Critical thinking in CA requires daily mental exercises like “Thinking Notes,” Reverse Case Analysis, and the “Devil’s Advocate Drill” to manage bias, challenge assumptions, and build deep problem-solving skills.
Two CIT(A) rulings confirm the Section 87A tax rebate applies to total income up to Rs.7 lakh, even with Short-Term Capital Gains (STCG) u/s 111A, for taxpayers under the new 115BAC(1A) regime.
Recent GST rate reductions on final goods like utensils and textiles are analyzed as flawed, creating severe inverted duty cycles, hurting MSME working capital, and raising policy uncertainty.
SEBI Circular 2025/135 rationalizes Related Party Transaction (RPT) disclosure for listed entities. It exempts RPTs up to Rs.1 crore and sets basic disclosure for moderate-value transactions.
India’s public sector banking (PSB) landscape has been transformed by two waves of consolidation—first, the merger of State Bank of India with its associate banks in 2017, and second, the 2019–2020 ‘mega merger’ that compressed ten PSBs into four large anchors. The stated policy objective was clear: create banks with the operational scale, technology depth, […]
A brief study of the tax provisions for Profits and Gains from Business or Profession, covering all chargeable incomes (including deemed income and recoveries) and permissible deductions under Sections 30 to 37, such as depreciation, R&D expenses, and general business costs.
Gold hit record highs in 2024-2025, fueled by central-bank buying, safe-haven demand, and geopolitical risk. This analysis explores the rally’s drivers, price scenarios, and its role as a strategic asset.
Understand the taxation rules for income from house property, including the basis of charge, computation of Gross and Net Annual Value, allowed deductions like standard deduction and interest on borrowed capital, and special provisions for co-owners and deemed owners.
Court holds that a single SCN covering several years is valid under Section 74 of the CGST Act, as fraudulent ITC claims often span multiple periods.
Summary of key Income Tax benefits for Individual and HUF taxpayers for AY 2026-27, covering basic exemption limits, Section 87A rebate, and major deductions under Section 80C.
