CAclubindia News

ICAI and IIPA Join Hands to Strengthen Municipal Finance, Accounting and Urban Governance

24 July 2026 at 09:41

The Institute of Chartered Accountants of India (ICAI), through its Public and Government Financial Management Committee (PGFMC), signed an Memorandum of Understanding (MoU) with the Centre for Urban Studies (CUS) of the Indian Institute of Public Ad

Posted in Professional Resource | 1 comments | 423 Views

Centre Notifies Additional PMLA Special Courts in Gujarat

24 July 2026 at 09:34

The Central Government has amended the PMLA notification to designate additional Special Courts in Gujarat, including CBI Special Courts in Ahmedabad and the Principal District Judge, Surat.

Posted in Income Tax | 1 comments | 1899 Views

CBDT Grants Section 10(46) Exemption to District Legal Services Authority, Jind

23 July 2026 at 09:23

CBDT Notification No. 92/2026 grants Section 10(46) income-tax exemption to District Legal Services Authority (DLSA), Jind on specified income for FY 2022-23 to FY 2025-26, subject to prescribed conditions.

Posted in Income Tax | 1 comments | 2145 Views

CBDT Revises 'Specified Fund' Definition Under Income Tax Act, 2025

22 July 2026 at 08:00

The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Second Amendment) Rules, 2026, introducing an important amendment to the definition of "specified fund" under the Income-tax Rules, 2026.The amendment has been issued through Notif

Posted in Income Tax | 1 comments | 3279 Views

No Proposal to Scrap LTCG Tax for Retail Investors, Govt Clarifies in Lok Sabha

22 July 2026 at 07:40

The Government has clarified in Lok Sabha that there is currently no proposal to scrap the 12.5% Long-Term Capital Gains (LTCG) tax on equity investments for domestic investors.

Posted in Income Tax | 1 comments | 2367 Views

RBI Releases Draft Foreign Investment Rules 2026, Invites Public Comments Till 31st August

22 July 2026 at 07:12

RBI has released the draft Foreign Investment Rules, 2026 to replace the NDI Rules, 2019. The proposed framework aims to simplify FEMA regulations, align with FDI policy, reduce compliance burden, and enhance ease of doing business.

Posted in Investments & Personal Finance | 1 comments | 621 Views

CBDT Enables Foreign Assets Reporting in AIS: Taxpayers Can Now View CRS/FATCA Data Online

21 July 2026 at 09:48

CBDT has enabled display of foreign asset and income information received under CRS/FATCA in AIS. Taxpayers can now view overseas account and investment data on the Income Tax portal.

Posted in Income Tax | 1 comments | 2871 Views

RBI Enhances Fintech Oversight with SRO Framework, AI-Based Fraud Detection and Cyber Safety Measures

21 July 2026 at 09:38

Government and RBI strengthen India's fintech ecosystem with AI-based fraud detection, DPDP Act safeguards, enhanced payment security, and stronger consumer protection measures.

Posted in Investments & Personal Finance | 1 comments | 531 Views

UPI Crosses 55.49 Crore Users in June 2026; FY26 Transactions Hit Rs 314 Lakh Crore

21 July 2026 at 09:32

UPI crossed 55.49 crore onboarded users by June 2026, with FY 2025-26 transactions reaching 24,161.69 crore in volume and Rs 314.23 lakh crore in value.

Posted in Investments & Personal Finance | 1 comments | 351 Views

CBDT Notifies NaBFID 10-Year Zero Coupon Bond Under Income Tax Act, 2025

20 July 2026 at 09:27

CBDT has notified NaBFID's Ten Year Zero Coupon Bond as a Zero Coupon Bond under Section 2(112) of the Income-tax Act, 2025. Check key features, tenure, issue timeline and tax implications.

Posted in Income Tax | 1 comments | 10524 Views