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ICAI: Average CA Starting Package Is Rs. 12-13 Lakh, Not Rs. 3-5 Lakh — 64th Campus Placement Has More Jobs Than Candidates

TaxSocial Editorial Team
ICAI has rejected the 1 Finance report that claimed CA starting salaries are only Rs. 3-5 lakh. Secretary Jai Kumar Batra says the average qualified CA package is Rs. 12-13 lakh, international offers cross Rs. 50 lakh, and the 64th Campus Placement had 8,911 jobs for 5,834 candidates.

MCA Proposes Major Overhaul of Companies (Incorporation) Rules 2014 — 15 Key Changes You Must Know

TaxSocial Editorial Team
MCA has proposed a comprehensive overhaul of the Companies (Incorporation) Rules, 2014 via a draft notification dated 8th April 2026. Key changes include consolidation of forms into E-CHNG and E-CON, simplified OPC conversion, expanded DIN cap to 5 directors, optional EPFO/ESIC via AGILE-PRO-S

TDS on Sale of Property in India: Resident vs NRI Seller, Section 393(1) and 393(2) Mechanics Under the Income-tax Act, 2025

TaxSocial Editorial Team
TDS on property sale under the Income-tax Act, 2025: resident seller 1% TDS under Section 393(1) [Sl. 3(i)] above Rs 50 lakh; NRI seller TDS under Section 393(2) [Sl. 17] — no threshold, 12.5% LTCG / slab STCG plus surcharge. Form 141 replaces Form 26QB; Section 395 / Form 128 lower-TDS.

Crypto and VDA Tax in India for AY 2026-27: The 30% Flat Rate, 1% TDS, Schedule VDA in ITR, and the New Section 509 Reporting Regime from 1 April 2026

TaxSocial Editorial Team
Crypto and NFT gains are taxed at a flat 30% under Section 115BBH (Section 194 of IT Act 2025) — only cost of acquisition deductible, no loss set-off, no carry-forward. 1% TDS under 194S. Disclose in Schedule VDA. From 1 April 2026: exchanges report under Section 509; penalties under Section 446.

ITR e-Verification for AY 2026-27 — All Six Methods, the 30-Day Deadline, and What Happens If You Miss It

TaxSocial Editorial Team
ITR submitted is not ITR filed. You have 30 days from submission to e-Verify (CBDT Notif 5/2022) using one of six methods: Aadhaar OTP, net banking, bank-account EVC, demat-account EVC, ATM EVC, or physical ITR-V to CPC Bengaluru 560500 by speed post only (date of dispatch counts). Don't miss it.

Capital Gains Tax for AY 2026-27: STCG and LTCG on Shares and Mutual Funds, the Section 87A Rebate Trap, and How the Section 50AA Debt-MF Rule Bites

TaxSocial Editorial Team
Post-23 July 2024 capital gains regime: STCG on listed equity at 20% (Sec 111A), LTCG at 12.5% above Rs 1.25L (Sec 112A). Other assets at 12.5% no indexation (Sec 112) — but resident individuals/HUFs keep a transitional indexation choice on land/building acquired pre-23 July 2024.

Form 146 After the 18 August Remittance Drive: What the Certificate Says, What Rule 220 Requires, and the File a Remitter Has to Hand Over

Vijay R S
Vijay R S · Sep 1
The Income Tax Department is verifying 394 remitters and 36 professionals who signed Form 15CB. The same certificate is now Form 146 under Rule 220 of the Income-tax Rules, 2026. What Rule 220 actually requires, what the accountant certifies, the section 463 and 462 penalties, and the diligence file that answers every check in the press release.

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