CAclubindia News
FM Sitharaman Reviews GIFT City Progress at High-Level Meeting
23 May 2026 at 09:29Finance Minister Nirmala Sitharaman reviews progress of GIFT City, highlighting its role as India’s global financial hub with over 1,150 entities and USD 110 billion banking assets.
Finance Ministry Allows 7 Financial Entities to Use Aadhaar Authentication Under PMLA
22 May 2026 at 09:40The Ministry of Finance has authorised seven reporting entities to perform Aadhaar authentication under the Prevention of Money-laundering Act, 2002, strengthening KYC and compliance mechanisms.
Ministry of Finance Amends HSNS Cess Rules 2026: Rule 35 Sees Major Procedural Changes
22 May 2026 at 09:34The Ministry of Finance has notified the Health Security & National Security Cess (Second Amendment) Rules, 2026, introducing key changes to Rule 35, including omission of sub-rule (3) and revised accounting approvals.
GSTN Announces Major Enhancements in e-Way Bill Portal: Mandatory Ship-To GSTIN and EWB Closure Feature
22 May 2026 at 09:21GSTN proposes key enhancements to the e-Way Bill (EWB) portal, including mandatory "Ship-To GSTIN" capture for Bill-To Ship-To transactions and a new EWB Closure functionality.
New Income Tax Act 2025 More Taxpayer-Friendly, Simpler to Understand: Chief Commissioner
21 May 2026 at 09:35Income Tax Act 2025 is simpler, clearer and more taxpayer-friendly, says Chief Commissioner. The new law aims to reduce complexity and improve tax compliance.
ICAI Plans Major CA Curriculum Revamp With AI, ESG And Data Analytics Subjects
21 May 2026 at 09:26ICAI is planning to introduce Artificial Intelligence, data analytics, ESG, and forensic auditing into the CA curriculum. The proposed changes aim to prepare future chartered accountants for technology-driven finance and auditing roles.
Finance Ministry Issues Corrigendum to Customs Notification 14/2026: Key Changes Explained
20 May 2026 at 09:29The Ministry of Finance has issued a corrigendum to Customs Notification No. 14/2026, correcting tariff classifications and notification entries under the customs framework. Here are the key changes.
Centre Dismisses Claims of Temple Gold Monetisation Scheme Across India
20 May 2026 at 09:19The Government of India has denied reports claiming temple gold will be monetised or used for strategic reserves. Officials called the rumours false and misleading.
GSTN Introduces Annexure-B Offline Utility for ITC Refund Applications
20 May 2026 at 09:15GST refund filing process updated from May 2026. Taxpayers must now upload Annexure-B through the new offline utility for accumulated ITC refund claims on the GST portal.
ICAI Introduces UDIN Ceiling for Tax Audit Assignments from FY 2026-27
19 May 2026 at 09:39ICAI has introduced a ceiling of 60 Tax Audit assignments per member for UDIN generation effective from April 1, 2026. Read the complete FAQs, applicable forms, counting rules, revised audit treatment and key compliance details.
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