CAclubindia News
Union Budget 2026-27 is a Roadmap to Viksit Bharat 2047: MoS Harsh Malhotra
07 February 2026 at 09:11Minister of State Harsh Malhotra hailed Union Budget 2026-27 as a roadmap for Viksit Bharat 2047, highlighting infrastructure expansion, high-speed rail, expressways, skilling, AI and inclusive growth.
ICAI's Global Ascent: President's Message Highlights Reforms, WOFA 2.0 and International Leadership
07 February 2026 at 07:53ICAI’s President reviews landmark initiatives including WOFA 2.0, ITEC programmes, audit reforms, sustainability reporting and ICAI's expanding global influence in the accounting profession.
Section 332 Amended: Certain Funds Exempted from NPO Registration from April 2026
07 February 2026 at 07:53Finance Bill 2026 amends section 332(1)(f) to exempt certain funds from mandatory NPO registration, effective from April 1, 2026.
Registered NPOs Get Relief as Commercial Activity No Longer a Specified Violation
07 February 2026 at 07:52Finance Bill 2026 removes commercial activity by NPOs from the list of specified violations under section 351, reducing the risk of registration cancellation.
NPO Merger Rules Amended: New Section 354A to Exempt Accreted Income Tax from April 2026
07 February 2026 at 07:52New Section 354A under Finance Bill 2026 clarifies tax treatment on accreted income for mergers of registered non-profit organisations with similar objects.
No TDS on Interest Paid to Co-operative Banks from 1st April 2026
07 February 2026 at 07:52Budget 2026 proposes no TDS on interest paid to co-operative banking societies, aligning Section 393(4) with the Income-tax Act, effective April 2026.
GST Portal Major Update: 'Additional Notices' Merged with Notices & Orders
06 February 2026 at 09:11GSTN has merged the 'Additional Notices & Orders' tab with 'Notices and Orders' on the GST Portal, offering a single window for all GST communications and improved compliance tracking.
Buyback of Shares to Be Taxed as Capital Gains from FY 2026-27
06 February 2026 at 07:12From FY 2026-27, consideration received on buyback of shares will be taxed as capital gains, replacing dividend taxation and introducing higher tax liability for promoters.
Income Tax Changes in Provident Funds: Schedule XI Rationalised from 1st April 2026
06 February 2026 at 07:13Schedule XI of the Income-tax Act is being rationalised to remove outdated PF provisions and align with EPF laws. Know the major changes applicable from AY 2026-27.
Capital Gains Exemption on Sovereign Gold Bonds Tightened from AY 2026-27
06 February 2026 at 07:11The government has amended the capital gains exemption on Sovereign Gold Bonds to apply only when bonds are subscribed at original issue and held till maturity. Effective from AY 2026-27.
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