CAclubindia Articles

Company First, Director Next: The Rule for GST Prosecution

Posted by Raj Jaggi 07 August 2026 23 Views

Can a GST Director be prosecuted without making the company an accused? The Punjab & Haryana High Court in Manoj Bansal v. DGGI held that vicarious liability under Section 137 CGST Act requires arraigning the company first, reinforcing strict compliance with GST prosecution law.

The Rs 1 Crore Question: Do You Need a Tax Audit This Year

Posted by Ishwin Kaur 07 August 2026 34 Views

Learn what a Tax Audit under Section 44AB is, who must undergo it for FY 2025-26 (AY 2026-27), key Form 3CD clauses, audit thresholds, penalties, due dates, and practical compliance insights.

Think Like a Banker Before You Apply for a Business Loan

Posted by Ashok Kakkar 07 August 2026 16 Views

Discover how bankers evaluate business loan proposals, the 7 key questions they ask, common loan application mistakes, and practical tips to improve your chances of faster loan approval.

AO Cannot Make Ad-Hoc Disallowances Without Evidence: Key Income Tax Ruling Explained

Posted by Vivek Jalan 07 August 2026 16 Views

ITAT rulings clarify that AOs cannot make ad hoc expense disallowances without evidence, while taxpayers must prove business purpose and commercial expediency for claiming deductions under the Income Tax Act.

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

Posted by Ishwarya Keerthi B 06 August 2026 5068 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 92 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 5779 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 106503 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 70 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.