CAclubindia Articles

Bank Account Limits in India 2026: Rules Decoded

Posted by Mitali 13 January 2026 13205 Views

Bank Limits 2026: Avoid 2026 tax notices! Savings, Current cash rules, TDS, Foreign or domestic reporting, digital limits. Stay penalty-free with this full breakdown!

Union Budget 2026 Date: Will It Be On Sunday Or Monday? Final Timeline with Major Events

Posted by Chaitra Seetharam 13 January 2026 465 Views

Union Budget 2026 will be presented on Sunday, February 1, 2026, outlining India’s roadmap for inclusive growth, tax reforms, MSMEs, agriculture, and employment under the vision of Sabka Vikas toward Viksit Bharat 2047.

Powering Hospitality: ITC On Independent Feeder Infrastructure

Posted by Raj Jaggi

13 January 2026 168 Views

Electricity is a core service enabler in hotels, not mere infrastructure. This article explains why GST ITC on independent feeder lines qualifies as plant and machinery under Sections 16 and 17 of the CGST Act, supported by statutory definitions, judicial reasoning, and business reality.

Kite fight between Taxpayer and Department

Posted by CA Umesh Sharma 13 January 2026 466 Views

A thought-provoking fictional dialogue between Arjuna and Krishna using Makar Sankranti kite-flying metaphors to explain GST technology controls, GST 2.0, MSME reforms, and Income Tax compliance, highlighting why taxpayers must fly high but within the law.

Standard Deduction on Salary: Latest Updates for FY 2024-25

Posted by Poojitha Raam Vinay

13 January 2026 13 Views

The standard deduction is provided to offer relief to salaried individuals from the tax burden. Check how much of amount is applicable?

ITR Validation Error Solved by Fixing ‘Type of Account’

Posted by Mitali 12 January 2026 30 Views

Fix ITR error “Select the type of account” by re-validating bank details and update mismatched email, mobile, or PAN info.

MCA Introduces "Small Company" Status in Master Data: Key Compliance Implications Explained

Posted by CS Divesh Goyal 12 January 2026 443 Views

MCA introduces "Small Company" status in master data, bringing structural reforms with significant compliance, reporting, and regulatory implications.

FAQs: How to draft a Reply to the Examination Report, its Timeline and How to file it

Posted by Nitin kumar kaushik 12 January 2026 985 Views

Comprehensive guide on Trademark Examination Reports - application flow, formality checks, timelines, objections under Sections 9 & 11, replies, deadlines, condonation, affidavits of use, expedite options and draft reply formats with case laws.