CAclubindia News

PAN Quoting Threshold Limits for Banking, Property & Cash Deals under Draft Income Tax Rules, 2026

11 February 2026 at 07:04

Rule 159 of Draft Income-tax Rules, 2026 prescribes transaction-wise PAN thresholds for banking, property, deposits, cash payments and services.

Posted in Income Tax | 510 Views

New PAN Application Process Under Draft Income Tax Rules, 2026

11 February 2026 at 07:03

Draft Income Tax Rules, 2026 introduce Rule 158 prescribing a revised procedure for allotment of Permanent Account Number (PAN), including application forms, timelines and digital verification norms under the Income Tax Act, 2025.

Posted in Income Tax | 234 Views

Annual Information Statement (AIS) Gets New Format Under Draft Form No. 168

11 February 2026 at 07:00

CBDT releases Draft Form 168 proposing a structured Annual Information Statement covering TDS, financial transactions, tax payments, demands, refunds and proceedings. Learn key features and implications.

Posted in Income Tax | 2343 Views

New CA Certificate for Payments to Non-Residents Explained

11 February 2026 at 06:57

CBDT releases Draft Form No. 146 prescribing a new accountant certificate for payments to non-residents and foreign companies. Check applicability, DTAA reporting, TDS rules and key disclosures.

Posted in Income Tax | 3324 Views

New Audit Report Framework for Registered NPOs Under Income Tax Act, 2025

11 February 2026 at 06:55

CBDT releases Draft Form No. 112 prescribing a detailed audit report for registered non-profit organisations under the Income-tax Act, 2025, effective from AY 2026-27.

Posted in Income Tax | 72 Views

CCI Registered 54 Antitrust Cases, Received 149 M&A Filings in 2025

11 February 2026 at 06:55

The Competition Commission of India registered 54 antitrust cases and received 149 M&A filings in 2025, as the government rolled out major competition law reforms under the Competition (Amendment) Act, 2023.

Posted in Corporate Law | 42 Views

Raghav Chadha Calls for Nil LTCG Tax on Equity Investments for Individual Investors

10 February 2026 at 09:59

AAP Rajya Sabha MP Raghav Chadha urges the Centre to abolish LTCG tax on equity investments for individuals, backs higher STT on derivatives to curb speculation, and cites global examples to promote long-term investing and wealth creation.

Posted in Income Tax | 777 Views

CBDT Proposes New Form 130 for TDS on Salary, Pension and Interest Income Under IT Act

10 February 2026 at 06:49

CBDT introduces Draft Form 130 to consolidate TDS certification for salary, pension and specified senior citizen interest income, detailing tax deduction, deposit, and computation under the Income-tax Act.

Posted in Income Tax | 5142 Views

CBDT to Replace Forms 3CA, 3CB & 3CD with Consolidated Form 26

10 February 2026 at 06:49

Forms 3CA, 3CB and 3CD used for tax audit reporting are proposed to be merged into a single Form 26, bringing uniformity and simplified compliance.

Posted in Income Tax | 11070 Views

Permissible Day and Time for Inspection by Valuation Officers under Draft Income Tax Rules, 2026

10 February 2026 at 06:49

Rule 174 of Draft Income-tax Rules, 2026 prescribes the permissible day and time for inspections by Valuation Officers under section 269, ensuring procedural fairness.

Posted in Income Tax | 69 Views