CAclubindia Articles

Major Relief in Tax on Unexplained Income: From Heavy Tax to a Balanced Approach

Posted by Chaitra Seetharam 03 April 2026 2245 Views

Finance Bill 2026 revamps taxation of unexplained income, cutting rates from 78% to ~39% while imposing stricter penalties up to 200%, promoting voluntary compliance and updated return benefits.

Section 87A Rebate and Agricultural Income: Resolving the Statutory Conflict Before the Utilities Do It for Us

Posted by Marimganti Tarun B.com,FCMA 03 April 2026 1133 Views

Does Section 87A rebate apply when agricultural income is involved? Explore the AY 2026-27 ambiguity on rebate eligibility under the new tax regime, partial integration rules and what taxpayers and professionals should do before ITR utilities are released.

Annual Compliance Calendar - April 2026

Posted by CS Divesh Goyal 03 April 2026 523 Views

April 2026 Compliance Calendar covering GST, Income Tax, TDS, PF, ESI & Companies Act due dates. Stay compliant with all key filing deadlines in one place.

New Tax Rules From 1st April - 19 Key Changes

Posted by CS Lalit Rajput 03 April 2026 2140 Views

Income-tax Act 2025 replaces the 1961 law from April 1, 2026. Explore 19 key changes impacting salaried individuals, investors, HRA rules, capital gains, STT and compliance updates.

Senior Citizen Aged 60 to 80 or Above Must Know These New Tax Rules: Started From April 2026

Posted by Mitali 02 April 2026 90653 Views

Turning 60? Discover updated tax benefits for senior and super senior citizens in FY 2026-27, including higher exemption limits, zero tax rebates, ITR filing relief, no advance tax and key compliance updates.

Uploading is Not Communication Under GST

Posted by Raj Jaggi

02 April 2026 211 Views

Allahabad High Court clarifies that mere uploading of GST notices on the portal does not amount to valid "communication" for limitation under Section 107, safeguarding taxpayers' right to appeal and reinforcing principles of natural justice in the digital tax regime.

Financial Literacy in India: Bridging Financial Access and Economic Empowerment

Posted by Ashok Kakkar 02 April 2026 150 Views

Financial Literacy in India: Bridging Financial Access and Economic Empowerment1. BackgroundOver the past decade, India has undertaken one of the most extensive...

Acquisition-Related Costs: Capitalise or Expense?

Posted by CA Rahul Agarwal 02 April 2026 263 Views

Understand the accounting treatment of acquisition-related costs under Ind AS and IFRS, comparing standalone and consolidated financial statements. Learn when costs are capitalised or expensed, key standards involved and practical insights with real-world examples.

Limitation Period Cannot Defeat Refund Of Statutory Pre-Deposit Under GST

Posted by Raj Jaggi

01 April 2026 703 Views

A Routine GST Dispute with Far-Reaching ConsequencesUnder the GST regime, the right to appeal is not entirely unconditional. A taxpayer who wishes to challenge ...

Iran's Hormuz Gambit: How a 21-Mile Strait Made the World an Economic Hostage

Posted by CA AMANDEEP SINGH 01 April 2026 244 Views

A deep dive into the 2026 Strait of Hormuz crisis, how Iran’s strategic closure disrupted global oil, LNG, and food supply chains, and what it means for India’s economy, inflation and everyday household expenses.