CAclubindia News
Govt Rejects 'Multi-Layered Tax Burden' Claims: Finance Ministry Cites Low Tax-to-GDP Ratio
19 February 2026 at 08:09The government has rejected claims of excessive multi-layered taxation, stating India's tax-to-GDP ratio remains among the lowest in the G20 while highlighting GST rationalisation and ongoing tax reforms aimed at simplification and compliance.
Section 112 GST Appeals: New Guidance Issued on Online Filing Challenges
19 February 2026 at 08:09Public Notice No. 02/2025-26 issued by the GST Appeals Commissionerate in Chennai clarifies timelines and grievance redressal for filing appeals before the GSTAT amid APL-04 portal issues under Section 112 of the CGST Act, 2017.
ICAI Reprimands CA for Filing Unsigned Financial Statements with MCA in AOC-4
18 February 2026 at 09:15ICAI Disciplinary Committee reprimands CA for certifying unsigned financial statements filed in Form AOC-4, holding him guilty of professional misconduct under CA Act, 1949.
ICAI Introduces UDIN Ceiling & Field-Level Validation for Section 44AB Tax Audits from 1st April 2026
18 February 2026 at 09:06ICAI announces field-level validation for all Section 44AB sub-categories and caps UDIN generation as per 60 tax audit limit from April 1, 2026. Read full details.
Recognised Stock Exchange Criteria Tightened Under Draft IT Rules 2026
18 February 2026 at 07:09Stock exchanges must maintain audit trails, prevent transaction erasure, record PAN and UCC, and submit monthly reports to DGIT under new Rule 4 of Draft IT Rules 2026.
SEZ Rules Amended in 2026: IFSCA Empowered to Issue Form GA for IFSC Units in GIFT City
18 February 2026 at 07:09The 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.
India's Currency in Circulation Hits Record Rs 40 Lakh Crore Despite UPI Surge
18 February 2026 at 07:09SBI 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.
Net Direct Tax Collection for FY 2025-26 Grows 9.4%, Refunds Drop 18.8%
17 February 2026 at 09:17India'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.
CA May 2026 Exams: ICAI Opens Online Empanelment for Observers, Check Eligibility & Key Dates
17 February 2026 at 09:10ICAI 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.
Draft Form 48 Introduced for Transfer Pricing Reporting Under Section 172 of IT Act, 2025
17 February 2026 at 07:00Draft 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.
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