CAclubindia News

Form 185: New PF Reporting Rules Under Income Tax Act 2025

29 April 2026 at 09:21

OverviewThe Income-tax framework continues to evolve with structured compliance mechanisms, and Form 185 has emerged as a key documentation requirement for Recognised Provident Funds (RPFs). Introduced under the Income-tax Rules, 2025, this form stan

Posted in Income Tax | 3804 Views

Form 122 under IT Act 2025: New Tax Declaration for Salaried Employees

29 April 2026 at 09:18

Form 122 under the Income-tax Act 2025 replaces Forms 12B & 12BAA, enabling salaried employees to report multiple incomes, claim TDS credits, and reduce excess tax deductions. Learn key details, benefits, FAQs and filing process.

Posted in Income Tax | 7113 Views

RBI Issues Final Directions on Forex Derivatives Reporting for AD Category-I Banks

28 April 2026 at 09:05

RBI finalizes reporting norms for Authorised Dealer Category-I banks, mandating disclosure of global INR forex derivative transactions to CCIL to boost transparency.

Posted in Others | 597 Views

Form 65 Under Income Tax Act 2025: Complete Guide to 10% Tax on Patent Royalty

28 April 2026 at 09:05

Understand Form 65 under the Income Tax Act 2025. Learn eligibility, 10% concessional tax on patent royalty, filing process, documents required and 5-year lock-in rules.

Posted in Income Tax | 2493 Views

Aadhaar Not a Valid Proof of Date of Birth: UIDAI Issues Official Clarification

27 April 2026 at 09:21

UIDAI clarifies that Aadhaar is not a valid proof of date of birth. Learn what the latest circular means for identity verification, KYC and official documentation in India.

Posted in Income Tax | 3654 Views

RBI Cancels Paytm Payments Bank Licence Under Banking Regulation Act

27 April 2026 at 09:14

The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank effective April 24, 2026, citing serious governance lapses and regulatory non-compliance under the Banking Regulation Act, 1949.

Posted in Others | 2214 Views

Form 25 Under Income Tax Rules 2026: Key Rules for Medical Professionals

27 April 2026 at 09:13

The Income Tax Department releases FAQs on Form 25, detailing compliance rules for medical professionals, record-keeping requirements and key provisions under Rule 46 of Income-tax Rules, 2026.

Posted in Income Tax | 5037 Views

FM Sitharaman Flags 'Mythos' AI Threat, Urges Banks to Strengthen Cyber Defences

25 April 2026 at 09:21

Union Finance Minister Nirmala Sitharaman warns of emerging AI risks like 'Mythos' and directs banks to collaborate under SBI's leadership to strengthen cybersecurity and resilience.

Posted in Others | 1152 Views

FM Sitharaman Calls for Human Interface in Banking Despite Digital Push

25 April 2026 at 09:13

Finance Minister Nirmala Sitharaman stresses the need for a "human interface" in banking services, balancing digitisation with customer support, MSME funding and cybersecurity preparedness.

Posted in Others | 132 Views

New Form 34 for Tax Audit Assessees: 30% Deduction on Employee Cost

25 April 2026 at 09:13

Form 34 under the Income-tax Act, 2025 is now mandatory for claiming 30% deduction on additional employee cost. Check eligibility, due date and filing rules.

Posted in Income Tax | 2931 Views