CAclubindia News

Income Tax Rates for FY 2026-27

09 February 2026 at 06:50

Finance Bill 2026 retains existing income tax rates for FY 2026-27. No change in slabs, surcharge or cess for individuals, firms & companies.

Posted in Income Tax | 861 Views

Big Relief for Small NBFCs: RBI Removes Registration Requirement for Low-Risk Entities

09 February 2026 at 06:50

RBI proposes registration exemption for Type-I NBFCs with assets under Rs 1000 crore and removes prior approval for NBFC branch expansion.

Posted in Corporate Law | 1053 Views

Union Budget 2026-27 is a Roadmap to Viksit Bharat 2047: MoS Harsh Malhotra

07 February 2026 at 09:11

Minister of State Harsh Malhotra hailed Union Budget 2026-27 as a roadmap for Viksit Bharat 2047, highlighting infrastructure expansion, high-speed rail, expressways, skilling, AI and inclusive growth.

Posted in Union Budget | 330 Views

ICAI's Global Ascent: President's Message Highlights Reforms, WOFA 2.0 and International Leadership

07 February 2026 at 07:53

ICAI’s President reviews landmark initiatives including WOFA 2.0, ITEC programmes, audit reforms, sustainability reporting and ICAI's expanding global influence in the accounting profession.

Posted in Professional Resource | 309 Views

Section 332 Amended: Certain Funds Exempted from NPO Registration from April 2026

07 February 2026 at 07:53

Finance Bill 2026 amends section 332(1)(f) to exempt certain funds from mandatory NPO registration, effective from April 1, 2026.

Posted in Union Budget | 225 Views

Registered NPOs Get Relief as Commercial Activity No Longer a Specified Violation

07 February 2026 at 07:52

Finance Bill 2026 removes commercial activity by NPOs from the list of specified violations under section 351, reducing the risk of registration cancellation.

Posted in Union Budget | 1794 Views

NPO Merger Rules Amended: New Section 354A to Exempt Accreted Income Tax from April 2026

07 February 2026 at 07:52

New Section 354A under Finance Bill 2026 clarifies tax treatment on accreted income for mergers of registered non-profit organisations with similar objects.

Posted in Union Budget | 2367 Views

No TDS on Interest Paid to Co-operative Banks from 1st April 2026

07 February 2026 at 07:52

Budget 2026 proposes no TDS on interest paid to co-operative banking societies, aligning Section 393(4) with the Income-tax Act, effective April 2026.

Posted in Union Budget | 1836 Views

GST Portal Major Update: 'Additional Notices' Merged with Notices & Orders

06 February 2026 at 09:11

GSTN has merged the 'Additional Notices & Orders' tab with 'Notices and Orders' on the GST Portal, offering a single window for all GST communications and improved compliance tracking.

Posted in GST | 2004 Views

Income Tax Changes in Provident Funds: Schedule XI Rationalised from 1st April 2026

06 February 2026 at 07:13

Schedule XI of the Income-tax Act is being rationalised to remove outdated PF provisions and align with EPF laws. Know the major changes applicable from AY 2026-27.

Posted in Union Budget | 1260 Views