CAclubindia News
Draft Form 165 Signals Stricter Financial Reporting Norms for Banks and Institutions
25 February 2026 at 08:54The Income Tax Department has released Draft Form 165 for reporting Specified Financial Transactions under the Income-tax Act 2025. Learn key reporting requirements, transaction coverage and compliance impact for banks, institutions and taxpayers.
FM Sitharaman Warns Banks: Mis-Selling Financial Products is an Offence, RBI to Tighten Rules
24 February 2026 at 08:58Finance Minister Nirmala Sitharaman warns banks that mis-selling financial products is an offence as the RBI prepares stricter guidelines to improve transparency, compliance and customer protection.
India-France Tax Treaty Updated: New Protocol Revises Capital Gains, Dividend Rules
24 February 2026 at 07:05India and France sign protocol to amend DTAA, revising capital gains rules, dividend tax rates, MFN clause and PE definition to boost tax certainty and investment flows.
Rs 1.25 Crore GST Notice Shocks Poor Potter in Uttar Pradesh, Alleges PAN Misuse
24 February 2026 at 07:06A poor potter from Uttar Pradesh alleges PAN and Aadhaar misuse after receiving a Rs 1.25 crore GST notice linked to fake firms. Read the full story.
Credit Card Payments Above Rs 10 Lakh to Be Reported Under Proposed Tax Rules 2026
24 February 2026 at 07:04Draft Income-tax Rules 2026 tighten oversight on credit card usage with new reporting thresholds, perquisite rules, and compliance requirements explained.
New Tax Draft Form Introduced for Provident and Gratuity Fund Nominations
23 February 2026 at 06:54Draft Form 184 under Draft Income Tax Rules 2026 introduces a new nomination format for provident and gratuity funds. Know key details, purpose and impact on employees.
Draft Form 124 Proposes Mandatory Disclosure of Relationship With Landlord for HRA Claims
23 February 2026 at 06:54Draft Form 124 under Draft Income Tax Rules 2026 proposes detailed reporting for HRA claims including landlord PAN, Aadhaar, rent details, and supporting documents. Know impact.
Madhya Pradesh Tax Bodies Seek Relief from Mandatory English Translation Rule for GST Tribunal Appeals
23 February 2026 at 06:54Indore tax consultants seek removal of English translation rule for GST appeals, saying it increases compliance costs in Hindi-speaking states.
GSTN Enables Online Facility to Withdraw from Rule 14A via Form GST REG-32
23 February 2026 at 06:54GSTN enables taxpayers to withdraw from Rule 14A via Form GST REG-32 on the GST Portal. Know eligibility, steps, timelines, Aadhaar authentication and key conditions.
IT Department Sends Notices to High-Earning Senior Executives for Undisclosed Foreign Assets
21 February 2026 at 08:27Income Tax Department scrutinizes high-earning executives with salaries over Rs 50 lakh for underreporting income, hiding foreign assets and claiming unwarranted exemptions. Notices issued, penalties may follow.
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