CAclubindia Articles

Advances Audit in Bank Branch - What the Regulations Say That Practice Often Misses

CA Pardeep Tayal 06 April 2026 at 09:00

A practical guide to bank branch audit of advances under RBI IRAC 2025 and ICAI Guidance Note 2026. Learn key NPA classification rules, CBS manipulation risks, provisioning triggers and critical audit red flags every auditor must check.

Understanding Transitional Provisions to Income Tax Act 2025 (ITA25) from Income Tax Act 1961 (ITA61)

Vivek Jalan 06 April 2026 at 09:00

A complete guide to the transition from the Income Tax Act, 1961 to the Income Tax Act, 2025 effective 1 April 2026. Understand key compliance changes, TDS/TCS timelines, return filing rules, carry-forward provisions and critical action points for taxpayers.

Public Provident Fund Scheme 2026: Turn 1.5 Lakh a Year into 66.58 Lakh

Mitali 04 April 2026 at 14:22

Build a secure, tax-free corpus with PPF, enjoy government-backed safety, 7.1% interest, ₹1.5 lakh yearly investment benefits and long-term wealth creation up to ₹66.58 lakh with compounding.

Fee Collection Vs Service Supply: A GST Conundrum

Raj Jaggi 04 April 2026 at 10:19

When centralised fee collection meets decentralised training, GST raises a key question, who is the real supplier? Explore supplier identification, invoicing and ITC implications in this practical analysis.

Calibrated Capital: Decoding India's FDI Policy Shift

Affluence Advisory 04 April 2026 at 09:38

India’s Press Note 2 (2026) revamps FDI rules for land-bordering countries, introducing a 10% beneficial ownership threshold, easing restrictions and enabling faster approvals while safeguarding national security.

Finalization of books under GST in March-April 2026 in light of Recent Developments

Vivek Jalan 04 April 2026 at 09:31

GST books closure for March-April 2026 gains critical importance with GST 2.0 implementation. Explore key compliance checks including vendor KYC, ITC reconciliation, credit notes, GST rates, POS rules and refund strategies in this practical guide.

Revised Late Payment Charges on SBI Credit Card From 1st May 2026

Arnavraj 03 April 2026 at 17:32

Starting from 1st May 2026, the Late Payment Charges on SBI Credit Card will going to be revised and cardholder are required to stay informed and manage your pa..

Major Relief in Tax on Unexplained Income: From Heavy Tax to a Balanced Approach

Chaitra Seetharam 03 April 2026 at 13:38

Finance Bill 2026 revamps taxation of unexplained income, cutting rates from 78% to ~39% while imposing stricter penalties up to 200%, promoting voluntary compliance and updated return benefits.

Section 87A Rebate and Agricultural Income: Resolving the Statutory Conflict Before the Utilities Do It for Us

Marimganti Tarun B.com,FCMA 03 April 2026 at 10:17

Does Section 87A rebate apply when agricultural income is involved? Explore the AY 2026-27 ambiguity on rebate eligibility under the new tax regime, partial integration rules and what taxpayers and professionals should do before ITR utilities are released.

Annual Compliance Calendar - April 2026

CS Divesh Goyal 03 April 2026 at 09:52

April 2026 Compliance Calendar covering GST, Income Tax, TDS, PF, ESI & Companies Act due dates. Stay compliant with all key filing deadlines in one place.