Priya Sharma

GST notices are a regular part of compliance, but many taxpayers panic because they don’t understand what each notice means. In reality, most notices can be handled smoothly if addressed on time.

ICAI's Business Accounting Associate (BAA) certificate has four official eligibility conditions plus an online application and fee. This article breaks down each condition with ICAI source citations, the ₹500 Indian fee, and the edge cases ICAI has not clarified as of April 2026.

CAAS moves Supreme Court over ITAT vacancies and rising pendency. With 44,776 appeals pending nationwide and Surat bench at 2,026 cases—3x average—urgent action on member appointments and bench capacity is sought.

ICAI launches BAA Certificate for CA Intermediate students, offering formal recognition after clearing both groups. This boosts job opportunities, validates articleship experience, and allows students to continue CA Final alongside professional growth.

From 1 April 2026, the Income-tax Act, 2025 replaces the twin previous year / assessment year convention with a single Tax Year label — TY 2026-27 covers 1 April 2026 to 31 March 2027. Income up to 31 March 2026 stays under the 1961 Act as AY 2026-27; later income moves to the new Act.

With the Income Tax Act 2025 taking effect from FY 2026-27, cross-year transactions create TDS timing complexity. This article covers 5 common scenarios and clarifies which Act governs TDS in each case.

From 1 April 2026, CBDT has extended the 50% HRA exemption ceiling to Bengaluru, Pune, Hyderabad and Ahmedabad, joining Mumbai, Delhi, Kolkata and Chennai. Applies only under the old tax regime and benefits salaried employees whose HRA is constrained by the city-percentage limb.

CBDT notified ITR-1 to ITR-7 for AY 2026-27 by Gazette dated 30 March 2026. ITR-1 (Sahaj) now allows two house properties and a rent-not-realisable line under Section 25A. ITR-2/3 retain the 23 July 2024 capital gains split; regime opt-in disclosure under 115BAC(6) is clearer.

From 1st April 2026, individuals and HUFs exceeding turnover thresholds of Rs 50 Lakh (profession), Rs 1 Crore (business), or Rs 10 Crore (194Q goods) during FY 2025-26 must deduct TDS. Covers applicable sections, rates, practical examples, and penalties.

Section 17(5) of the CGST Act blocks ITC on motor vehicles, food, health services, insurance, and more. Know what you cannot claim.