CAclubindia News

Set-Off and Carry Forward of Loss Under Income Tax Act 2025

22 August 2026 at 09:30

Income-tax Act 2025 rules for set-off and carry forward of losses, covering business, speculative, capital and house property losses, explained.

Posted in Income Tax | 1167 Views

Income Tax Department Lists 10 ICDS and Their Reconciliation With Accounting Standards

22 August 2026 at 09:22

Income Tax Department lists 10 ICDS under the Income Tax Act 2025 and explains key reconciliations with Accounting Standards for computing taxable income.

Posted in Accounts | 3699 Views

Finance Ministry Allows 10 Lakh MT Duty-Free Raw Sugar Imports Till 31st October

22 August 2026 at 09:09

The Centre allows duty-free imports of 10 lakh MT raw sugar under TRQ. Check Customs Notification 30/2026, DGFT allocation rules and validity till October 31, 2026.

Posted in Custom | 153 Views

Salaried Employees Tax Benefits for TY 2026-27: Check All Allowances and Exemptions

21 August 2026 at 09:39

Income Tax Department’s TY 2026-27 guide explains salary allowances, HRA, perquisites, standard deduction, retirement benefits, NPS, gratuity and provident fund tax rules for salaried employees.

Posted in Income Tax | 7974 Views

Compounding of Offences Under Income Tax Act 2025: Key Rules, Charges and Eligibility

21 August 2026 at 09:39

Income-tax Act 2025 compounding rules explained: eligibility, application fees, 12-month timeline, compounding charges, repeat offences and key conditions.

Posted in Income Tax | 2601 Views

Ind AS Amendment Rules 2026: New Changes in Financial Instruments, Hedge Accounting & Disclosures

20 August 2026 at 09:15

MCA notifies Companies (Indian Accounting Standards) Amendment Rules, 2026. Know key changes in Ind AS 101, 107, 109, 110 and 7, including financial instruments, hedge accounting and electricity contracts.

Posted in Corporate Law | 2574 Views

Health Insurance Tax Benefits Under IT Act 2025: Deduction Limits, Eligibility and Conditions

20 August 2026 at 09:05

The Income Tax Department has explained the tax deductions available on life insurance premiums, health insurance policies, preventive health check-ups and medical treatment expenses under the Income-tax Act, 2025.

Posted in Income Tax | 1752 Views

Time Limits for Issuing IT Notices and Completing Assessments Under Income Tax Act 2025

20 August 2026 at 09:05

The Income Tax Department has outlined the time limits for issuing scrutiny, reassessment and other income-tax notices, along with assessment completion deadlines under the Income-tax Act, 2025 as amended by Finance Act, 2026.

Posted in Income Tax | 2 comments | 20649 Views

Income Tax Department Undertakes Verification of Suspicious Foreign Remittances by 394 Entities

19 August 2026 at 09:34

CBDT launches nationwide verification of suspicious foreign remittances involving 394 entities and 36 professionals, including Form 15CB certificate issuers.

Posted in Income Tax | 489 Views

PM CARES Fund Reports Rs 8452 Crore Balance as Spending Remains Minimal in FY 2024-25

19 August 2026 at 09:29

The PM CARES Fund ended the financial year 2024-25 with a balance of around Rs 8,452 crore, according to audited financial statements made available on the fund's website. The figures have renewed public interest in the fund's receipts, expenditure,

Posted in Audit | 2802 Views