CAclubindia News

Income Tax Department Releases ITR-7 Excel Utility for AY 2026-27

11 July 2026 at 09:23

Income Tax Department releases ITR-7 Excel Utility Version 1.0 for AY 2026-27. Eligible trusts, institutions, political parties, and entities can now prepare and file returns under Sections 139(4A), 139(4B), 139(4C), and 139(4D).

Posted in Income Tax | 1 comments | 264 Views

CBDT Authorises DGIT (Systems) to Upload Global Financial Information in AIS Under Income Tax Act, 2025

10 July 2026 at 09:29

CBDT has authorised the Director General of Income-tax (Systems) to upload information received under the Automatic Exchange of Information (AEOI) framework into the AIS through Form No. 168 under the Income-tax Act, 2025.

Posted in Income Tax | 1 comments | 2916 Views

ICAI Invites Public Comments on Revised Guidance Note for Tax Audit under Section 44AB of IT Act 1961

10 July 2026 at 09:17

ICAI has released the Exposure Draft of the revised Guidance Note on Tax Audit under Section 44AB and invited public comments. Submit suggestions by July 25.

Posted in Income Tax | 1 comments | 2325 Views

MCA Extends CCFS-2026 Deadline to 31st August 2026 Amid Data Centre Restoration

09 July 2026 at 09:34

MCA has extended the Companies Compliance Facilitation Scheme (CCFS-2026) till 31st August 2026, providing companies with additional time to complete pending statutory filings.

Posted in Corporate Law | 1 comments | 3225 Views

ITR-5 Excel Utility for AY 2026-27 Released

09 July 2026 at 09:25

The Income Tax Department has released the ITR-5 Excel Utility for AY 2026-27 on July 7, 2026. Eligible firms, LLPs, AOPs and other taxpayers can now download the utility, schema and validation files for return filing.

Posted in Income Tax | 1 comments | 672 Views

PFMS Users Can Now Authenticate Using PAN or Bank Account Under Revised Aadhaar Rules

08 July 2026 at 09:35

Finance Ministry has revised the PFMS Aadhaar authentication notification, enabling verification through bank account or PAN-based OTP and extending coverage to both PFMS web and mobile applications.

Posted in Income Tax | 1 comments | 2601 Views

CBDT Grants Tax Exemption to NCCL's Core Settlement Guarantee Fund Till AY 2026-27

08 July 2026 at 09:29

The Central Government has granted tax-exempt status to NCCL's Core Settlement Guarantee Fund under Section 10(23EE) for AY 2019-20 to 2026-27.

Posted in Income Tax | 1 comments | 1650 Views

Centre Expands NPS Investment Options for Employees of Autonomous Bodies

08 July 2026 at 09:23

Finance Ministry extends additional NPS investment choices to Central Autonomous Body employees, allowing better alignment with risk and retirement goals.

Posted in Investments & Personal Finance | 1 comments | 222 Views

ICAI Denies Social Media Claims of Data Breach, Assures Students and Members of Robust Data Security

07 July 2026 at 09:15

ICAI has dismissed social media allegations of a data breach involving members' records and examination data, calling the claims false, baseless, and malicious while assuring stakeholders that its data security systems remain robust.

Posted in Students | 1 comments | 2862 Views

Finance Ministry Notifies 7.1% Interest on Special Deposit Scheme Deposits for Q2 FY 2026-27

07 July 2026 at 09:17

The Finance Ministry has notified a 7.1% interest rate on deposits under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds for the period July 1 to September 30, 2026.

Posted in Investments & Personal Finance | 1 comments | 459 Views