CAclubindia News

ICAI Extends Time Limit for Transfer of Goodwill of Deceased CA Proprietor Firms from 1 Year to 3 Years

27 July 2026 at 09:21

ICAI has extended the time limit for transfer of goodwill of a deceased member's proprietary CA firm from 1 year to 3 years under the Code of Ethics, 2026.

Posted in Professional Resource | 2430 Views

Draft Insurance Rules 2026 Released: Centre Proposes Major Overhaul of 87-Year-Old Insurance Rules

25 July 2026 at 09:33

The Centre has released Draft Insurance Rules, 2026 to replace the Insurance Rules, 1939. The proposed framework introduces reforms on transparency, governance, agent regulation, insurer oversight and premium payment norms.

Posted in Investments & Personal Finance | 1 comments | 3441 Views

FM Sitharaman Calls for Greater Tax Certainty and Reduced Litigation at 167th Income Tax Day Celebration

25 July 2026 at 09:21

Finance Minister Nirmala Sitharaman outlined the 5Rs of Responsive Tax Governance at the 167th Income Tax Day celebrations, emphasizing tax certainty, reduced litigation, taxpayer-centric reforms, and the transformative impact of the Income-tax Act, 2025.

Posted in Income Tax | 1455 Views

ICAI and IIPA Join Hands to Strengthen Municipal Finance, Accounting and Urban Governance

24 July 2026 at 09:41

The Institute of Chartered Accountants of India (ICAI), through its Public and Government Financial Management Committee (PGFMC), signed an Memorandum of Understanding (MoU) with the Centre for Urban Studies (CUS) of the Indian Institute of Public Ad

Posted in Professional Resource | 258 Views

Centre Notifies Additional PMLA Special Courts in Gujarat

24 July 2026 at 09:34

The Central Government has amended the PMLA notification to designate additional Special Courts in Gujarat, including CBI Special Courts in Ahmedabad and the Principal District Judge, Surat.

Posted in Income Tax | 1680 Views

CBDT Grants Section 10(46) Exemption to District Legal Services Authority, Jind

23 July 2026 at 09:23

CBDT Notification No. 92/2026 grants Section 10(46) income-tax exemption to District Legal Services Authority (DLSA), Jind on specified income for FY 2022-23 to FY 2025-26, subject to prescribed conditions.

Posted in Income Tax | 1 comments | 2016 Views

CBDT Revises 'Specified Fund' Definition Under Income Tax Act, 2025

22 July 2026 at 08:00

The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Second Amendment) Rules, 2026, introducing an important amendment to the definition of "specified fund" under the Income-tax Rules, 2026.The amendment has been issued through Notif

Posted in Income Tax | 3123 Views

No Proposal to Scrap LTCG Tax for Retail Investors, Govt Clarifies in Lok Sabha

22 July 2026 at 07:40

The Government has clarified in Lok Sabha that there is currently no proposal to scrap the 12.5% Long-Term Capital Gains (LTCG) tax on equity investments for domestic investors.

Posted in Income Tax | 2280 Views

RBI Releases Draft Foreign Investment Rules 2026, Invites Public Comments Till 31st August

22 July 2026 at 07:12

RBI has released the draft Foreign Investment Rules, 2026 to replace the NDI Rules, 2019. The proposed framework aims to simplify FEMA regulations, align with FDI policy, reduce compliance burden, and enhance ease of doing business.

Posted in Investments & Personal Finance | 483 Views

CBDT Enables Foreign Assets Reporting in AIS: Taxpayers Can Now View CRS/FATCA Data Online

21 July 2026 at 09:48

CBDT has enabled display of foreign asset and income information received under CRS/FATCA in AIS. Taxpayers can now view overseas account and investment data on the Income Tax portal.

Posted in Income Tax | 1 comments | 2673 Views