CAclubindia News

Income Tax Department Releases Updated Common Offline Utility for ITR-1, ITR-2 and ITR-4 for AY 2026-27

01 June 2026 at 09:41

The Income Tax Department has released Version 1.1.0 of the Common Offline Utility for filing ITR-1, ITR-2 and ITR-4 for AY 2026-27. Download the latest utility released on May 29, 2026.

Posted in Income Tax | 189 Views

Centre Revises Central Excise Duty Rates on Petroleum Products from June 1, 2026

01 June 2026 at 09:30

The Ministry of Finance has revised Central Excise Duty rates on specified petroleum products through Notifications No. 24/2026 and 25/2026. The revised rates will come into effect from June 1, 2026

Posted in Excise | 2424 Views

ICAI Releases Revised Code of Ethics 2026

01 June 2026 at 09:23

ICAI has announced the revised Code of Ethics (13th Edition), effective from April 1, 2026. The updated framework includes domestic ethical provisions, IESBA-aligned standards, and sustainability assurance ethics requirements for Chartered Accountants.

Posted in Professional Resource | 4725 Views

MCA Expands CSR Framework to Include Zero Coupon Zero Principal Instruments on Social Stock Exchange

30 May 2026 at 09:27

MCA has expanded Schedule VII of the Companies Act, 2013 to allow CSR spending through Zero Coupon Zero Principal Instruments listed on the Social Stock Exchange.

Posted in Corporate Law | 2784 Views

Ministry of Finance Introduces Common Landing Portal for Unclaimed Financial Assets

30 May 2026 at 09:18

The Department of Financial Services has launched a Common Landing Portal for Unclaimed Financial Assets, providing a single platform for citizens to search unclaimed bank deposits, insurance claims, shares, dividends, and mutual funds.

Posted in Others | 1302 Views

CBDT Clarifies Form 61 Filing Process for Transactions With Notified Jurisdictional Areas Under IT Act, 2025

29 May 2026 at 09:37

CBDT has clarified the rules relating to Form 61 under the Income Tax Act, 2025. Know who must file Form 61, due date, documents required, e-verification process and consequences of non-filing for deduction claims linked to notified jurisdictional areas.

Posted in Income Tax | 3978 Views

Form 52 Mandatory for APA Holders Under Income Tax Act, 2025

29 May 2026 at 09:28

CBDT has introduced Form 52 under the Income-tax Act, 2025 for Advance Pricing Agreement (APA) compliance reporting. Check applicability, filing deadline, mandatory requirements, and major changes from old Form 3CEF.

Posted in Income Tax | 3153 Views

ITR-2 Excel Utility and Online Filing Now Available for AY 2026-27

28 May 2026 at 09:39

Income Tax Department has enabled online filing and Excel Utility for ITR-2 for AY 2026-27 on the e-filing portal. Check eligibility, benefits and filing details.

Posted in Income Tax | 3057 Views

Finance Ministry Permits Selected Financial Firms to Perform Aadhaar Authentication Under PMLA

28 May 2026 at 09:28

Finance Ministry permits Groww Mutual Fund, ICICI Securities, Upstox and three other entities to perform Aadhaar authentication under the Prevention of Money-laundering Act, 2002.

Posted in Others | 2688 Views

Finance Ministry Revises March 2026 Notification Under Actuaries Act, 2006

28 May 2026 at 09:21

The Ministry of Finance has issued a fresh notification appointing Ms. Varsha Chandra Sinha as Presiding Officer under the Actuaries Act, 2006. The amendment replaces the earlier entry notified in March 2026.

Posted in Others | 93 Views