CAclubindia News


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 |   1152 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 |   288 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 |   96 Views


CBDT Grants Tax-Exempt Status to UAE-Regulated Pension Fund Under Section 10(23FE)

   07 January 2026 at 09:19

CBDT notifies Inbar Holding RSC Limited as a specified pension fund under Section 10(23FE), granting income tax exemption on eligible investments made in India till March 31, 2030, subject to compliance.

Posted in Income Tax |   153 Views


GST Evasion Case: Four Arrested for Rs 1464 Crore Fake Invoice Transactions

   07 January 2026 at 06:55

The GST Enforcement Wing has busted a Rs 1464 crore inter-State fake invoice racket spanning Karnataka and Tamil Nadu. Four accused have been arrested for fraudulent ITC claims.

Posted in GST |   207 Views


Year End Review 2025: Ministry of Parliamentary Affairs Highlights Key Legislative Milestones

   07 January 2026 at 06:55

Year End Review 2025 of the Ministry of Parliamentary Affairs outlines key legislative achievements, parliamentary sessions, bills passed, reforms introduced and efforts to improve coordination and productivity in Parliament.

Posted in Others |   108 Views


Union Budget 2026-27: Industry Bodies Seek Targeted Credit Relief for MSMEs

   06 January 2026 at 06:57

Industry bodies WTC Mumbai and AIAI urge the government to announce targeted MSME measures in Union Budget 2026-27, focusing on affordable credit, GST-linked financing and export support.

Posted in Union Budget |   747 Views


CBDT Chairman Asks Income Tax Department to Gear Up for New Direct Tax Law from 1st April 2026

   06 January 2026 at 06:57

CBDT Chairman Ravi Agrawal urges Income Tax officials to prepare for the transition to the new Income Tax Act, 2025, set to take effect from April 1, 2026, focusing on training, technology and taxpayer facilitation.

Posted in Income Tax |   1845 Views


Budget 2026 May Address Section 87A Rebate Loss for Small Investors with Capital Gains

   06 January 2026 at 06:57

Ahead of Budget 2026, BCCI flags a tax anomaly where small taxpayers lose Section 87A rebate due to capital gains under Sections 111A and 112.

Posted in Union Budget |   1275 Views


Income Tax Changes Ahead? Budget 2026 May Push New Tax Regime Further

   06 January 2026 at 06:57

Budget 2026 may further push the New Tax Regime after major relief in Budget 2025. Here's how middle-income taxpayers benefit the most.

Posted in Income Tax |   1551 Views



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