CAclubindia Articles

Expenditure on educational seminars by 'Charitable Institutions' related to the main object cannot be disallowed

Posted by Vivek Jalan 10 February 2026 170 Views

Chintan Shivirs serve as platforms for knowledge exchange through seminars and conferences. Learn how such educational activities align with Section 11 tax exemptions, key Supreme Court rulings and the limits on commercial receipts.

Breaking the Mold: Exciting Career Paths for CAs Beyond the Audit Room

Posted by OneShotCA 10 February 2026 316 Views

Think CA careers are limited to audit and tax? Think again. Explore high-growth career paths for Chartered Accountants from investment banking and fintech to consulting, wealth management and entrepreneurship.

Section 144C Time-Limit Finally Clarified: No More Litigation on Draft vs Final Assessment Deadlines

Posted by Poojitha Raam Vinay

09 February 2026 1711 Views

Finance Bill 2026 clarifies Section 144C time limits with retrospective amendments, settling the draft vs final assessment order controversy, DRP timelines, and applicability of Sections 153 & 153B.

Finance Bill 2026: Relief For Builders, Clarity For Homeowners And Expansion Of PAN Reporting Framework

Posted by Raj Jaggi

09 February 2026 569 Views

A detailed analysis of Finance Bill 2026 amendments explaining how continuity, clarity, and calibrated reforms under the Income-tax Act, 2025 strengthen taxpayer trust, compliance, and administrative stability in India’s evolving tax framework.

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 5814 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.