CAclubindia News

Finance Ministry Orders Dissolution of Old RRBs After State-Level Bank Mergers

17 January 2026 at 07:35

The Ministry of Finance has invoked Section 23D of the RRB Act to dissolve multiple Regional Rural Banks following their merger into consolidated state-sponsored entities.

Posted in Community & General | 561 Views

Customs Notifies Further Relief for Postal Exports Through Electronic Filing

17 January 2026 at 07:35

Govt amends customs notification to recognise electronic entries for postal exports, giving them parity with shipping bills under the Customs Act.

Posted in Custom | 162 Views

Customs Duty Drawback Rules Revised to Streamline Postal Export Claims

17 January 2026 at 07:35

Government amends Duty Drawback Rules to recognise electronic entries for postal exports, easing compliance and claim timelines for exporters.

Posted in Custom | 261 Views

CBDT Grants Income Tax Exemption to West Bengal Construction Workers Welfare Board Under Section 10(46)

17 January 2026 at 07:35

CBDT grants income tax exemption under Section 10(46) to West Bengal Construction Workers Welfare Board with retrospective effect from FY22.

Posted in Income Tax | 111 Views

FY27 Budget Unlikely to Change Income Tax Law, New Rules to Shape Tax Regime

17 January 2026 at 07:35

FY27 Budget is unlikely to amend income tax law, with CBDT rules expected to shape taxpayer rights, compliance burden and the new tax regime.

Posted in Income Tax | 1005 Views

Securities Transaction Tax (STT) May Miss Budget Target as F&O Trading Slows

17 January 2026 at 07:34

STT collections are under pressure as F&O regulatory tightening and lower trading volumes raise the risk of missing Budget estimates this fiscal.

Posted in Union Budget & Policy | 102 Views

Budget 2026 May Hold Key to Long-Pending Digital Overhaul of Capital Gains Account Scheme

17 January 2026 at 07:34

Ahead of Budget 2026, the Capital Gains Account Scheme faces renewed scrutiny over digital gaps, manual reporting and lack of integration with tax systems.

Posted in Union Budget & Policy | 372 Views

Supreme Court Denies Treaty Benefits to Tiger Global in Flipkart Capital Gains Tax Case

16 January 2026 at 10:12

In a crucial tax ruling, the Supreme Court has held Tiger Global liable for capital gains tax on its Flipkart stake sale to Walmart.

Posted in Income Tax | 1605 Views

CGST Delhi South Commissionerate Busts Bogus Invoice Racket Involving Rs 199.90 Crore

16 January 2026 at 09:10

CGST Delhi South Commissionerate arrested two persons for fraudulent availment of Rs 8.52 crore ITC using bogus invoices worth Rs 199.90 crore.

Posted in GST | 129 Views

Budget 2026 Watch: Industry Seeks Tax Neutrality for MCA Fast-Track Demergers

16 January 2026 at 06:54

MCA’s fast-track demergers face tax hurdles as Income Tax Act denies neutrality, exposing firms and shareholders to higher tax and pushing restructurings back to NCLT.

Posted in Union Budget & Policy | 942 Views