CAclubindia News
New Reporting and Eligibility Norms for Foreign Pension Funds Under Rule 282
21 February 2026 at 07:53Rule 282 of Draft Income-tax Rules 2026 introduces strict conditions for foreign pension funds, covering eligibility, reporting, filings and compliance certification requirements.
Supreme Court Flags Misuse of Taxpayers' Money in Rising Freebies Culture Across States
21 February 2026 at 07:53The Supreme Court questions states over freebies funded by taxpayers' money, warning of fiscal stress, revenue deficits and long-term risks to India's economic growth.
ICAI Finds 11 CAs Guilty in Bogus Political Donations Case, Issues Reprimand
20 February 2026 at 09:20ICAI finds 11 chartered accountants guilty in a bogus political donations case and issues reprimand. Read key details, implications and compliance lessons.
GSTR-3B Update: GST Portal Enables Flexible ITC Utilisation for IGST Payment
20 February 2026 at 09:09GST Portal enables utilisation of CGST and SGST ITC for IGST liability in GSTR-3B from Feb 2026 after IGST credit exhaustion. Read full advisory details.
New Reporting Rules for Income Accumulation Under Section 342(1) Explained
20 February 2026 at 06:57Draft Form No. 109 has been introduced to report accumulation of income under Section 342(1). Here's a detailed look at key fields, compliance requirements, and impact on non-profit organisations.
New Tax Residency Certificate Application Format Proposed Under Section 159
20 February 2026 at 06:57Draft Form No. 42 proposes a structured format for applying for a Tax Residency Certificate under Section 159, detailing applicant information, residency basis, and supporting documents.
GSTN Rolls Out New IMS Tab to Track Rejected Notes for GSTR-3B
20 February 2026 at 06:57GSTN has introduced a new "Rejected Records" tab in the IMS dashboard to help taxpayers easily track rejected credit and debit notes requiring liability add-back in GSTR-3B, reducing errors and easing compliance.
No AI Surveillance Under Section 247: Finance Ministry Clears Confusion Over New Tax Law
19 February 2026 at 09:08Section 247 of the Income Tax Act 2025 explained: Govt says no new authority or AI monitoring powers for tax officials. Read key details!
RBI Issues Final Directions on Unique Transaction Identifier for OTC Derivatives
19 February 2026 at 08:10The Reserve Bank of India has issued final directions on the Unique Transaction Identifier (UTI) for OTC derivative transactions after reviewing stakeholder feedback, aiming to enhance transparency and global aggregation of market data.
ICAI: UDIN Validation Now Based on Five Parameters Including PAN
19 February 2026 at 08:10ICAI announces PAN as a mandatory field for UDIN generation under GST & Tax Audit. UDIN validation on CBDT e-Filing portal will now be based on five parameters from February 2026.
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