CAclubindia Articles

ICFR Implementation: Practical Challenges in Achieving Operating Effectiveness

SHAIK ZUNAIR 30 April 2026 at 17:54

A comprehensive analysis of Internal Financial Controls over Financial Reporting (ICFR) under the Companies Act, 2013. Explore key deficiencies, audit insights, ICAI guidance and practical strategies to strengthen control design and effectiveness.

New Tax Rules With Major Banking Updates: You Must Know These Changes in May 2026

Poojitha Raam Vinay 30 April 2026 at 13:20

New tax rules from April 2026 bring major updates in financial activities. If you have missed it in April, you must know these updates in May 2026 to stay compliant and avoid tax issues.

University Affiliation Under GST: Not A Supply, But A Statutory Function

Raj Jaggi 30 April 2026 at 10:56

Explore how the University of Mumbai v. Union of India & Others ruling redefines GST boundaries, holding that statutory, non-commercial functions like university affiliation cannot be taxed without a valid taxable event, reinforcing constitutional limits under Article 265.

Fractional Ownership Platforms (FOPs) and GST Products, Services, or Neither? A Critical Examination

Mohit Jain 30 April 2026 at 09:26

India's fractional ownership boom meets GST uncertainty - This article unpacks SM REIT taxation across each transaction layer, highlighting key risks, ITC reversal traps and unresolved legal grey areas demanding urgent CBIC clarity.

Why TDS Compliance Has an Auditability Problem And Why Nobody Is Talking About It

Shobhit Jain 30 April 2026 at 09:26

A Section 201 notice can expose gaps in your TDS compliance - ERPs record outcomes, not decisions. Discover why reconstructing "why" behind deductions is costly, and how capturing decision logic at payment time makes compliance provable, audit-ready and notice-proof.

Refunds Beyond Limitation: Reasserting Substantive Rights Under GST

Raj Jaggi 29 April 2026 at 11:12

Explore how refund jurisprudence under GST is evolving, as the Delhi High Court in Kanika Exports v. Union of India clarifies that limitation rules cannot override vested rights.

ESOP Tax Relief for Employees of Startup Registered Companies

Affluence Advisory 29 April 2026 at 09:11

Understand ESOP taxation in India with a clear breakdown of grant, vesting, exercise, and sale stages. Learn how tax deferral for DPIIT-recognized startups under Section 80-IAC reduces cash-flow burden and impacts employees compared to normal companies.

RSU Sale Proceeds & LRS: Understanding FEMA Position Post Updated Overseas Investment Rules

CA Aishwariya K Rajagopal 29 April 2026 at 09:02

Understand how RSU sale proceeds in foreign currency are treated under FEMA for Indian residents. This guide clarises why the Liberalised Remittance Scheme (LRS) does not apply, explains the distinction between remittance and realisation, and outlines key rules on overseas portfolio investment (OPI), reinvestment, repatriation, and tax compliance.

Filing Appeals Before GSTAT? Avoid These Critical Mistakes from a Landmark Case

Vivek Jalan 29 April 2026 at 09:01

GSTAT appeal filing explained: Key lessons from Manobendra Ghoshal case on jurisdiction errors, 20% pre-deposit, timelines, and essential strategies taxpayers must follow before Tribunal proceedings.

Structure vs. Flexibility: The unsettled law on consolidated show cause notices under GST

Raj Jaggi 28 April 2026 at 09:17

Explore whether GST permits a single show-cause notice for multiple financial years, the evolving High Court rulings, and how this legal debate could reshape limitation, jurisdiction, and procedural discipline under India’s GST framework.