CAclubindia Articles

Budget 2026 Crypto Reporting Rules Explained: Section 509 & New Section 446 Penalty Impact

Posted by CA Varun Gupta

18 March 2026 200 Views

Budget 2026 introduces a Rs 200/day and Rs 50,000 penalty for non-furnishing or inaccurate crypto transaction reporting under Section 509 of the Income-tax Act, 2025, strengthening compliance and increasing scrutiny on taxpayers' crypto disclosures.

No LPG Without Aadhaar Verification: Know How To Do with Latest Clarification

Posted by Mitali 17 March 2026 897 Views

LPG users please note! Aadhaar-based e-KYC is now mandatory, you must complete it soon or may risk of losing gas subsidy and services.

From Rs 1000 to Rs 25,000 w.e.f April 2026: Penalty for Failing to Provide Business Information with Tax Officers

Posted by Chaitra Seetharam 17 March 2026 12935 Views

Big change in Income-tax Act 2025: Higher penalties introduced for failure to furnish information under Section 254.

Rules 9A & 14A: When The GST Portal Approves The Taxpayer

Posted by Raj Jaggi

17 March 2026 337 Views

GST Rules 9A and 14A, introduced via Notification No. 18/2025-Central Tax, bring automated GST registration and simplified registration for small taxpayers, marking a major step in India’s technology-driven tax administration.

The Corporate Gudi: Opportunity to File Pending ROC Forms

Posted by CA Umesh Sharma 17 March 2026 1227 Views

Learn about the Companies Compliance Facilitation Scheme 2026 (CCFS-2026), allowing companies to clear pending MCA filings with reduced fees and avoid heavy penalties from April 15 to July 15, 2026.

Can a Completed Bank Auction Be Reopened or Challenged?

Posted by CA. Rohit Porwal 17 March 2026 367 Views

The Om Sakthi Sekar v. V. Sukumar ruling clarifies that even confirmed DRT auction sales may be reviewed by courts on valuation concerns, highlighting key implications for banks, borrowers, and auction property buyers.

When The Contractor Changes But The Advance Remains: A GST Perspective On Contract Novation

Posted by Raj Jaggi

16 March 2026 184 Views

When a mobilisation advance is taxed under GST but the contract is later novated to another entity before services begin, the original contractor must reverse the transaction by issuing a refund voucher and claim a GST refund. Learn the correct tax treatment and compliance steps in such cases.

Critical Analysis of the Amendments to the GST Act as per the Budget 2026-27

Posted by Hrishikesh H 16 March 2026 385 Views

Analysis of key GST amendments under the Finance Bill 2026, covering changes to Sections 15(3), 34, and 54 of the CGST Act and Section 13(8) of the IGST Act, focusing on discounts, refund mechanisms, and intermediary services.

TDS on Fixed Deposit Interest 2026: How To Save Tax?

Posted by Poojitha Raam Vinay

16 March 2026 69893 Views

Form 121 to replace Forms 15G and 15H from April 1, 2026. Learn how the new unified declaration helps taxpayers avoid or reduce TDS on Fixed Deposit interest and improve cash flow.

A Revised Contract Value, A Cancelled GST Registration, And The Debit Note Puzzle

Posted by Raj Jaggi

16 March 2026 229 Views

When contract values are revised after arbitration but the original GST registration is cancelled, issuing a debit note becomes complex. Explore how Section 142(2A), Section 25, and Section 34 of the CGST Act determine who can legally issue the debit note and why re-registration may be required to maintain the GST compliance trail.