CAclubindia Articles

How to Conduct Risk Assessment for Audits Like a Pro

Posted by CA Tushar Makkar 16 January 2026 148 Views

Audit risk assessment explained with Indian examples under SA 315 (ICAI). Learn inherent, control and detection risks, practical audit steps, common mistakes and how CA articleship students can identify fraud and errors effectively.

Engagement of Limited Liability Partnerships in NBFC Activities: Current Legal Landscape in India

Posted by Affluence Advisory 16 January 2026 141 Views

Can LLPs operate as NBFCs in India? This article examines the regulatory mismatch between the LLP Act and RBI framework, explains why LLPs are excluded from NBFC registration, RBI’s position, and the way forward for entrepreneurs entering the financial services sector.

CRS and FATCA: Enhancing Tax Transparency on Foreign Assets & Income

Posted by Mitali 15 January 2026 0 Views

CRS and FATCA are global frameworks which aim to enhance international tax compliance through data exchange.

ATM Withdrawal Limit in India For The Year 2026

Posted by Poojitha Raam Vinay

15 January 2026 2637 Views

Latest daily ATM withdrawal limits for major Indian banks for the year 2026. Check today confirm your limit and withdraw hassle-free.

Section 186(11) of Companies Act, 2013

Posted by Affluence Advisory 15 January 2026 192 Views

MCA's Companies (Meetings of Board and its Powers) Amendment Rules, 2025 clarify Section 186(11) of the Companies Act, 2013, granting NBFCs and IFSCA finance companies exemption from Board and shareholder approvals for loans, guarantees, securities and investments made in the ordinary course of business.

Latest Central Excise Developments: A Practical Analysis of Notifications dtd 31st Dec 2025

Posted by Raj Jaggi

15 January 2026 407 Views

From 1 February 2026, the government revives capacity-based central excise on gutkha and chewing tobacco, signalling the failure of valuation-based taxation

ROC Penalizes for Clerical Error in Annual Return Filing: Key Compliance Lesson Under Companies Act, 2013

Posted by CS Mayur Mazumdar 15 January 2026 907 Views

ROC Delhi imposed penalties on Panacea Life Sciences Ltd and its directors for failing to disclose a director’s change in designation in MGT-7. The adjudication highlights strict MCA enforcement, applicability of Sections 92, 450 and 446B, and the risks of even clerical compliance lapses under the Companies Act, 2013.

RSUs & ITR Filing: Practical Pointers Every Tax Professional Should Know

Posted by CA Aishwariya K Rajagopal 14 January 2026 240 Views

Restricted Stock Units (RSUs) involve complex tax and compliance issues covering salary taxation, capital gains, and foreign asset disclosure. This article explains common RSU tax challenges, documentation requirements, cost of acquisition, Schedule FA reporting, and clears misconceptions around sell-to-cover and double taxation.

Section 10(10AA) Explained: Claiming Refund of Leave Encashment Tax Paid Before 1st April 2023

Posted by CA Varun Gupta

14 January 2026 1930 Views

Bank employees and PSU retirees can claim up to Rs 25 lakh tax exemption on leave encashment under Section 10(10AA). This article explains the revised limit, CBDT notifications, judicial views for pre-01.04.2023 cases, and practical refund options such as rectification, appeal, and condonation.

Bank Account Limits in India 2026: Rules Decoded

Posted by Mitali 13 January 2026 13200 Views

Bank Limits 2026: Avoid 2026 tax notices! Savings, Current cash rules, TDS, Foreign or domestic reporting, digital limits. Stay penalty-free with this full breakdown!