CAclubindia Articles

Bank Account Transaction Limit 2026 with New Tax Rules

Posted by Chaitra Seetharam 31 March 2026 1063118 Views

Updated cash transaction rules for FY 2026-27 under the Income Tax Act, 2025. Check new PAN limits, SFT reporting thresholds, TDS on withdrawals and UPI caps.

No TDS, No Tax on Fixed Deposit: Strategy to Make FD Income Completely Tax-Free

Posted by Hridyanshi 31 March 2026 58786 Views

From April 1, 2026, banks will deduct 10% TDS on FD interest under new Section 393 if it exceeds Rs 50,000 (non-senior) or Rs 1 lakh (senior). Learn thresholds, examples and how to avoid TDS legally.

The GST Paradox Of Power Storage

Posted by CS Lalit Rajput 31 March 2026 471 Views

Tamil Nadu AAR rules that Battery Energy Storage Systems (BESS) qualify as support services under HSN 998631, attracting 18% GST. Exemption as "supply of electrical energy" denied; GST registration mandatory for operators.

Arbitration Award Under GST: Different Components, Different Tax Consequences

Posted by Raj Jaggi

30 March 2026 862 Views

GST on arbitration awards isn't straightforward. Taxability hinges on whether payments are consideration or compensation. AAR clarifies key distinctions and GST implications.

Tax Guidance On Share Buybacks

Posted by CS Lalit Rajput 30 March 2026 226 Views

India revises share buyback taxation from April 1, 2026, shifting to capital gains and imposing a 12% surcharge only on promoters, ensuring fair tax treatment for minority shareholders.

Data collection vs. Data sharing - A subtle but critical distinction

Posted by CA Amrita Chattopadhyay 28 March 2026 109 Views

Understand the difference between data collection and public data sharing under the Digital Personal Data Protection Act, 2023. Learn why consent, accountability, and ethical use remain critical, even when data is publicly available and the hidden risks businesses often overlook.

Living in the present - Reflections from 150 articles on the many facets of human life

Posted by Raj Jaggi

28 March 2026 444 Views

A reflective milestone marking the 150th article -exploring growth through discipline, simplicity and the power of living in the present with clarity, pure thoughts, and meaningful action.

Rs 1500 Crore GST on Penal Charges - A Compliance Failure Auditors Must Examine in FY 2025-26

Posted by MOHAN.C 28 March 2026 1262 Views

GST wrongly levied on penal charges by banks/NBFCs in 2024 has created a Rs 1500 crore issue with no refunds yet. Explore audit implications, legal position, and key concerns for CAs and auditors for FY 2025-26.

Trump to Make History with Signature on U.S. Dollar Bills

Posted by Aisha 27 March 2026 741 Views

For the first time ever, U.S. President Donald Trump's signature will appear on paper currency, ending a 165-year tradition. The new $100 bills, featuring Trump and Treasury Secretary Scott Bessent, are set to roll out in June.

When Time Makes Credit Costly - Interest On Retained ITC Under GST

Posted by Raj Jaggi

27 March 2026 248 Views

Wrongly availed Input Tax Credit under GST can trigger interest liability, even without utilisation. Learn how delayed reversal and prolonged retention of ITC can quietly create financial risk for taxpayers.