14+ hour, 31+ min ago   (991+ words) The Income-tax Act, 2025 has retained the framework of Minimum Alternate Tax (MAT) for companies and Alternate Minimum Tax (AMT) for non-corporate taxpayers, while introducing important changes in the treatment of tax credits. The provisions are contained in Section 206 of the…...

14+ hour, 58+ min ago   (1384+ words) What auditors actually struggle with on integrated plants - read with IFRIC 20, ITFG, EAC opinions, and the SAP-AA trap nobody talks about This piece is for the auditor capitalising a pellet plant ramp-up, the CFO who has just been told the…...

14+ hour, 58+ min ago   (1631+ words) These situations raise important practical questions: When is the excess amount required to be refunded? Is interest payable on such excess recovery? Can the Department adjust the refund against another demand? Can the refund be withheld? And in what circumstances…...

3+ day, 14+ hour ago   (543+ words) When a buyer accidentally rejects a valid Credit Note (CN), the system automatically cancels your tax reduction and claws back the GST amount by adding it to your output tax liability. To fix this and make your returns match, your…...

4+ day, 11+ hour ago   (640+ words) The second instalment of advance tax for FY 2026-27 (AY 2027-28) falls due on 15th September 2026. By this date, taxpayers must have paid 45% of their total estimated tax liability for the year, on a cumulative basis. Miss it, and interest under Section 234C kicks…...

4+ day, 14+ hour ago   (1303+ words) Determining whether an individual is a resident or non-resident for Indian tax purposes has become increasingly important as more Indians work, invest and maintain financial interests across countries. A person may spend part of the year in India, work overseas,…...

6+ day, 6+ hour ago   (322+ words) A partner has received interest on capital from the partnership firm. At the same time, the partner has paid interest on a loan, which was borrowed and subsequently diverted/invested in the partnership firm. In earlier years, the net interest…...

6+ day, 11+ hour ago   (543+ words) 2 Days Webinar on Next Gen Tax Audit Practice using AI Claude AI for Financial Statement Preparation Practical Course on Income Tax Audit(Recorded Course) CLAUDE AI MASTERY COURSE In 2026, there is no fixed cap on the amount of cash you…...

6+ day, 13+ hour ago   (42+ words) Angel Funds CAclubindia Practical Course on Income Tax Audit(Recorded Course) Claude AI for Financial Statement Preparation CLAUDE AI MASTERY COURSE 2 Days Webinar on Next Gen Tax Audit Practice using AI...

6+ day, 14+ hour ago   (1278+ words) Practical Course on Income Tax Audit(Recorded Course) Claude AI for Financial Statement Preparation CLAUDE AI MASTERY COURSE 2 Days Webinar on Next Gen Tax Audit Practice using AI Not every income earned by a taxpayer neatly falls under salary, house…...