CAclubindia Articles
Expenditure on educational seminars by 'Charitable Institutions' related to the main object cannot be disallowed
Chintan Shivirs serve as platforms for knowledge exchange through seminars and conferences. Learn how such educational activities align with Section 11 tax exemptions, key Supreme Court rulings and the limits on commercial receipts.
Breaking the Mold: Exciting Career Paths for CAs Beyond the Audit Room
Think CA careers are limited to audit and tax? Think again. Explore high-growth career paths for Chartered Accountants from investment banking and fintech to consulting, wealth management and entrepreneurship.
Section 144C Time-Limit Finally Clarified: No More Litigation on Draft vs Final Assessment Deadlines
09 February 2026
1730 Views
Finance Bill 2026 clarifies Section 144C time limits with retrospective amendments, settling the draft vs final assessment order controversy, DRP timelines, and applicability of Sections 153 & 153B.
Finance Bill 2026: Relief For Builders, Clarity For Homeowners And Expansion Of PAN Reporting Framework
09 February 2026
569 Views
A detailed analysis of Finance Bill 2026 amendments explaining how continuity, clarity, and calibrated reforms under the Income-tax Act, 2025 strengthen taxpayer trust, compliance, and administrative stability in India’s evolving tax framework.
Empowering Progress: The Unsung Role of Accounting in the Power Sector
Accounting is the silent backbone of the power sector, ensuring financial integrity, compliance, fund management, and smooth operations from generation to distribution.
Payment for Background screening and Investigation Services is neither Fees for Technical Services (FTS) nor Royalty
ITAT Delhi rules that payments for background screening services are neither royalty nor FTS, as they do not involve the use of copyright or 'make available' technical knowledge.
Discounts and Incentives are not Unexplainable Cash Credits
ITAT Chennai holds that discounts and incentives credited in books and linked to business activity cannot be treated as unexplained cash credits under Section 68 or taxed under Section 115BBE.
Self Invoicing under RCM: Time Limit and Invoice Format
Self invoicing under RCM - the recipient of goods/services must generate invoice on behalf of the supplier as it is essential for ITC.
Marginal Relief in Income Tax For FY 2025-26
Marginal Relief in the Income Tax Act aims to reduces the tax burden when income slightly exceeds the threshold for higher tax rates.
CMA vs CA Audit Mandate Dispute: The Struggle for Audit Jurisdiction
CMA vs CA Audit Mandate Dispute - Know how this conflict involves not just legal interpretation but also issues of professional jurisdiction.
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