CAclubindia News

Senior Citizens Welfare Fund Interest Rate Fixed at 6.85% for FY 2025-26

09 June 2026 at 09:20

The Ministry of Finance has notified an interest rate of 6.85% on deposits under the Senior Citizens Welfare Fund (SCWF) for the period from April 1, 2025 to March 31, 2026. Read the details of the latest notification.

Posted in Income Tax | 1 comments | 4632 Views

CBDT Releases Guidelines for Compulsory Income Tax Scrutiny During FY 2026-27

08 June 2026 at 09:31

CBDT has issued the guidelines for compulsory selection of income tax returns for complete scrutiny during FY 2026-27. Check the six categories of cases that will face mandatory scrutiny, key compliance requirements and important deadlines.

Posted in Income Tax | 1 comments | 80478 Views

ICAI to Launch PM Internship Scheme for CA Firms, Revised Code of Ethics to Permit Limited Advertising

08 June 2026 at 09:20

ICAI President CA Prasanna Kumar D announces PM Internship Scheme for CA firms and proposed revisions to the ICAI Code of Ethics permitting limited advertising and professional outreach.

Posted in Students | 1 comments | 38520 Views

RBI Simplifies FPI Investment Rules in Government Securities

06 June 2026 at 09:45

RBI removes key investment restrictions for FPIs in Government Securities under the General Route, merges investment limits, and expands the Fully Accessible Route (FAR) by including more G-Secs and Sovereign Green Bonds.

Posted in Community & General | 1 comments | 750 Views

FPI Investments in G-Secs Become Tax-Free Under Income-tax (Amendment) Ordinance, 2026

06 June 2026 at 09:35

The Income-tax (Amendment) Ordinance, 2026 exempts FPIs from tax on interest and capital gains from Government Securities, complementing major reforms to attract foreign investment.

Posted in Income Tax | 1 comments | 8145 Views

Finance Ministry Notifies Directorate of Naval Intelligence Under PMLA Information-Sharing Provisions

06 June 2026 at 09:23

The Finance Ministry has amended the PMLA information-sharing notification to include the Directorate of Naval Intelligence among agencies eligible to receive information under Section 66 of the Prevention of Money Laundering Act, 2002.

Posted in Community & General | 1 comments | 285 Views

Form 40 Mandatory for Claiming Relief on Foreign Pension Accounts under IT Act 2025

05 June 2026 at 09:36

The Income Tax Department has released detailed FAQs on Form 40 under the Income Tax Act 2025. Know who must file it, eligibility conditions, due dates, required documents and how to claim tax relief on foreign retirement benefit accounts.

Posted in Income Tax | 1 comments | 2628 Views

ICAI Faculty Empanelment 2026: Eligibility, Experience Requirements and Last Date

05 June 2026 at 09:24

Learn about ICAI Faculty Empanelment 2026, including eligibility criteria, teaching experience requirements, application process, important guidelines and the last date to apply for faculty empanelment.

Posted in Students | 1 comments | 17772 Views

ICAI Code of Ethics 2026 Recommends Digital-Only Payment of Audit Fees

04 June 2026 at 09:37

ICAI's Code of Ethics 2026 recommends that chartered accountants and firms accept audit fees only through digital modes or banking channels, promoting transparency, accountability and professional integrity.

Posted in Audit | 1 comments | 14181 Views

RBI Denies Reports of Gold Sale, Confirms Gold Reserves Unchanged at 880.52 Tonnes

04 June 2026 at 09:30

RBI has clarified that reports suggesting the sale of its gold reserves are incorrect. The central bank confirmed that its physical gold stock remains unchanged at 880.52 tonnes and urged the public to rely on official information.

Posted in Community & General | 1 comments | 492 Views