Latest cash transaction limits in India. Avoid heavy penalties on cash sales, property deals, loans and gifts under the Income Tax Act 2025.
09 March 2026
859 Views
Understand whether State GST authorities can question transitional input tax credit already examined by Central GST officers. This article explains the legal framework of Section 140, Rule 117, limitation under Sections 73 & 74, and key judicial rulings through the case study of Aayra Ltd. under the GST regime.
Explore how ESOPs are emerging as a strategic exit option for Indian promoters offering liquidity, tax efficiency, employee ownership and legacy preservation under India’s regulatory framework.
A Bhopal aspirant, Anjani Mishra, secured AIR 274 in the UPSC Civil Services Examination on the first attempt after leaving a Chartered Accountant job. Read the inspiring preparation journey and key lessons!
07 March 2026
264 Views
Understand when frequent deliveries qualify as continuous supply of goods under GST. Learn the conditions under Section 2(32) of the CGST Act, invoicing rules, and practical implications using the Harpreet Traders–Aarya Ltd. example.
07 March 2026
5300 Views
Finance Bill 2026 proposes allowing ITR-U filing after a Section 148 notice, offering taxpayers a compliance route during reassessment. Understand the pros, costs, additional tax burden, and penalty relief under Sections 139(8A), 140B, and 270A before deciding between settlement and litigation.
06 March 2026
375 Views
Understand when services qualify as Continuous Supply of Services under GST. Learn the conditions under Section 2(33) of the CGST Act, contract duration rules, periodic payment requirements, invoicing under Section 31(5) and key compliance risks for businesses.
06 March 2026
1290 Views
Union Budget 2026 proposes key changes to the ITR-U (Updated Return) framework under the Income-tax Act, 1961, allowing reduction of losses, permitting filing after Section 148 notices, introducing an additional 10% levy, and granting penalty protection under Section 270A.
UPI rules for 2026 explained: ₹1 lakh daily limit for most users, ₹5 lakh for select payments, ₹5,000 cap for new users, plus new ATM withdrawal charges and enhanced security rules effective April 1, 2026.
GST implications of reimbursement received on cancellation of an export order explained. Analysis of whether such compensation qualifies as supply under Section 7 of the CGST Act, applicability of Schedule II (tolerating an act), and why it may not be taxable or treated as export of service under GST law.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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