CAclubindia News

CBDT Introduces Form 81 for Shipping Companies under Income Tax Act 2025

12 May 2026 at 09:21

CBDT’s new Form 81 under the Income-tax Rules 2026 replaces Form 66 for companies opting for the Tonnage Tax Scheme. Know applicability, reporting requirements, audit details, annexures and compliance obligations.

Posted in Income Tax | 1 comments | 3111 Views

CBDT Introduces Major Changes in APA Regime under Income Tax Rules 2026

11 May 2026 at 09:13

CBDT has revamped the Advance Pricing Agreement (APA) framework under Income Tax Rules 2026 with new Forms 51-54, standardised Rs 20 lakh filing fee, simplified compliance, rollback provisions and faster processing timelines. Check key changes.

Posted in Income Tax | 1 comments | 5769 Views

New Forms 42 & 43 under Income Tax Rules, 2026 Introduced for Tax Residency Certificate in India

11 May 2026 at 09:12

Getting a Tax Residency Certificate (TRC) is now easier! Under Income Tax Rules 2026, taxpayers can apply online via Form 42 and receive a digital TRC in Form 43. Know the new process.

Posted in Income Tax | 1 comments | 7521 Views

ICAI Issues Advisory on Unauthorized Calls, Emails and Scam Messages Targeting CAs & Students

11 May 2026 at 09:09

ICAI has issued a fraud alert warning members, students and the public against fake calls, WhatsApp messages, emails and scam communications falsely claiming to represent the Institute. Stay alert and verify only through official ICAI channels.

Posted in Students | 1 comments | 2886 Views

GST Refund Filing Gets Stricter: Annexure-B Upload in JSON Format Now Mandatory for Unused ITC Claims

09 May 2026 at 09:45

GST portal updates refund filing utility for unused ITC claims. Annexure-B upload in JSON format now mandatory with invoice-level GSTR-2B validation and enhanced reconciliation requirements.

Posted in GST | 1 comments | 6360 Views

GST Update: Centre Revises HSN Code in Notifications Issued on April 30, 2026

09 May 2026 at 09:25

The Ministry of Finance has issued corrigenda to amend GST rate notifications dated April 30, 2026, replacing HSN code 2202 99 90 with 2202 91 00 under IGST, CGST and UTGST notifications.

Posted in GST | 1 comments | 6246 Views

GSTAT Principal Bench Empowered to Hear Section 101B Appeals from 1st April 2026

09 May 2026 at 09:20

The Ministry of Finance has empowered the Principal Bench of the GST Appellate Tribunal (GSTAT), New Delhi, to hear appeals under Section 101B of the CGST Act, 2017. The notification is effective retrospectively from April 1, 2026.

Posted in GST | 1 comments | 1746 Views

ICAI Takes Disciplinary Action for Non-Payment of Membership Fees Effective 1st November 2023

08 May 2026 at 09:45

ICAI has issued an Extraordinary Gazette Notification removing several Chartered Accountants from the register of members due to non-payment of prescribed fees under the Chartered Accountants Act, 1949. Check key details, effective date and implications.

Posted in Professional Resource | 1 comments | 6459 Views

RBI Issues FEMA (Authorised Persons) Regulations, 2026 to Streamline Forex Authorisation Framework

08 May 2026 at 09:32

RBI issues Foreign Exchange Management (Authorised Persons) Regulations, 2026 to simplify forex authorisation, expand the principal-agent model and strengthen India's foreign exchange regulatory framework under FEMA.

Posted in Community & General | 1 comments | 288 Views

Forms 56 to 60: Simplified Master File & CbCR Forms Under Income Tax Act 2025

08 May 2026 at 09:26

The IT Dept has introduced simplified Master File and CbCR forms under the IT Act, 2025. Effective from April 1, 2026, the new Forms 56 to 60 aim to simplify transfer pricing compliance

Posted in Income Tax | 1 comments | 2649 Views