CAclubindia Articles

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

11 August 2026 23697 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.

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

Posted by Poojitha Raam Vinay

11 August 2026 2009 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.

Income Tax Audit Last Date For The AY 2026-27

Posted by Chaitra Seetharam 11 August 2026 25722 Views

Tax Audit AY 2026-27: Know Section 44AB applicability, audit report due dates, Form 3CA/3CB/3CD filing deadlines, penalties under Section 271B, and valid grounds for penalty waiver before September 30, 2026.

GST Appeal Time-Bar Cannot Always Bury a Business

Posted by Raj Jaggi 11 August 2026 29 Views

The Himachal Pradesh High Court ruled that while GST appeals filed beyond the limitation period under Section 107 cannot be entertained by appellate authorities, constitutional courts may grant equitable relief in deserving cases.

The Cost of Reconciliation

Posted by Karthik Ganeshan 11 August 2026 27 Views

Reconciliation is a vital financial control, but recurring reconciliations may signal deeper process issues. Explore when reconciliation validates accuracy and when it masks inefficiencies, system gaps and operational dependencies.

SEBI Just Made the Merchant Banker Optional in Buybacks and Quietly Handed CAs a Bigger Job

Posted by Priyanshi Garg 11 August 2026 27 Views

SEBI Buyback Amendment Regulations, 2026 introduce Regulation 24A, making Merchant Banker appointment optional. Learn the new responsibilities of statutory auditors, company secretaries, compliance officers, and listed companies in buyback transactions.

Which Business Expenses are Allowed and Which are Disallowed while Filing ITR?

Posted by CA Umesh Sharma 11 August 2026 366 Views

Know which business expenses are allowed and disallowed under Income Tax law. Learn about TDS, cash payment limits, depreciation, personal expenses, compliance rules, and common mistakes that can increase tax liability.

How to Check TAN Allotment Date Online?

Posted by Mitali 10 August 2026 1158 Views

Learn what TAN (Tax Deduction and Collection Account Number) is, who needs it, its structure, penalties for non-compliance, and how to find your TAN allotment date through the allotment letter, Know Your TAN facility or application acknowledgement.

Rule 88C First, Garnishee Action Later

Posted by Raj Jaggi 10 August 2026 100 Views

Can GST authorities issue a garnishee notice for GSTR-1 vs GSTR-3B mismatches without first issuing DRC-01B? The Telangana High Court in P.R. Productions held that Rule 88C is mandatory and recovery under Section 79 cannot bypass the taxpayer’s right to explain or reconcile the mismatch.

Business Loan Default: Understanding the Guarantor's Liability and SARFAESI

Posted by Ashok Kakkar 10 August 2026 47 Views

Understand NPA classification, guarantor liability, and SARFAESI enforcement in simple terms. Learn when banks can proceed against guarantors, the difference between a personal guarantee and a mortgage, key SARFAESI stages, and practical recovery considerations for lenders, borrowers, and guarantors.