CAclubindia News

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 | 2247 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 | 2799 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 | 528 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 | 2505 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 | 1554 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 | 144 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 | 339 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 | 2538 Views

Finance Ministry Grants Aadhaar Authentication Permission to Home First Finance

06 July 2026 at 09:25

The Ministry of Finance has authorised Home First Finance Company India Ltd. to carry out Aadhaar authentication under the Prevention of Money-laundering Act, 2002, enabling streamlined customer verification and compliance processes.

Posted in Investments & Personal Finance | 297 Views

ICAI Introduces New Tax Audit Count Tracking Feature on UDIN Portal

06 July 2026 at 09:16

ICAI's UDIN Portal now features a dedicated Tax Audit Count Dashboard, allowing Chartered Accountants to monitor tax audit assignments, UDIN generation status, and remaining audit limits in real time.

Posted in Audit | 2727 Views