CAclubindia Articles

Section 69A Explained: SC Rules Bitumen Cannot Be Treated as a Valuable Article for Tax Additions

Posted by Vivek Jalan 01 June 2026 32 Views

The Supreme Court in the D.N. Singh case held that bitumen cannot be treated as a "valuable article" under Section 69A of the Income Tax Act. The judgment clarifies that only high-priced articles commanding a premium value qualify for tax additions under the provision, significantly limiting its scope.

31 May 2026 GST Alert: One Mistake Could Cost You 18% Tax Instead of 1%

Posted by Niyati 30 May 2026 2535 Views

GST taxpayers must stay alert: one compliance lapse could trigger an 18% tax rate instead of 1%, leading to major financial consequences.

Transfer Of Leasehold Rights Outside The Ambit Of GST: The Continuing Relevance Of Benefits Arising Out Of Land

Posted by Raj Jaggi

30 May 2026 120 Views

When GST Reached the Doorstep of Property LawThe introduction of the Goods and Services Tax marked one of the most ambitious indirect tax reforms in India. The ...

US CPA vs CA India 2026 - Which is Better for Your Finance Career?

Posted by Simandhar Education 30 May 2026 146 Views

US CPA vs CA in India: Compare salary, difficulty, duration, career scope, Big 4 opportunities and global recognition to choose the right qualification.

Form 16 vs Form 130: Key Differences Every Employer and Employee Should Know

Posted by Pranab Banerjee

30 May 2026 295 Views

Form 16 is replaced by Form 130 from FY 2026-27 under the new Income Tax Act, 2025. Know key differences, issue dates, TRACES rules and what employers must do for FY 2025-26 compliance.

Section 206C(1G): How TCS Applies on Foreign Credit Card Spends

Posted by Vivek Jalan 30 May 2026 177 Views

TCS on foreign remittances and international credit card spends under LRS changed from 1 July 2023. Know Section 206C(1G), 20% TCS applicability, ₹7 lakh exemption, and latest rules.

Senior Citizen Tax Benefits for FY 2026-27: Save Big on Your Income

Posted by Ishwarya Keerthi B 29 May 2026 5053 Views

Understand the Key Income Tax Benefits Available to Senior Citizens for FY 2026–27. From higher exemption limits and pension deductions to medical expense relief and interest income benefits, senior and super senior citizens can significantly reduce their tax burden through proper tax planning and smart regime selection.

Senior Citizens Can Earn More Than Bank FD: This Government Scheme Is Trending in 2026

Posted by Mitali 29 May 2026 9448 Views

Know how to earn better returns than bank FD with this trending government-backed retirement investment in 2026. Check the eligibility, maturity rules and effective return strategy.

When employee welfare becomes a GST Controversy: The evolving law of perquisites under GST

Posted by Raj Jaggi

29 May 2026 189 Views

When Modern Employment Crossed the Boundaries of SalaryThe traditional employer-employee relationship was once viewed in relatively simple terms. An employee re...

RCM under GST: Key Compliance Developments and ITC Implications for FY 2026-27

Posted by RAKESH K 29 May 2026 7367 Views

Understand the latest rules, compliance requirements, ITC implications, and major risk areas under RCM in GST. Learn about GTA, sponsorship, import of services, renting transactions, Rule 37/37A, GSTR-2B reconciliation and system-driven GST compliance to avoid notices and ITC disputes.