CAclubindia News

AI in Tax Orders Under Scanner as Gujarat High Court Flags Fake Case Laws

27 February 2026 at 06:48

The Gujarat High Court has issued notices to CGST authorities after an order allegedly relied on AI-generated and non-existent case laws. The court seeks guidelines for quasi-judicial officers on citing High Court and Supreme Court judgments.

Posted in GST | 2097 Views

CA Final January 2026 Results likely to be declared on 1st March 2026

26 February 2026 at 16:05

The Institute of Chartered Accountants of India (ICAI) is expected to declare the CA Final January 2026 exam results by the evening of 1st March 2026. Candidates can check their results at icai.nic.in using their Registration Number and Roll Number.

Posted in Students | 5970 Views

Finance Ministry Notifies Aadhaar Authentication for CIBIL Credit Report Access

26 February 2026 at 09:20

The Finance Ministry has allowed TransUnion CIBIL to use Aadhaar authentication for credit report access. Aadhaar use is voluntary, and PAN, passport, voter ID and other documents remain valid alternatives.

Posted in Community & General | 651 Views

DGFT Extends Deadline for TRQ Applications Under Key FTAs for FY 2026-27

26 February 2026 at 08:40

DGFT extends TRQ application deadline to 15 March 2026 for FY 2026-27 under India-Sri Lanka FTA, India-Mercosur, and India-Mauritius CECPA, covering edible oils, spices, sugar, fish, apparel and beverages.

Posted in Community & General | 270 Views

TDS on Property, Rent & Virtual Digital Assets: Draft Form 141 Brings Detailed Reporting Norms

26 February 2026 at 08:40

The Income Tax Department releases Draft Form No. 141, a challan-cum-statement for TDS on rent, property transfers, professional payments and virtual digital assets.

Posted in Income Tax | 5478 Views

New Draft Form Introduced for Provisional Registration Under Income Tax Act, 2025

26 February 2026 at 08:40

Draft Form 104 mandates detailed disclosures, beneficial ownership reporting, and document submissions for non-profit organisations seeking provisional registration.

Posted in Income Tax | 7404 Views

ICAI to implement 11 ISAS to Strengthen Digital Audits

26 February 2026 at 08:40

The Institute of Chartered Accountants of India (ICAI) introduces 11 Information Systems Audit Standards (ISAs) to enhance audit quality and strengthen governance within India's fast-growing digital ecosystem.

Posted in Audit | 2547 Views

MCA Launches Companies Compliance Facilitation Scheme 2026 with Major Relief on Late Filing Fees

25 February 2026 at 09:08

MCA introduces Companies Compliance Facilitation Scheme 2026 allowing companies to clear pending filings with just 10% additional fees. Scheme open till July 15, 2026.

Posted in Corporate Law | 5847 Views

Fake GST Officials Rob Rs 2.4 Crore Gold in Chennai

25 February 2026 at 08:54

Two men, including a courier employee, were arrested in Chennai for impersonating GST officials and stealing 1.5kg gold jewellery worth Rs 2.4 crore near Guindy flyover. Full details here.

Posted in GST | 459 Views

Rs 590 Crore IDFC First Bank Fraud: Full Timeline, Govt Funds Recovery, Market Impact Explained

25 February 2026 at 08:54

IDFC First Bank faces scrutiny after a Rs 590 crore fraud linked to Haryana government accounts. Here's the timeline, investigation updates and market impact.

Posted in Community & General | 2082 Views