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CAclubindia News


CBDT Releases Guidelines for Compulsory Income Tax Scrutiny During FY 2026-27

   08 June 2026 at 09:31

CBDT has issued the guidelines for compulsory selection of income tax returns for complete scrutiny during FY 2026-27. Check the six categories of cases that will face mandatory scrutiny, key compliance requirements and important deadlines.

Posted in Income Tax |   32817 Views


ICAI to Launch PM Internship Scheme for CA Firms, Revised Code of Ethics to Permit Limited Advertising

   08 June 2026 at 09:20

ICAI President CA Prasanna Kumar D announces PM Internship Scheme for CA firms and proposed revisions to the ICAI Code of Ethics permitting limited advertising and professional outreach.

Posted in Students |   11352 Views


RBI Simplifies FPI Investment Rules in Government Securities

   06 June 2026 at 09:45

RBI removes key investment restrictions for FPIs in Government Securities under the General Route, merges investment limits, and expands the Fully Accessible Route (FAR) by including more G-Secs and Sovereign Green Bonds.

Posted in Others |   210 Views


FPI Investments in G-Secs Become Tax-Free Under Income-tax (Amendment) Ordinance, 2026

   06 June 2026 at 09:35

The Income-tax (Amendment) Ordinance, 2026 exempts FPIs from tax on interest and capital gains from Government Securities, complementing major reforms to attract foreign investment.

Posted in Income Tax |   6024 Views


Finance Ministry Notifies Directorate of Naval Intelligence Under PMLA Information-Sharing Provisions

   06 June 2026 at 09:23

The Finance Ministry has amended the PMLA information-sharing notification to include the Directorate of Naval Intelligence among agencies eligible to receive information under Section 66 of the Prevention of Money Laundering Act, 2002.

Posted in Others |   84 Views


Form 40 Mandatory for Claiming Relief on Foreign Pension Accounts under IT Act 2025

   05 June 2026 at 09:36

The Income Tax Department has released detailed FAQs on Form 40 under the Income Tax Act 2025. Know who must file it, eligibility conditions, due dates, required documents and how to claim tax relief on foreign retirement benefit accounts.

Posted in Income Tax |   2268 Views


ICAI Faculty Empanelment 2026: Eligibility, Experience Requirements and Last Date

   05 June 2026 at 09:24

Learn about ICAI Faculty Empanelment 2026, including eligibility criteria, teaching experience requirements, application process, important guidelines and the last date to apply for faculty empanelment.

Posted in Students |   13338 Views


ICAI Code of Ethics 2026 Recommends Digital-Only Payment of Audit Fees

   04 June 2026 at 09:37

ICAI's Code of Ethics 2026 recommends that chartered accountants and firms accept audit fees only through digital modes or banking channels, promoting transparency, accountability and professional integrity.

Posted in Audit |   11604 Views


RBI Denies Reports of Gold Sale, Confirms Gold Reserves Unchanged at 880.52 Tonnes

   04 June 2026 at 09:30

RBI has clarified that reports suggesting the sale of its gold reserves are incorrect. The central bank confirmed that its physical gold stock remains unchanged at 880.52 tonnes and urged the public to rely on official information.

Posted in Others |   207 Views


India Engages with US Over Proposed Section 301 Tariffs

   04 June 2026 at 09:24

The USTR has proposed additional tariffs on imports from India and 59 other economies under Section 301 proceedings. India remains engaged with the US while also working toward finalizing a bilateral trade framework agreement.

Posted in Others |   84 Views



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