CAclubindia Articles

Post Office Monthly Income Scheme For Senior Citizens 2026: Latest Interest Rate With Tax Implications

Posted by Ishwarya Keerthi B 06 August 2026 3335 Views

Explore the Post Office Monthly Income Scheme (POMIS) for Senior Citizens in 2026. Know the latest 7.4% interest rate, investment limits, monthly income, tax rules, eligibility and key benefits.

What is FPI in Income Tax? Complete Guide to Foreign Portfolio Investor Taxation in India (2026)

Posted by CA Umesh Kumar Jethani 06 August 2026 77 Views

Learn what FPI in Income Tax means, tax rates for Foreign Portfolio Investors in India, Section 115AD provisions, capital gains taxation, DTAA benefits, dividend taxation, compliance requirements and key differences between FPI and FDI in 2026.

Upgrade Your CAclubindia Experience with CCI Pro: Ad-Free Browsing & Exclusive Benefits!

Posted by CCI Team 06 August 2026 2105 Views

Go AD-Free with CAclubindia Pro! The CCI Pro subscription offers a premium, ad-free experience designed specifically for Finance Professionals.

TDS on Commission For FY 2026-27: Latest Rules, Rates and Threshold Limits with Different Sections

Posted by Chaitra Seetharam 06 August 2026 3437 Views

Know the latest TDS on commission rules for FY 2026-27 under the Income Tax Act, 2025. Check 2% TDS rates, ₹20,000 threshold, Section 393(1), due dates, exemptions, GST treatment, and compliance requirements.

SBI 444-day FD 2026: Earn More Than Regular FD in a Short Duration

Posted by Chaitra Seetharam 06 August 2026 105767 Views

SBI Amrit Vrishti 444-Day FD offers up to 7.05% interest for super senior citizens. Check latest interest rates, eligibility, premature withdrawal rules, taxation and benefits before investing.

Accounts Can Raise Questions, but Law Alone Creates Taxability

Posted by Raj Jaggi 06 August 2026 61 Views

Can income reflected in accounts be taxed automatically? Explore the Supreme Court's ruling that accounting entries may raise suspicion, but taxability arises only when supported by a specific legal provision under the Income-tax Act.

Seafarer Salary Taxability in India: NRI Status, 182-Day Rule, NRE Account and IFSC Employer

Posted by CA Varun Gupta 06 August 2026 432 Views

Is seafarer salary taxable in India for AY 2026-27? Learn how residential status, CDC rules, NRE account credits, foreign-going ship services, paid leave and CBDT Circular 13/2017 determine the taxability of seafarers' income under Indian tax law.

Supreme Court on Section 153C: Substance Over Technicalities in Income Tax Proceedings

Posted by Vivek Jalan 06 August 2026 536 Views

The Supreme Court's ruling in ITO vs. Vikram Sujitkumar Bhatia clarifies the scope of Section 153C, emphasizing legislative intent over technical objections and strengthening the Revenue's power to act on incriminating material found during searches.

Can One Person Hold Two KMP Positions in the Same Company?

Posted by Kalidas Ramaswami 05 August 2026 277 Views

Can the same individual hold two KMP positions in a company? An in-depth analysis of the ROC Gwalior order in EKI Energy Services Ltd., Section 203 of the Companies Act, 2013, legislative intent, legal interpretation, and implications for corporate governance and compliance.

Penalty For Late Filing Of Income Tax Return For AY 2026-27

Posted by Ishwarya Keerthi B 05 August 2026 24566 Views

Missed the ITR filing deadline for AY 2026-27? Learn about late filing fees under Section 234F, interest under Section 234A, loss of tax benefits, delayed refunds, and belated return deadlines.