CAclubindia Articles

The Buyback Tax Reset: Navigating the "Promoter Penalty" and the New Capital Gains Framework

Posted by Affluence Advisory 20 April 2026 213 Views

Union Budget 2026 reshapes dividend vs buyback decisions with a shift to capital gains taxation, introducing promoter penalties and forcing boards to adopt strategic, tax-efficient capital distribution models.

Section 378 of Income Tax Act, 2025: Complete Guide on Revision of Other Orders & Assessee Relief

Posted by CA Varun Gupta

20 April 2026 1389 Views

A detailed guide to Section 378 of the Income-tax Act, 2025 and its linkage with Section 264 of the 1961 Act. Understand assessee-friendly revision, key differences with Section 377, time limits, appeal restrictions, and when to use this beneficial remedy for tax relief and corrections.

Notice Under Sections 263 and 377 of the Income Tax Act: Reply, Remedies and Mitigation

Posted by CA Varun Gupta

18 April 2026 1258 Views

A comprehensive analysis of Section 263 of the Income-tax Act, 1961 and Section 377 of the Income-tax Act, 2025, explaining revisional powers, jurisdictional tests, limitation, remedies and transition rules for orders prejudicial to the Revenue.

Taxability of Loan Waiver Explained: Interest vs Principal Treatment in Income Tax

Posted by Vivek Jalan 18 April 2026 266 Views

Understand the taxability of loan waiver in India, including interest and principal components. Learn how courts interpret capital vs revenue receipts with key rulings like Mahindra & Mahindra and TV Sundaram Iyengar, and the importance of the purpose test.

From Generalist To Specialist: Why Depth Defines Success in GST Practice

Posted by Raj Jaggi

17 April 2026 238 Views

Explore how professional excellence is evolving from general practice to deep specialisation, highlighting the growing importance of GST expertise, advisory roles and focused learning in today's complex regulatory landscape.

Savings Bank Account Limit As Per New Income Tax Rules 2026

Posted by Poojitha Raam Vinay

17 April 2026 400659 Views

Stay compliant with the new Income Tax framework for 2026. Learn how the revised Rs 10 lakh annual cash deposit limit, updated PAN requirements, SFT reporting rules, and TDS provisions impact your savings account transactions, cash handling, and tax filings in India.

How RBI Plans to Stop Digital Fraud in India with New Rule 2026?

Posted by Mitali 17 April 2026 1402 Views

RBI's April 9, 2026 discussion paper proposes major UPI safeguards, including a 1-hour lag for high-value P2P transfers, trusted-person authentication, a Rs 25 lakh annual credit cap, and a kill switch, aimed at curbing digital payment fraud.

Strike-Off of a Section 8 Company: Not As Straightforward As It Seems

Posted by CS Divesh Goyal 17 April 2026 258 Views

Closing a Section 8 Company isn’t straightforward. Explore legal routes, compliance steps, and key risks under the Companies Act, 2013 and IBC, 2016 for proper dissolution.

Corporate Laws (Amendment) Bill 2026: CFOs & Directors Face Increased Accountability on Cost Audit

Posted by CMA Navneet Kr Jain 17 April 2026 4020 Views

Explore the key amendments to Section 148 under the Corporate Laws (Amendment) Bill 2026, highlighting increased accountability for CFOs, MDs, and WTDs in cost records and audit, introduction of cost accounting standards, and enhanced governance over cost data for better policy decision-making.

DIN Defect in Income Tax Orders after CBDT Circular No. 4/2026: Section 292BA, Retrospective Amendment and Assessee's Grounds of Appeal

Posted by CA Varun Gupta

17 April 2026 492 Views

CBDT Circular 4/2026 revises the DIN framework in income-tax communications, introducing section 292BA with retrospective effect. This article analyses key changes, limitations, and continuing litigation opportunities for taxpayers.