CAclubindia News

ICAI Proposes Higher Surcharge Limit, Disability Deductions, Joint Taxation for Couples Ahead of Budget 2026

10 January 2026 at 07:05

Ahead of the Union Budget, ICAI has sought changes in the default tax regime, including health insurance deductions, higher surcharge thresholds and joint taxation for couples.

Posted in Union Budget & Policy | 2139 Views

ICAI Launches Mandatory E-Diary to Strengthen Articled Training for CA Students

10 January 2026 at 07:05

ICAI introduces mandatory E-Diary for CA articled trainees from 1 January 2026, enabling digital attendance, task tracking, stipend records and transparent monitoring of practical training.

Posted in Students | 2 comments | 10323 Views

India's GDP Growth Projected at 7.4% in FY26

10 January 2026 at 07:05

India’s real GDP growth is estimated at 7.4% in FY26, led by strong services and manufacturing growth, even as nominal GDP falls short of budget targets.

Posted in Community & General | 276 Views

CBDT Notifies Core Settlement Guarantee Fund for Tax Exemption Under Section 10(23EE)

10 January 2026 at 07:05

CBDT notifies Core Settlement Guarantee Fund set up by AMC Repo Clearing Ltd for income-tax exemption under Section 10(23EE) from AY 2024-25.

Posted in Income Tax | 258 Views

Crorepati Tax Filers Jump 22% in FY26 as Income Concentrates at the Top

09 January 2026 at 07:18

India sees a 22% rise in crorepati income-tax filers in FY26 even as overall ITR filings grow just 1%, indicating income concentration and improved compliance.

Posted in Income Tax | 1173 Views

Income Tax Refund Delay Explained: Why 63 Lakh Returns for AY 2025-26 Are Still Pending

09 January 2026 at 07:18

Over 63 lakh income tax returns for AY 2025-26 are still under processing. Know why refunds are delayed, legal timelines and what taxpayers can do next

Posted in Income Tax | 3750 Views

Union Budget 2026: New Faces in Finance Ministry, Work Continues Without Finance Secretary

09 January 2026 at 07:18

As India prepares for Union Budget 2026, the Finance Ministry sees multiple new secretaries while Budget work progresses normally despite no designated Finance Secretary.

Posted in Union Budget & Policy | 1452 Views

Govt Opens Tax Portal APIs: Large Taxpayers May Shift to Automated Compliance

08 January 2026 at 07:02

Large taxpayers may move to automated tax compliance as the government opens API access for GST systems, with income tax and customs portals likely to follow.

Posted in Income Tax | 4020 Views

ITAT Mumbai Rejects Unexplained Cash Allegation in Pune Property Sale, Dismisses Revenue Appeal

08 January 2026 at 07:02

ITAT Mumbai dismisses Income Tax Department’s appeal, holding that alleged cash receipt in a Pune property sale cannot be sustained without admissible evidence or Section 65B certificate for WhatsApp chats.

Posted in Income Tax | 663 Views

CBDT Notifies Two Authorities for Income Tax Exemption Under Section 10(46A) With Effect From AY 2024-25

08 January 2026 at 07:02

CBDT notifies Mussoorie Dehradun Development Authority and Joint Electricity Regulatory Commission for income tax exemption under Section 10(46A), effective from AY 2024-25.

Posted in Income Tax | 378 Views