CAclubindia News
RBI Simplifies FPI Investment Rules in Government Securities
06 June 2026 at 09:45RBI 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.
FPI Investments in G-Secs Become Tax-Free Under Income-tax (Amendment) Ordinance, 2026
06 June 2026 at 09:35The Income-tax (Amendment) Ordinance, 2026 exempts FPIs from tax on interest and capital gains from Government Securities, complementing major reforms to attract foreign investment.
Finance Ministry Notifies Directorate of Naval Intelligence Under PMLA Information-Sharing Provisions
06 June 2026 at 09:23The 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.
Form 40 Mandatory for Claiming Relief on Foreign Pension Accounts under IT Act 2025
05 June 2026 at 09:36The 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.
ICAI Faculty Empanelment 2026: Eligibility, Experience Requirements and Last Date
05 June 2026 at 09:24Learn about ICAI Faculty Empanelment 2026, including eligibility criteria, teaching experience requirements, application process, important guidelines and the last date to apply for faculty empanelment.
ICAI Code of Ethics 2026 Recommends Digital-Only Payment of Audit Fees
04 June 2026 at 09:37ICAI'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.
RBI Denies Reports of Gold Sale, Confirms Gold Reserves Unchanged at 880.52 Tonnes
04 June 2026 at 09:30RBI 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.
India Engages with US Over Proposed Section 301 Tariffs
04 June 2026 at 09:24The 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.
Supreme Court Holds Casino Winnings Payouts Do Not Reduce GST Liability
03 June 2026 at 09:41The Supreme Court has ruled that GST on casino transactions is payable on the full amount staked by players and not on Gross Gaming Revenue (GGR), holding that tax liability arises when a bet is placed.
CBDT Notifies Infrastructure Sub-Sectors as Eligible Businesses Under Income Tax Act, 2025
03 June 2026 at 09:27The Central Board of Direct Taxes (CBDT) has notified infrastructure sub-sector businesses as specified businesses under Schedule V of the Income-tax Act, 2025. The notification takes effect from June 1, 2026.
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