CAclubindia News
Form 35: New Tax Form for Offshore Banking Units Under IT Act 2025
19 May 2026 at 09:37Form 35 under the Income Tax Act 2025 is mandatory for Offshore Banking Units and IFSC entities claiming deductions. Check eligibility, due date, filing process, required documents and FAQs.
Centre Revises Excise Duty Rates on Petroleum Products Effective from May 16, 2026
19 May 2026 at 09:37The Finance Ministry has revised central excise duty rates through Notification Nos. 22/2026 and 23/2026-Central Excise effective May 16, 2026. Check revised per litre rates, applicability and key implications.
Form 154 Filing Mandatory for Certain Non-Domiciled Individuals Before Leaving India
18 May 2026 at 09:16The Income Tax Department has clarified the process for obtaining ITCC through Form 154 and Form 155 under Income Tax Rules 2026. Here's who must file, due dates, documents required and compliance rules for non-domiciled persons leaving India.
No Foreign Travel Tax Planned: PM Modi Dismisses Viral Media Report
18 May 2026 at 09:16PM Modi has dismissed reports claiming the government plans to impose a cess, tax or surcharge on foreign travel. He reiterated the govt's focus on Ease of Doing Business and Ease of Living, while the media outlet later withdrew the inaccurate report.
Form No. 124 Under New Tax Rules: What Employees Must Submit to Reduce Salary TDS
18 May 2026 at 09:16Learn everything about Form No. 124 under the Income-tax Act, 2025. Check FAQs on HRA, LTA, home loan interest, investment deductions, PAN requirement, online submission process and employee TDS benefits.
Form 31 Under Income Tax Act 2025 Mandatory for Claiming Rent Deduction Without HRA
16 May 2026 at 10:34Form 31 under the Income-tax Act, 2025 is mandatory for claiming deduction under Section 134 on rent paid without HRA. Check eligibility, due date, deduction limit, FAQs and filing details.
Form No 27 Under IT Act 2025: Mandatory Reporting for Dissolution or Reconstitution of Firms
16 May 2026 at 10:34Form No. 27 under the Income-tax Act 2025 made mandatory for specified entities in dissolution or reconstitution cases. Check filing rules, due date, valuation requiremen and key FAQs.
GST Update 2026: Finance Ministry Revises Chandigarh Authority Members Under UTGST Rules
16 May 2026 at 10:34Ministry of Finance issues Notification No. 2/2026-UTT amending Chandigarh GST authority under UTGST rules. Check new appointments, key changes and effective date.
Form 71 Under Income Tax Act 2025: FAQs, Filing Process, Eligibility, Due Date and Key Compliance Details
15 May 2026 at 09:42Understand Form 71 under Income Tax Act 2025 including filing procedure, eligibility, due date, mandatory audit requirements and tax exemption conditions.
Income Tax Department Releases ITR-1, ITR-4 Excel Utilities for AY 2026-27
15 May 2026 at 09:29Income Tax Department releases ITR-1 and ITR-4 Excel utilities for AY 2026-27 on 15 May 2026. Check eligibility, filing conditions, utility details, schema, validations and key updates.
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