CAclubindia News

FM Sitharaman Urges Income Tax Officers to Ensure Smooth Rollout of Income Tax Act 2025

23 March 2026 at 09:26

Finance Minister Nirmala Sitharaman launches PRARAMBH 2026 campaign and Income Tax Website 2.0, introducing AI chatbot Kar Saathi and nationwide awareness for Income Tax Act 2025 rollout.

Posted in Income Tax | 978 Views

Income Tax Department Launches Utility to Compare IT Act, 1961 with IT Act, 2025

23 March 2026 at 09:26

Income Tax Department launches utility to compare Income-tax Act 1961 with Income Tax Act 2025, helping taxpayers map sections and understand new provisions.

Posted in Income Tax | 4626 Views

CBDT Issues FAQs & Guidance Notes on New ITR Forms Under Income Tax Rules, 2026

23 March 2026 at 09:26

CBDT releases FAQs and guidance on new ITR forms under Income-tax Rules 2026, clarifying filing formats, tax year concept, and compliance for FY 2026-27.

Posted in Income Tax | 5442 Views

CBDT Releases FAQs on Transition to Income Tax Act 2025 Effective 1st April 2026

23 March 2026 at 09:26

Income Tax Act 2025 transition FAQs by CBDT clarify tax year shift, pending cases, TDS rules and taxpayer compliance for FY 2026-27.

Posted in Income Tax | 1 comments | 31839 Views

CBDT Notifies Income Tax Rules 2026: Key Changes to Take Effect from 1st April

21 March 2026 at 10:40

Income-Tax Rules 2026 notified by CBDT to take effect from April 1. Check key changes in dividend rules, stock exchange recognition, capital gains, and non-resident taxation.

Posted in Income Tax | 11535 Views

CBIC Issues SOP for Tax Officers on HSNS Cess Implementation from 1st Feb 2026

21 March 2026 at 10:40

CBIC issues SOP for tax officers on HSNS Cess implementation from Feb 1, 2026, detailing registration, payment and compliance processes to streamline tax administration.

Posted in GST | 3060 Views

CBIC Issues Instruction on Duty Drawback for Export of Unlocked Mobile Handsets

21 March 2026 at 10:40

CBIC issues Instruction No. 02/2026 directing strict compliance with court rulings on duty drawback claims for export of unlocked mobile handsets by merchant exporters.

Posted in Others | 117 Views

Government Launches RELIEF Scheme to Support Exporters Amid West Asia Logistics Crisis

21 March 2026 at 10:40

Government approves RELIEF scheme under Export Promotion Mission to support exporters hit by West Asia logistics disruptions, offering risk coverage, cost relief and MSME support amid rising freight and insurance costs.

Posted in Others | 249 Views

CBDT Directs IT Offices to Stay Open on 31st March 2026 for Financial Year-End Work

21 March 2026 at 10:40

Income Tax offices will remain open on March 31, 2026, despite Mahavir Jayanti, as per the CBDT's Section 119 order to ensure smooth financial year-end compliance and pending work completion.

Posted in Income Tax | 3072 Views

Finance Ministry Revises Monetary Threshold in FEMA Enforcement Cases: Key Changes Notified

20 March 2026 at 09:34

Finance Ministry updates FEMA enforcement thresholds via notification dated March 18, 2026, revising case value limits to Rs 2-10 crore for improved classification, consistency, and regulatory clarity in foreign exchange violations.

Posted in Others | 321 Views