CAclubindia Articles

Empowering Progress: The Unsung Role of Accounting in the Power Sector

Posted by Sanket 09 February 2026 228 Views

Accounting is the silent backbone of the power sector, ensuring financial integrity, compliance, fund management, and smooth operations from generation to distribution.

Payment for Background screening and Investigation Services is neither Fees for Technical Services (FTS) nor Royalty

Posted by Vivek Jalan 09 February 2026 105 Views

ITAT Delhi rules that payments for background screening services are neither royalty nor FTS, as they do not involve the use of copyright or 'make available' technical knowledge.

Discounts and Incentives are not Unexplainable Cash Credits

Posted by Vivek Jalan 09 February 2026 97 Views

ITAT Chennai holds that discounts and incentives credited in books and linked to business activity cannot be treated as unexplained cash credits under Section 68 or taxed under Section 115BBE.

Revised Return Due Date Extension

Posted by Chaitra Seetharam 07 February 2026 5813 Views

Income-tax Act proposes more time to revise returns, balancing flexibility with accountability. By extending the deadline, the law aims to improve voluntary compliance without reopening completed assessments.

Foreign Assets Disclosure Gets A Fresh Window Under Finance Bill, 2026 - Concluding Part II

Posted by Raj Jaggi

07 February 2026 255 Views

An in-depth analysis of FAST-DS 2026 Clauses 120-128, highlighting administrative safeguards, settlement finality, immunity provisions, and the shift toward disciplined voluntary compliance.

Business GST Registration Guide: A Practical Field Manual

Posted by LegalDev 07 February 2026 211 Views

Learn the messy reality of GST registration for businesses, from document pitfalls to Aadhaar authentication, ITC benefits, officer queries and post-registration compliance.

Systematic Withdrawal Plan (SWP): The Art Of Making Retirement Savings Last A Lifetime: Part 1

Posted by Raj Jaggi

06 February 2026 139 Views

A thoughtful exploration of retirement’s silent shift from earning to sustaining income, highlighting emotional challenges, SWP strategies, and long-term financial security.

Foreign Assets Disclosure Gets A Fresh Window Under Finance Bill, 2026: Part I

Posted by Raj Jaggi

06 February 2026 1046 Views

Detailed overview of India's foreign asset compliance architecture, including Black Money Act, AEOI insights, and the proposed FAST-DS 2026 disclosure scheme.

Online Condonation of Delay for Form 9A, Form 10, Form 10B & Form 10BB: Portal Process, Rules and Key Pitfalls

Posted by CA Varun Gupta

06 February 2026 1010 Views

The Income-tax Department has enabled an online Condonation Request module for statutory forms like Form 9A, 10, 10B and 10BB. This guide explains the legal framework, step-by-step portal process, authority limits, documentation checklist and key reasons applications get rejected.