CAclubindia News

ICAI Defers Implementation of SQM 1 & SQM 2; SQC 1 to Continue Until Further Notice

02 April 2026 at 09:29

ICAI has deferred the mandatory implementation of SQM 1 and SQM 2, originally effective from April 1, 2026. Until further notice, the existing SQC 1 standard will continue to apply to audit and assurance firms.

Posted in Audit | 522 Views

New PAN Correction Rules 2026: CBDT Introduces Forms PAN CR-01 & CR-02

02 April 2026 at 09:26

CBDT introduces new PAN correction forms (PAN CR-01 & CR-02) effective April 1, 2026, alongside the Finance Act 2026 notification. Check updated procedures, compliance rules and key tax insights.

Posted in Income Tax | 5874 Views

CBDT Introduces New DIN Rules for Income Tax Notices in 2026

02 April 2026 at 09:26

CBDT Circular 4/2026 mandates DIN for all income-tax communications. Check new rules, exceptions, approval process, and compliance requirements.

Posted in Income Tax | 4464 Views

Customs Amendment 2026: Relief for SEZ Goods Entering Domestic Market

02 April 2026 at 09:22

Government notifies Customs exemption for SEZ units on DTA supplies from April 1, 2026. Check key rates, conditions, sectors covered and impact on industry.

Posted in Custom | 672 Views

Big Tax Update: CBDT Revises Rule 128 Under Income Tax Rules 2026

02 April 2026 at 09:22

CBDT notifies Income-tax (Amendment) Rules, 2026 effective April 1. Key changes in Rule 128 clarify GAAR applicability and provide relief for pre-2017 investments.

Posted in Income Tax | 4857 Views

CBDT Amends Rule 10U: No GAAR on Pre-April 2017 Investments

02 April 2026 at 09:19

CBDT amends Rule 10U under Income-tax Rules, 1962 via Tenth Amendment Rules 2026, excluding pre-April 2017 investments from GAAR provisions. Key details inside...

Posted in Income Tax | 3282 Views

CBIC Removes Rs 10 Lakh Cap on Courier Exports from 1st April 2026

02 April 2026 at 09:17

Major CBIC reforms ease courier exports, remove Rs 10 lakh limit, and introduce RTO facility to boost MSMEs, startups, and global trade efficiency.

Posted in Custom | 75 Views

CBDT Signs Record 219 APAs in FY 2025-26

02 April 2026 at 09:17

CBDT signs record 219 APAs in FY 2025-26, crossing 1000 agreements milestone. Safe Harbour reforms boost tax certainty and ease of doing business.

Posted in Income Tax | 75 Views

CBDT Clarifies Reporting Norms for Sovereign Wealth Funds Under IT Act 2025

01 April 2026 at 09:30

CBDT Circular 03/2026 introduces new compliance rules for Sovereign Wealth Funds under the Income-tax Act 2025, including Form I application and quarterly Form II reporting from April 1, 2026.

Posted in Income Tax | 2229 Views

CBDT Notifies New ITR-U Form Under Income Tax Rules 2026

01 April 2026 at 09:29

CBDT introduces updated ITR-U form via Income-tax (Ninth Amendment) Rules, 2026, allowing taxpayers to revise income within 48 months. Check eligibility, penalties and key details.

Posted in Income Tax | 708 Views