CAclubindia News

SEZ Rules Amended in 2026: IFSCA Empowered to Issue Form GA for IFSC Units in GIFT City

18 February 2026 at 07:09

The SEZ Rules, 2026 amend Rule 19, empowering IFSCA to issue Form GA for IFSC units in GIFT City. Here's what the new approval framework means.

Posted in Community & General | 525 Views

India's Currency in Circulation Hits Record Rs 40 Lakh Crore Despite UPI Surge

18 February 2026 at 07:09

SBI Research reports 11% YoY growth in currency in circulation to Rs 40 lakh crore despite booming UPI payments. GST notices may have influenced cash use.

Posted in Community & General | 135 Views

Net Direct Tax Collection for FY 2025-26 Grows 9.4%, Refunds Drop 18.8%

17 February 2026 at 09:17

India's net direct tax collection for FY 2025-26 rises 9.40% to Rs 19.43 lakh crore as on February 10, 2026. Check corporate tax, non-corporate tax, refunds and gross collection details.

Posted in Income Tax | 210 Views

CA May 2026 Exams: ICAI Opens Online Empanelment for Observers, Check Eligibility & Key Dates

17 February 2026 at 09:10

ICAI invites applications from eligible members for Observer empanelment for CA May 2026 Exams. Check eligibility criteria, honorarium details, cooling-off rule, key dates and application process.

Posted in Students | 4236 Views

Draft Form 48 Introduced for Transfer Pricing Reporting Under Section 172 of IT Act, 2025

17 February 2026 at 07:00

Draft Form 48 under Section 172 of the Income-tax Act, 2025 introduces a detailed reporting framework for international and specified domestic transactions, mandating transaction-wise ALP computation and CA certification for transfer pricing compliance.

Posted in Income Tax | 3333 Views

New Form 66 for Section 206 Book Profit: Companies to File CA-Certified Report

17 February 2026 at 07:00

Draft Form 66 introduces a structured reporting framework for computation of book profit under Section 206(1) of the Income Tax Act, 2025. The form mandates detailed Ind AS transition disclosures and CA certification for companies.

Posted in Income Tax | 4029 Views

RBI Issues New Amendment Directions on Capital Market Exposure to Boost Banking Finance

17 February 2026 at 07:00

RBI has issued Amendment Directions on Capital Market Exposure, enabling acquisition financing, easing lending norms against market securities and strengthening risk management for banks to support capital market growth while ensuring financial stability.

Posted in Community & General | 1959 Views

FM Sitharaman vs Jaya Bachchan: Fiery Exchange Over Entertainment Tax in Rajya Sabha

16 February 2026 at 13:21

Finance Minister Nirmala Sitharaman and SP MP Jaya Bachchan clash in Rajya Sabha during Budget 2026 debate over film industry taxes and ticket pricing.

Posted in Income Tax | 339 Views

Lower TDS or Nil Deduction? Draft Form 128 Sets New Electronic Application Rules

16 February 2026 at 08:43

The Government has released Draft Form No. 128, prescribing the format for applying for a certificate for lower or nil deduction of income-tax (TDS) and lower collection of income-tax (TCS) under Section 395(1) and 395(3) of the Income-tax Act, 2025.

Posted in Income Tax | 5832 Views

Rule 285 Mandates Form 178 Filing for Capital Gains Exemption

16 February 2026 at 08:43

Rule 285 under Draft Income-tax Rules 2026 explains how specified funds can compute exempt capital gains on fund relocation and outlines Form 178 compliance requirements.

Posted in Income Tax | 2781 Views