CAclubindia Articles

Understanding Trusts Under Indian Law: A Simple Guide to Private and Public Trusts for General Awareness

Posted by Ashok Kakkar 08 July 2026 81 Views

Understand the concept of trusts in India, including private and public trusts, roles of settlor, trustee and beneficiary, trust creation, governance, legal compliance, taxation and key responsibilities under trust law.

ITR-3 for FY 2025-26 (AY 2026-27): Applicability, Pre-Filing Verification and Due Dates

Posted by CA. Keshav Kumar 08 July 2026 5773 Views

ITR-3 for AY 2026-27: Know who must file, revised due dates, key changes in the form, compliance checklist, audit requirements, regime selection rules, and consequences of missing the filing deadline under the Income-tax Act, 1961.

Which ITR Form Is Yours This Year? Five People, Five Answers (AY 2026-27)

Posted by CA Tirumalesh 08 July 2026 141 Views

Confused about which ITR form to file for AY 2026-27? Learn through real-life taxpayer examples how capital gains, rental income, F&O trading, freelancing, foreign assets, and new ITR-1 rules can affect your ITR selection and help you avoid defective return notices under Section 139(9).

87A Rebate For AY 2026-27: Stop Overpaying Income Tax By Using These Steps

Posted by Poojitha Raam Vinay

07 July 2026 2199 Views

Section 87A rebate for AY 2026-27 explained: Get zero tax on income up to Rs 12 lakh (Rs 12.75 lakh for salaried taxpayers), eligibility rules, capital gains impact, marginal relief and how to claim the rebate while filing your ITR.

Centralised Procurement Services On Own Account Are Not Intermediary: GSTAT

Posted by Raj Jaggi 07 July 2026 164 Views

GSTAT Delhi's Dow Chemical ruling clarifies that own-account procurement services by a group entity are not intermediary services under GST. Learn the key principles on import of services, reverse charge liability, refund claims, and cross-border GST classification.

Understanding NPAs: Why Asset Classification Is the Real Backbone of Prudent Banking

Posted by Ashok Kakkar 07 July 2026 106 Views

Understand how loan accounts transition from Standard Assets to SMA and NPA classifications. Learn the role of early warning signals, asset classification, provisioning, and credit monitoring in managing banking risks for bankers, borrowers, CAs and finance professionals.

Registration of CSR Implementing Agencies: A Complete Guide to Form CSR-1

Posted by Priyanshi Garg 07 July 2026 167 Views

Learn Form CSR-1 registration requirements for NGOs, trusts, societies, and Section 8 companies, including eligibility, 2025 amendments, filing process, documents and CSR compliance due diligence under the Companies Act, 2013.

Salaried? Know Your Deductions, Rebates & the Zero-Tax Income Limit!

Posted by CA Umesh Sharma 07 July 2026 999 Views

Learn how salaried taxpayers can achieve zero tax liability, claim standard deduction, Section 87A rebate, marginal relief, and choose between old vs new tax regime.

Section 74 Notices: Low Threshold, High Responsibility

Posted by Raj Jaggi 06 July 2026 1640 Views

Can GST authorities invoke Section 74 based on suspicion alone? The Madras High Court in M/s Fastenex Pvt. Ltd. v. State Tax Officer clarifies that fraud, wilful misstatement, or suppression of facts must be supported by traceable material, while reaffirming the importance of reasoned notices, natural justice, and taxpayer responses under the GST framework.

Beyond Financial Statements: Understanding CMA Data and Working Capital Assessment-A Practical Guide from a Banker's Perspective

Posted by Ashok Kakkar 06 July 2026 110 Views

Learn what CMA Data is, why banks require it for working capital finance, its key components, and how it helps assess business viability, cash flow, repayment capacity, and financial health for informed lending decisions.