CAclubindia News

No Change in MSME Payment Compliance: Government Defends Section 43B(h) in Parliament

28 July 2026 at 09:37

The Finance Ministry has clarified in Rajya Sabha that Section 43B(h) links tax deduction claims to timely payments made to micro and small enterprises, aiming to improve MSME cash flow and working capital availability.

Posted in Income Tax | 1 comments | 4179 Views

CBDT Extends Tax Exemption Benefits to Maharashtra Fees Regulating Authority Under Section 10(46)

28 July 2026 at 09:29

CBDT has notified Maharashtra's Fees Regulating Authority under Section 10(46), exempting specified income including processing fees, government grants, and interest income for AY 2022-23 to AY 2026-27, subject to prescribed conditions.

Posted in Income Tax | 1 comments | 510 Views

CBDT Notifies ITR-BN Under Income Tax Rules 2026 for Block Assessment Cases

27 July 2026 at 09:29

CBDT has notified ITR-BN through the Income Tax (Third Amendment) Rules, 2026 for block assessment cases arising from search and requisition proceedings under the Income Tax Act, 2025. Know the key details.

Posted in Income Tax | 1 comments | 12924 Views

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 | 1 comments | 2952 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 | 4119 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 | 1 comments | 1617 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 | 1 comments | 423 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 | 1 comments | 1902 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 | 2145 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 | 1 comments | 3282 Views