CAclubindia Articles
Liquidation Is Not a GST Recovery Firewall for Directors
The Madras High Court clarifies that GST recovery does not end with a company's liquidation. Under Section 88(3) of the CGST Act, directors serving during the default period may face personal liability for unpaid GST dues, subject to proving absence of neglect or misconduct before the Commissioner.
Crypto Futures Tax in India: How Speculative Treatment Can Reduce Tax
Learn how crypto perpetual futures (BTCUSDT, ETHUSDT, SOLUSDT) may qualify as speculative business income instead of being taxed under Section 115BBH.
Law Without Justice: GST Enforcement against small mining lease holders in India
Explore how delayed Supreme Court rulings, retrospective royalty taxation, consolidated GST notices, Section 74 misuse, and procedural lapses impact taxpayer rights in India.
Revocation Restores Registration, Not Time-Barred ITC
Madras High Court in Venus Infra Projects clarifies that Section 16(6) CGST Act offers relief only for ITC that was valid on the date of GST registration cancellation. Revocation restores registration, but cannot revive time-barred ITC already restricted under Section 16(4).
Practicing CAs, CSs & CMAs Under PMLA Scanner: Key Compliance Implications Explained
PMLA Notification 2023 brings practicing CAs, CSs, and CMAs under anti-money laundering compliance for specified client transactions. Know the reporting obligations, due diligence requirements and professional implications.
Individual Income Tax Return Filing Due Dates for FY 2025-26 (AY 2026-27)
Know the ITR filing due dates for FY 2025-26 (AY 2026-27), required documents, late filing penalties, interest, refund implications, and key benefits of filing your Income Tax Return on time.
AIS Income Tax Transactions: What to Report and What to Skip in AY 2026-27?
Every year, many taxpayers file their ITR solely from their Annual Information Statement but every entry in AIS may not be taxable. Similarly, several taxable t...
Section 44ADA of the Income Tax Act: Latest Rules and Questions Every Professional Asks
Section 44ADA for FY 2025-26: Know the eligibility, income limit, tax benefits, ITR filing rules and know answers to the most searched questions on presumptive taxation scheme.
Income Tax Slab for Senior Citizens Above 60 Years for AY 2026-27: With Deductions, Rebates and Examples
Understand income tax rules for senior citizens in AY 2026-27, including old vs new tax regime comparison, tax slabs, exemptions, deductions, rebates, advance tax relief, and key benefits for resident senior and super senior citizens.
CENVAT Credit Ends Where Securities Investment Begins
CESTAT in IFCI Ltd. rules that while own-account investment in securities is not a taxable service, CENVAT credit on common input services cannot be fully retained when used for both taxable activities and non-service investment operations
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