CAclubindia Articles

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

Posted by Kalidas Ramaswami 05 August 2026 6 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 21342 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.

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

Posted by Chaitra Seetharam 05 August 2026 96438 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.

Form 3CA, 3CB and 3CD: Know Which Tax Audit Report Applies to You for AY 2026-27

Posted by Poojitha Raam Vinay

05 August 2026 103 Views

Confused between Form 3CA and Form 3CB for AY 2026-27? Learn tax audit applicability, turnover limits, Form 3CD reporting, due dates, penalties and the upcoming shift to Form 26 under the Income Tax Act, 2025.

TDS Return Due Date For FY 2026-27: Updated As Per IT Act 2025

Posted by Ishwarya Keerthi B 05 August 2026 73758 Views

Comprehensive guide to TDS compliance for FY 2026-27 in India, covering due dates, return forms, applicability, penalties, interest rules and key updates.

Income Tax Audit Limit for AY 2026-27: Guide to Section 44AB, 44AD and 44ADA Thresholds

Posted by Poojitha Raam Vinay

05 August 2026 19998 Views

Income Tax Audit Limit AY 2026-27 explained: Section 44AB thresholds, 44AD & 44ADA presumptive taxation limits, tax audit due dates, penalties under Section 271B, and key applicability rules for businesses, professionals, and traders.

Export by Law, Not by Invoice Date

Posted by Raj Jaggi 05 August 2026 32 Views

Can intermediary services provided before 30 March 2026 qualify as exports after the omission of Section 13(8)(b) of the IGST Act? Understand the impact of invoice date, payment receipt, time of supply, export conditions, and IGST refund eligibility in transitional cases.

E*TRADE vs. Indian Tax Laws: Why Your "Long-Term" Shares May Be Short-Term Gains

Posted by efiletax

05 August 2026 27 Views

E*TRADE may classify foreign shares as long-term after 12 months, but Indian tax law requires a 24-month holding period for LTCG on foreign equities. Learn how to correctly report RSUs, ESPPs, and US stocks in ITR-2, avoid tax notices, and ensure accurate capital gains taxation.

MSME - The Silent Advantage Every Business Should Know

Posted by CA Anurag Sharma 05 August 2026 30 Views

Know the revised MSME classification effective from 1 April 2025, updated investment and turnover limits, key benefits of MSME registration, Section 43B(h) implications, payment timelines, and protections against delayed payments.

Section 92C(2): 5% Tolerance Benefit Available Even with a Single Comparable, Rules ITAT

Posted by Vivek Jalan 05 August 2026 16 Views

ITAT Kolkata rules that the benefit of the ±5% tolerance band under Section 92C(2) is available even when only one comparable remains in the transfer pricing analysis, provided the variation falls within the prescribed limit.