CAclubindia News

Form 31 Under Income Tax Act 2025 Mandatory for Claiming Rent Deduction Without HRA

16 May 2026 at 10:34

Form 31 under the Income-tax Act, 2025 is mandatory for claiming deduction under Section 134 on rent paid without HRA. Check eligibility, due date, deduction limit, FAQs and filing details.

Posted in Income Tax | 1 comments | 2712 Views

Form No 27 Under IT Act 2025: Mandatory Reporting for Dissolution or Reconstitution of Firms

16 May 2026 at 10:34

Form No. 27 under the Income-tax Act 2025 made mandatory for specified entities in dissolution or reconstitution cases. Check filing rules, due date, valuation requiremen and key FAQs.

Posted in Income Tax | 1 comments | 4419 Views

GST Update 2026: Finance Ministry Revises Chandigarh Authority Members Under UTGST Rules

16 May 2026 at 10:34

Ministry of Finance issues Notification No. 2/2026-UTT amending Chandigarh GST authority under UTGST rules. Check new appointments, key changes and effective date.

Posted in GST | 1 comments | 357 Views

Form 71 Under Income Tax Act 2025: FAQs, Filing Process, Eligibility, Due Date and Key Compliance Details

15 May 2026 at 09:42

Understand Form 71 under Income Tax Act 2025 including filing procedure, eligibility, due date, mandatory audit requirements and tax exemption conditions.

Posted in Income Tax | 1 comments | 3219 Views

Income Tax Department Releases ITR-1, ITR-4 Excel Utilities for AY 2026-27

15 May 2026 at 09:29

Income Tax Department releases ITR-1 and ITR-4 Excel utilities for AY 2026-27 on 15 May 2026. Check eligibility, filing conditions, utility details, schema, validations and key updates.

Posted in Income Tax | 1 comments | 5178 Views

Electoral Trusts Must File FN 181 Audit Report Under Income Tax Rules 2026

14 May 2026 at 09:38

The Income Tax Department has introduced FN 181 under Income Tax Rules 2026 for electoral trusts claiming exemption on voluntary contributions. Know filing rules, eligibility, deadline, audit requirements and key FAQs.

Posted in Income Tax | 1 comments | 3036 Views

Income Tax Department Releases Central Action Plan 2026-27

14 May 2026 at 09:28

The Income Tax Department's Central Action Plan (CAP) 2026-27 introduces new tax collection targets, faster grievance redressal, appeal disposal timelines, improved taxpayer services and technology-driven tax administration under the IT Act, 2025

Posted in Income Tax | 1 comments | 3879 Views

Form 65: Documents, Eligibility and Benefits u/s 194 of Income Tax Act 2025

13 May 2026 at 09:43

The Income Tax Department has clarified the rules for Form 65 under the Income Tax Act 2025. Know eligibility, filing process, 10% concessional tax benefit on patent royalty income, documents required and 5-year lock-in conditions.

Posted in Income Tax | 1 comments | 3783 Views

Finance Ministry Revises Customs Duty Rates on Gold, Silver and Precious Metal Imports from May 13, 2026

13 May 2026 at 09:28

The Finance Ministry has issued Notification No. 16/2026-Customs revising customs duty rates on gold, silver, platinum findings, spent catalysts, jewellery components and precious metal imports. The new changes come into effect from May 13, 2026.

Posted in Custom | 1 comments | 4887 Views

Big ICAI Action: Names of Over 1,200 CAs Removed From Membership Register

12 May 2026 at 09:41

ICAI has removed the names of more than 1,200 Chartered Accountants from its register due to non-payment of prescribed membership fees. Check the latest Gazette notification, legal provisions and key details here.

Posted in Professional Resource | 1 comments | 7398 Views