CAclubindia News

Rectification, Assessment and Appeals Under Income Tax Act 2025

17 August 2026 at 09:17

Income Tax Act 2025: Understand key rules on rectification, assessment, reassessment and appeals, including timelines, fees and appellate authorities.

Posted in Income Tax | 3804 Views

CBDT Notifies Foreign Assets of Small Taxpayers-Disclosure Scheme Rules, 2026

17 August 2026 at 09:12

CBDT notifies Foreign Assets of Small Taxpayers–Disclosure Scheme Rules 2026, covering eligibility, valuation, tax, penalty, forms, payment timelines and immunity for undisclosed foreign assets.

Posted in Income Tax | 1 comments | 5370 Views

Key Allowances and Deductions Available to Taxpayers for Tax Year 2026-27

15 August 2026 at 09:06

Income Tax Act 2025: Check key allowances, deductions and exemptions for TY 2026-27 covering salaries, HRA, house property, business, capital gains and family pension.

Posted in Income Tax | 1 comments | 2814 Views

CBDT Issues FAQs on Section 536 Transition Provisions Under Income Tax Act, 2025

15 August 2026 at 09:06

CBDT issues FAQs on Section 536 of the Income-tax Act, 2025, clarifying transition rules for summons, searches, assessments, recovery, penalties, TCCs, 12AB/80G and LDC/NDC applications.

Posted in Income Tax | 1 comments | 3897 Views

Tax Benefits for Senior Citizens in FY 2026-27: Deductions, TDS Relief and ITR Exemptions

14 August 2026 at 09:27

Know the tax benefits available to senior and super senior citizens under the Income-tax Act, 2025. Check deductions up to Rs. 1 lakh, TDS relief, interest income benefits, ITR exemptions and advance tax rules.

Posted in Income Tax | 2 comments | 49989 Views

CBDT Releases Guidance Note on Crypto-Asset Reporting Obligations under Income Tax Act 2025

14 August 2026 at 09:21

CBDT has released a Guidance Note on Crypto-Asset Reporting Obligations under the Income Tax Act, 2025.

Posted in Income Tax | 2712 Views

Taxpayers Beware: PIB Exposes Fake Income Tax Notice Asking for Rs 6000 Payment

13 August 2026 at 09:34

PIB Fact Check has warned taxpayers about a fake Income Tax notice demanding ₹6,000. The government has confirmed it is a phishing scam and urged citizens to stay alert.

Posted in Income Tax | 2580 Views

NCLT Launches e-Inspection and e-Certified Copy Services to Enhance Digital Access for Stakeholders

13 August 2026 at 09:22

NCLT has launched e-Inspection and e-Certified Copy Services, enabling faster online access to judicial records while advancing its digital transformation and efficiency initiatives.

Posted in LAW | 567 Views

ITR-7 Online Utility Enabled on Income Tax Portal for AY 2026-27

13 August 2026 at 09:16

The Income Tax Department has enabled the online utility for ITR-7 for AY 2026-27. Eligible trusts, institutions, and exempt entities can now file returns on the e-Filing portal.

Posted in Income Tax | 615 Views