CAclubindia News

Customs Duty Exemption Expanded: Govt Inserts New Entry 825A with Nil Customs Duty on Goods Under Tariff Item 26020010

10 June 2026 at 09:28

The Central Government has issued Notification No. 21/2026-Customs dated June 9, 2026, granting a 0% customs duty exemption to all goods classified under tariff item 26020010 by inserting a new Entry 825A in Notification No. 62/2022-Customs.

Posted in Custom | 261 Views

GSTN Extends Mandatory 'Ship To GSTIN' and E-Way Bill Closure Features to 1st August 2026

10 June 2026 at 09:20

GSTN has extended the implementation date for mandatory Ship To GSTIN capture and voluntary E-Way Bill closure functionality from June 15, 2026, to August 1, 2026, providing additional time for businesses, GSPs and ERP providers to prepare.

Posted in GST | 1 comments | 9150 Views

CBIC Centralizes Adjudication of Multiple Customs Show Cause Notices Against Hewlett-Packard Enterprise India

09 June 2026 at 09:28

The Ministry of Finance has issued Customs Notification No. 50/2026 appointing a common adjudicating authority to handle multiple customs show cause notices issued to Hewlett-Packard Enterprise India Pvt. Ltd. across various customs formations in India.

Posted in Custom | 3558 Views

Senior Citizens Welfare Fund Interest Rate Fixed at 6.85% for FY 2025-26

09 June 2026 at 09:20

The Ministry of Finance has notified an interest rate of 6.85% on deposits under the Senior Citizens Welfare Fund (SCWF) for the period from April 1, 2025 to March 31, 2026. Read the details of the latest notification.

Posted in Income Tax | 4542 Views

CBDT Releases Guidelines for Compulsory Income Tax Scrutiny During FY 2026-27

08 June 2026 at 09:31

CBDT has issued the guidelines for compulsory selection of income tax returns for complete scrutiny during FY 2026-27. Check the six categories of cases that will face mandatory scrutiny, key compliance requirements and important deadlines.

Posted in Income Tax | 1 comments | 80208 Views

ICAI to Launch PM Internship Scheme for CA Firms, Revised Code of Ethics to Permit Limited Advertising

08 June 2026 at 09:20

ICAI President CA Prasanna Kumar D announces PM Internship Scheme for CA firms and proposed revisions to the ICAI Code of Ethics permitting limited advertising and professional outreach.

Posted in Students | 38277 Views

RBI Simplifies FPI Investment Rules in Government Securities

06 June 2026 at 09:45

RBI removes key investment restrictions for FPIs in Government Securities under the General Route, merges investment limits, and expands the Fully Accessible Route (FAR) by including more G-Secs and Sovereign Green Bonds.

Posted in Community & General | 339 Views

FPI Investments in G-Secs Become Tax-Free Under Income-tax (Amendment) Ordinance, 2026

06 June 2026 at 09:35

The Income-tax (Amendment) Ordinance, 2026 exempts FPIs from tax on interest and capital gains from Government Securities, complementing major reforms to attract foreign investment.

Posted in Income Tax | 7950 Views

Finance Ministry Notifies Directorate of Naval Intelligence Under PMLA Information-Sharing Provisions

06 June 2026 at 09:23

The Finance Ministry has amended the PMLA information-sharing notification to include the Directorate of Naval Intelligence among agencies eligible to receive information under Section 66 of the Prevention of Money Laundering Act, 2002.

Posted in Community & General | 147 Views

Form 40 Mandatory for Claiming Relief on Foreign Pension Accounts under IT Act 2025

05 June 2026 at 09:36

The Income Tax Department has released detailed FAQs on Form 40 under the Income Tax Act 2025. Know who must file it, eligibility conditions, due dates, required documents and how to claim tax relief on foreign retirement benefit accounts.

Posted in Income Tax | 2469 Views