transactions.
Statutory Tax Compliance Tracker - August 2026
August 2026 Compliance Calendar: Key Income Tax and GST Due DatesAugust 2026 is a crucial compliance month for taxpayers, businesses, deductors, collectors, tru...
Section 93 Saves GST Liability, but Not a Notice to the Dead
The Orissa High Court has ruled that GST show cause notices and adjudication orders cannot be issued in the name of a deceased proprietor. The judgment clarifies the scope of Section 73 and Section 93 of the CGST Act, holding that while tax liability may survive death, proceedings must be initiated against the legal representative or the person continuing the business.
Deduction Provisions: Income Tax Act, 1961 vs Income Tax Act, 2025
04 August 2026
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Income-tax Act 2025 reorganises key deduction provisions, mapping Sections 80C, 80D, 80CCD, 80G, 80TTA, 80TTB and others to new section numbers. Explore the updated deduction framework, limits, eligibility conditions, and important changes taxpayers should know.
Job or Practice? A Dilemma Every First-Generation CA Faces
Should a newly qualified CA take up a job or start independent practice? Explore the pros and cons of both career paths, challenges for first-generation CAs, and why gaining corporate experience first can help build a stronger and more successful practice later.
Who has to file ITR before 31st August?
Confused about the 31 August ITR filing deadline? Learn who must file ITR-3, ITR-4, and ITR-5 by 31 August, who qualifies for tax audit and when the due date shifts to October.
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