CAclubindia News


Rs 590 Crore IDFC First Bank Fraud: Full Timeline, Govt Funds Recovery, Market Impact Explained

   25 February 2026 at 08:54

IDFC First Bank faces scrutiny after a Rs 590 crore fraud linked to Haryana government accounts. Here's the timeline, investigation updates and market impact.

Posted in Others |   1932 Views


FM Sitharaman Warns Banks: Mis-Selling Financial Products is an Offence, RBI to Tighten Rules

   24 February 2026 at 08:58

Finance Minister Nirmala Sitharaman warns banks that mis-selling financial products is an offence as the RBI prepares stricter guidelines to improve transparency, compliance and customer protection.

Posted in Others |   3363 Views


Rs 1.25 Crore GST Notice Shocks Poor Potter in Uttar Pradesh, Alleges PAN Misuse

   24 February 2026 at 07:06

A poor potter from Uttar Pradesh alleges PAN and Aadhaar misuse after receiving a Rs 1.25 crore GST notice linked to fake firms. Read the full story.

Posted in GST |   390 Views


India-France Tax Treaty Updated: New Protocol Revises Capital Gains, Dividend Rules

   24 February 2026 at 07:05

India and France sign protocol to amend DTAA, revising capital gains rules, dividend tax rates, MFN clause and PE definition to boost tax certainty and investment flows.

Posted in Income Tax |   2766 Views


Credit Card Payments Above Rs 10 Lakh to Be Reported Under Proposed Tax Rules 2026

   24 February 2026 at 07:04

Draft Income-tax Rules 2026 tighten oversight on credit card usage with new reporting thresholds, perquisite rules, and compliance requirements explained.

Posted in Income Tax |   2670 Views


New Tax Draft Form Introduced for Provident and Gratuity Fund Nominations

   23 February 2026 at 06:54

Draft Form 184 under Draft Income Tax Rules 2026 introduces a new nomination format for provident and gratuity funds. Know key details, purpose and impact on employees.

Posted in Income Tax |   3258 Views


Draft Form 124 Proposes Mandatory Disclosure of Relationship With Landlord for HRA Claims

   23 February 2026 at 06:54

Draft Form 124 under Draft Income Tax Rules 2026 proposes detailed reporting for HRA claims including landlord PAN, Aadhaar, rent details, and supporting documents. Know impact.

Posted in Income Tax |   5859 Views


Madhya Pradesh Tax Bodies Seek Relief from Mandatory English Translation Rule for GST Tribunal Appeals

   23 February 2026 at 06:54

Indore tax consultants seek removal of English translation rule for GST appeals, saying it increases compliance costs in Hindi-speaking states.

Posted in GST |   201 Views


GSTN Enables Online Facility to Withdraw from Rule 14A via Form GST REG-32

   23 February 2026 at 06:54

GSTN enables taxpayers to withdraw from Rule 14A via Form GST REG-32 on the GST Portal. Know eligibility, steps, timelines, Aadhaar authentication and key conditions.

Posted in GST |   3894 Views


IT Department Sends Notices to High-Earning Senior Executives for Undisclosed Foreign Assets

   21 February 2026 at 08:27

Income Tax Department scrutinizes high-earning executives with salaries over Rs 50 lakh for underreporting income, hiding foreign assets and claiming unwarranted exemptions. Notices issued, penalties may follow.

Posted in Income Tax |   1983 Views