CAclubindia News
ITR-7 Online Utility Enabled on Income Tax Portal for AY 2026-27
13 August 2026 at 09:16The Income Tax Department has enabled the online utility for ITR-7 for AY 2026-27. Eligible trusts, institutions, and exempt entities can now file returns on the e-Filing portal.
MSME Development (Amendment) Bill, 2026 Passed by Parliament
12 August 2026 at 09:33The MSME Amendment Bill 2026 aims to improve ease of doing business, speed up payment recovery and strengthen support for India's small businesses.
Direct Tax Collections Jump 23% to Rs 8.11 Lakh Crore as on 10th Aug 2026
12 August 2026 at 09:27India's net direct tax collections rose 23.09% to ₹8.11 lakh crore as on August 10, 2026. Strong growth in non-corporate taxes boosted overall revenue.
CBDT Approves Sir Ganga Ram Trust Society for Scientific Research Tax Benefits Under IT Act, 2025
11 August 2026 at 09:25CBDT has approved Sir Ganga Ram Trust Society, Delhi, for Scientific Research under the Income-tax Act, 2025. The approval is valid from Tax Year 2026-27 to 2030-31, enabling eligible donors to claim tax benefits subject to prescribed conditions.
ICAI Announces Mock Test Papers Series I & II for CA Final Nov 2026 Exams
11 August 2026 at 09:16ICAI has announced Mock Test Papers (MTP) Series I and Series II for CA Final November 2026 exams. Check the complete schedule, exam dates, registration process, and how to download question papers and answer keys.
No UPI Charges for Consumers: Government Clears Air on Merchant Fee Rumours
10 August 2026 at 09:25UPI users will continue to enjoy free payments, the government clarifies. Any future MDR will apply only to select merchant transactions.
UPI Transactions May Attract Charges in Future as Lok Sabha Passes Taxation Amendment Bill
08 August 2026 at 09:29The Lok Sabha has approved amendments to the Payment and Settlement Systems Act, giving the government flexibility to allow MDR or charges on UPI and other electronic payments.
ICAI Hosts Multipurpose Empanelment Form (MEF) 2026-27
08 August 2026 at 09:15ICAI has launched the Multipurpose Empanelment Form (MEF) 2026-27 for Chartered Accountants and CA firms. Submit applications online by August 29, 2026.
Income Tax Department Releases ITR-6 Excel Utility, JSON Schema and Validation Rules for AY 2026-27
07 August 2026 at 09:40Income Tax Department releases ITR-6 Excel Utility, JSON Schema and Validation Rules for AY 2026-27. Companies can now begin preparing and filing returns using the latest offline utility.
Centre Exempts Banks from Section 15(1) Restriction on Unamortized EIR Expenditure
07 August 2026 at 09:30Centre exempts banks from Section 15(1) of the Banking Regulation Act for unamortized expenditure under the RBI's Effective Interest Rate (EIR) income recognition framework notified in 2026.
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