CAclubindia News

GSTN Puts Proposed e-Way Bill Enhancements on Hold Until Further Notice

30 July 2026 at 09:16

GSTN has put the proposed e-Way Bill enhancements, earlier scheduled for implementation from August 1, 2026, on hold until further notice. No system changes are required by taxpayers or businesses.

Posted in GST | 1 comments | 5256 Views

Paytm Payments Bank to Be Wound Up After RBI Licence Cancellation

29 July 2026 at 09:32

The Delhi High Court has ordered the winding up of Paytm Payments Bank Limited following the RBI's cancellation of its banking licence. An Official Liquidator has been appointed to oversee the process.

Posted in Investments & Personal Finance | 1 comments | 2253 Views

MSME Development (Amendment) Bill, 2026 Introduced in Rajya Sabha

29 July 2026 at 09:24

The MSME Development (Amendment) Bill, 2026 has been introduced in Rajya Sabha, proposing digital registration, mandatory TReDS settlement, faster dispute resolution and stronger MSME protection measures.

Posted in Corporate Law | 1 comments | 3078 Views

India's Rs 100 Crore Income Filers Jump 4X in 5 Years, Reach 576 in AY 2025-26

28 July 2026 at 10:37

The number of Indians reporting income above Rs 100 crore rose from 142 to 576 in five years. Here's what the latest government data reveals about wealth creation in India.

Posted in Income Tax | 1 comments | 2412 Views

No Change in MSME Payment Compliance: Government Defends Section 43B(h) in Parliament

28 July 2026 at 09:37

The Finance Ministry has clarified in Rajya Sabha that Section 43B(h) links tax deduction claims to timely payments made to micro and small enterprises, aiming to improve MSME cash flow and working capital availability.

Posted in Income Tax | 1 comments | 4173 Views

CBDT Extends Tax Exemption Benefits to Maharashtra Fees Regulating Authority Under Section 10(46)

28 July 2026 at 09:29

CBDT has notified Maharashtra's Fees Regulating Authority under Section 10(46), exempting specified income including processing fees, government grants, and interest income for AY 2022-23 to AY 2026-27, subject to prescribed conditions.

Posted in Income Tax | 1 comments | 510 Views

CBDT Notifies ITR-BN Under Income Tax Rules 2026 for Block Assessment Cases

27 July 2026 at 09:29

CBDT has notified ITR-BN through the Income Tax (Third Amendment) Rules, 2026 for block assessment cases arising from search and requisition proceedings under the Income Tax Act, 2025. Know the key details.

Posted in Income Tax | 1 comments | 12915 Views

ICAI Extends Time Limit for Transfer of Goodwill of Deceased CA Proprietor Firms from 1 Year to 3 Years

27 July 2026 at 09:21

ICAI has extended the time limit for transfer of goodwill of a deceased member's proprietary CA firm from 1 year to 3 years under the Code of Ethics, 2026.

Posted in Professional Resource | 1 comments | 2949 Views

Draft Insurance Rules 2026 Released: Centre Proposes Major Overhaul of 87-Year-Old Insurance Rules

25 July 2026 at 09:33

The Centre has released Draft Insurance Rules, 2026 to replace the Insurance Rules, 1939. The proposed framework introduces reforms on transparency, governance, agent regulation, insurer oversight and premium payment norms.

Posted in Investments & Personal Finance | 1 comments | 4107 Views

FM Sitharaman Calls for Greater Tax Certainty and Reduced Litigation at 167th Income Tax Day Celebration

25 July 2026 at 09:21

Finance Minister Nirmala Sitharaman outlined the 5Rs of Responsive Tax Governance at the 167th Income Tax Day celebrations, emphasizing tax certainty, reduced litigation, taxpayer-centric reforms, and the transformative impact of the Income-tax Act, 2025.

Posted in Income Tax | 1 comments | 1617 Views