CAclubindia News

Finance Ministry Revises Monetary Threshold in FEMA Enforcement Cases: Key Changes Notified

20 March 2026 at 09:34

Finance Ministry updates FEMA enforcement thresholds via notification dated March 18, 2026, revising case value limits to Rs 2-10 crore for improved classification, consistency, and regulatory clarity in foreign exchange violations.

Posted in Others | 171 Views

Net Direct Tax Collections Rise 7.19% to Rs 22.8 Lakh Crore in FY26

20 March 2026 at 09:31

India’s net direct tax collections grow 7.19% to Rs 22.8 lakh crore as of March 17, 2026, driven by strong advance tax payments and improved compliance.

Posted in Income Tax | 117 Views

Finance Ministry Clarifies No Legal Definition of HNIs Under Income Tax Act

20 March 2026 at 09:30

Government clarifies no legal definition of HNIs under the Income-tax Act. Asset disclosure threshold raised to Rs 1 crore, with stricter foreign asset reporting and enhanced data-driven tax compliance measures.

Posted in Income Tax | 1623 Views

ICAI Releases CA Final May 2026 Indirect Tax Laws Guidelines

19 March 2026 at 09:24

ICAI clarifies GST and Customs law applicability for May 2026 CA Final exams. Get full details on syllabus and exclusions.

Posted in Students | 4377 Views

ICAI Releases GST Study Guidelines for CA Intermediate May 2026 Exams

19 March 2026 at 09:24

CA Inter GST May 2026 syllabus is out. Know the latest ICAI guidelines, important amendments and excluded topics for effective preparation.

Posted in Students | 2400 Views

Major GST Reform: Goa Holds Property Owners Accountable for Event Taxes

19 March 2026 at 09:23

Goa government tightens GST rules for events. Venue owners must report event details or face penalties, tax liability and possible imprisonment.

Posted in GST | 306 Views

RBI Launches DLA Directory, Tightens Norms Against Illegal Loan Apps

19 March 2026 at 09:22

Government and Reserve Bank of India tighten rules against fraudulent loan apps with DLA directory, cybercrime portal, and stricter enforcement to protect digital lending users.

Posted in Others | 138 Views

Banks Asked to Adopt Sign Language & AI for Hearing-Impaired Customers

19 March 2026 at 09:22

DFS mandates banks and insurers to adopt Indian Sign Language (ISL) and AI tools for better accessibility, ensuring inclusive financial services for persons with disabilities across India.

Posted in Others | 72 Views

CBDT Corrects Income Tax Amendment Rules 2026 Name via Corrigendum

18 March 2026 at 09:27

CBDT issues corrigendum to Income-tax Amendment Rules 2026, renaming them as "First Amendment Rules, 2026." Check key details and implications.

Posted in Income Tax | 1980 Views

Major GST Judgments 2026: No Tax on Member Welfare, Big Relief on ITC Claims

18 March 2026 at 09:26

Latest GST rulings 2026: Courts uphold ITC rights, reject refund denials, and strike down GST on member welfare schemes. Key judgments explained for taxpayers.

Posted in GST | 3636 Views