CAclubindia News
RBI Cancels Paytm Payments Bank Licence Under Banking Regulation Act
27 April 2026 at 09:14The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank effective April 24, 2026, citing serious governance lapses and regulatory non-compliance under the Banking Regulation Act, 1949.
Form 25 Under Income Tax Rules 2026: Key Rules for Medical Professionals
27 April 2026 at 09:13The Income Tax Department releases FAQs on Form 25, detailing compliance rules for medical professionals, record-keeping requirements and key provisions under Rule 46 of Income-tax Rules, 2026.
FM Sitharaman Flags 'Mythos' AI Threat, Urges Banks to Strengthen Cyber Defences
25 April 2026 at 09:21Union Finance Minister Nirmala Sitharaman warns of emerging AI risks like 'Mythos' and directs banks to collaborate under SBI's leadership to strengthen cybersecurity and resilience.
FM Sitharaman Calls for Human Interface in Banking Despite Digital Push
25 April 2026 at 09:13Finance Minister Nirmala Sitharaman stresses the need for a "human interface" in banking services, balancing digitisation with customer support, MSME funding and cybersecurity preparedness.
New Form 34 for Tax Audit Assessees: 30% Deduction on Employee Cost
25 April 2026 at 09:13Form 34 under the Income-tax Act, 2025 is now mandatory for claiming 30% deduction on additional employee cost. Check eligibility, due date and filing rules.
MCA Issues Advisory to Improve Ticket Resolution on MCA Portal
24 April 2026 at 09:10MCA has issued fresh guidelines for stakeholders to streamline ticket resolution on the MCA portal. Key steps include raising single tickets, reopening unresolved cases and submitting complete details for faster response.
Form 101: Inventory Valuation Rules Explained under IT Rules 2026
24 April 2026 at 09:04New FAQs on Form 101 explain when inventory valuation report is required, who must file and key compliance rules under the updated tax framework.
RBI Data Shows Moderation in Sales Growth of FDI Companies in India During FY25
24 April 2026 at 09:01RBI data reveals FDI companies in India saw moderated sales growth at 8.7% in FY25, while profit after tax surged 22.2%, driven by strong services sector performance and improved financial stability.
DIR-3 KYC Filing Gets Costly: MCA Notifies Rs 5000 Penalty for Late Filing
23 April 2026 at 09:06MCA introduces new DIR-3 KYC filing fee rules under Companies Amendment Rules 2026. Late filing now attracts Rs 5000 penalty, while timely filing remains free.
CBDT Issues Form 38 FAQs on Foreign Remittance Certificate Under IT Rules 2026
23 April 2026 at 09:04Income Tax Department issues FAQs on Form 38 under Income-tax Rules 2026, clarifying its role in foreign inward remittance reporting and compliance framework.
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