CAclubindia News

New Draft Form Proposed to Standardise Donation Deduction Certification Under Section 45(4)(a)

28 February 2026 at 07:01

The newly proposed Draft Form No. 16 standardises how eligible donation certificates are issued, ensuring better verification, deduction accuracy and improved tax reporting compliance.

Posted in Income Tax | 1350 Views

Detailed Valuation Report Format Proposed Under Section 514 for Asset Valuation

27 February 2026 at 06:48

Draft Form No. 170 proposes a structured valuation report format for registered valuers covering property, securities, plantations, jewellery and other assets under Section 514.

Posted in Income Tax | 3753 Views

Draft Form No. 86 Proposed to Regulate Digital Records and Seized Assets Under New Tax Law

27 February 2026 at 06:48

The Income Tax Department has released Draft Form No. 86 under Section 248(1) of the Income Tax Act, 2025, detailing procedures for issuing a warrant of authorisation to requisition books, documents, digital records, and undisclosed assets.

Posted in Income Tax | 2724 Views

AI in Tax Orders Under Scanner as Gujarat High Court Flags Fake Case Laws

27 February 2026 at 06:48

The Gujarat High Court has issued notices to CGST authorities after an order allegedly relied on AI-generated and non-existent case laws. The court seeks guidelines for quasi-judicial officers on citing High Court and Supreme Court judgments.

Posted in GST | 2088 Views

CA Final January 2026 Results likely to be declared on 1st March 2026

26 February 2026 at 16:05

The Institute of Chartered Accountants of India (ICAI) is expected to declare the CA Final January 2026 exam results by the evening of 1st March 2026. Candidates can check their results at icai.nic.in using their Registration Number and Roll Number.

Posted in Students | 5967 Views

Finance Ministry Notifies Aadhaar Authentication for CIBIL Credit Report Access

26 February 2026 at 09:20

The Finance Ministry has allowed TransUnion CIBIL to use Aadhaar authentication for credit report access. Aadhaar use is voluntary, and PAN, passport, voter ID and other documents remain valid alternatives.

Posted in Others | 645 Views

DGFT Extends Deadline for TRQ Applications Under Key FTAs for FY 2026-27

26 February 2026 at 08:40

DGFT extends TRQ application deadline to 15 March 2026 for FY 2026-27 under India-Sri Lanka FTA, India-Mercosur, and India-Mauritius CECPA, covering edible oils, spices, sugar, fish, apparel and beverages.

Posted in Others | 267 Views

TDS on Property, Rent & Virtual Digital Assets: Draft Form 141 Brings Detailed Reporting Norms

26 February 2026 at 08:40

The Income Tax Department releases Draft Form No. 141, a challan-cum-statement for TDS on rent, property transfers, professional payments and virtual digital assets.

Posted in Income Tax | 5469 Views

New Draft Form Introduced for Provisional Registration Under Income Tax Act, 2025

26 February 2026 at 08:40

Draft Form 104 mandates detailed disclosures, beneficial ownership reporting, and document submissions for non-profit organisations seeking provisional registration.

Posted in Income Tax | 7359 Views

ICAI to implement 11 ISAS to Strengthen Digital Audits

26 February 2026 at 08:40

The Institute of Chartered Accountants of India (ICAI) introduces 11 Information Systems Audit Standards (ISAs) to enhance audit quality and strengthen governance within India's fast-growing digital ecosystem.

Posted in Audit | 2541 Views