CAclubindia News

CBDT Notifies Income Tax Rules 2026: Key Changes to Take Effect from 1st April

21 March 2026 at 10:40

Income-Tax Rules 2026 notified by CBDT to take effect from April 1. Check key changes in dividend rules, stock exchange recognition, capital gains, and non-resident taxation.

Posted in Income Tax | 4257 Views

CBIC Issues SOP for Tax Officers on HSNS Cess Implementation from 1st Feb 2026

21 March 2026 at 10:40

CBIC issues SOP for tax officers on HSNS Cess implementation from Feb 1, 2026, detailing registration, payment and compliance processes to streamline tax administration.

Posted in GST | 1035 Views

CBIC Issues Instruction on Duty Drawback for Export of Unlocked Mobile Handsets

21 March 2026 at 10:40

CBIC issues Instruction No. 02/2026 directing strict compliance with court rulings on duty drawback claims for export of unlocked mobile handsets by merchant exporters.

Posted in Others | 54 Views

Government Launches RELIEF Scheme to Support Exporters Amid West Asia Logistics Crisis

21 March 2026 at 10:40

Government approves RELIEF scheme under Export Promotion Mission to support exporters hit by West Asia logistics disruptions, offering risk coverage, cost relief and MSME support amid rising freight and insurance costs.

Posted in Others | 99 Views

CBDT Directs IT Offices to Stay Open on 31st March 2026 for Financial Year-End Work

21 March 2026 at 10:40

Income Tax offices will remain open on March 31, 2026, despite Mahavir Jayanti, as per the CBDT's Section 119 order to ensure smooth financial year-end compliance and pending work completion.

Posted in Income Tax | 1011 Views

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 | 222 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 | 1263 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 | 2634 Views