CAclubindia Articles
Senior Citizen Aged 60 to 80 or Above Must Know These New Tax Rules: Started From April 2026
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
02 April 2026
213 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
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?
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
01 April 2026
937 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
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.
Important Things to Remember This March Ending 2026!
A practical guide for taxpayers before March 31, 2026, covering ITR-U filing, tax-saving investments, TDS/TCS compliance, GST reconciliation and year-end financial checks to ensure a smooth transition into AY 2026-27.
No TDS, No Tax on Fixed Deposit: Strategy to Make FD Income Completely Tax-Free
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
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
30 March 2026
931 Views
GST on arbitration awards isn't straightforward. Taxability hinges on whether payments are consideration or compensation. AAR clarifies key distinctions and GST implications.
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