CAclubindia News
CBDT Revises 'Specified Fund' Definition Under Income Tax Act, 2025
22 July 2026 at 08:00The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Second Amendment) Rules, 2026, introducing an important amendment to the definition of "specified fund" under the Income-tax Rules, 2026.The amendment has been issued through Notif
No Proposal to Scrap LTCG Tax for Retail Investors, Govt Clarifies in Lok Sabha
22 July 2026 at 07:40The Government has clarified in Lok Sabha that there is currently no proposal to scrap the 12.5% Long-Term Capital Gains (LTCG) tax on equity investments for domestic investors.
RBI Releases Draft Foreign Investment Rules 2026, Invites Public Comments Till 31st August
22 July 2026 at 07:12RBI has released the draft Foreign Investment Rules, 2026 to replace the NDI Rules, 2019. The proposed framework aims to simplify FEMA regulations, align with FDI policy, reduce compliance burden, and enhance ease of doing business.
CBDT Enables Foreign Assets Reporting in AIS: Taxpayers Can Now View CRS/FATCA Data Online
21 July 2026 at 09:48CBDT has enabled display of foreign asset and income information received under CRS/FATCA in AIS. Taxpayers can now view overseas account and investment data on the Income Tax portal.
RBI Enhances Fintech Oversight with SRO Framework, AI-Based Fraud Detection and Cyber Safety Measures
21 July 2026 at 09:38Government and RBI strengthen India's fintech ecosystem with AI-based fraud detection, DPDP Act safeguards, enhanced payment security, and stronger consumer protection measures.
UPI Crosses 55.49 Crore Users in June 2026; FY26 Transactions Hit Rs 314 Lakh Crore
21 July 2026 at 09:32UPI crossed 55.49 crore onboarded users by June 2026, with FY 2025-26 transactions reaching 24,161.69 crore in volume and Rs 314.23 lakh crore in value.
CBDT Notifies NaBFID 10-Year Zero Coupon Bond Under Income Tax Act, 2025
20 July 2026 at 09:27CBDT has notified NaBFID's Ten Year Zero Coupon Bond as a Zero Coupon Bond under Section 2(112) of the Income-tax Act, 2025. Check key features, tenure, issue timeline and tax implications.
ICAI Issues Public Warning After Repeated Attempts to Gain Unauthorized Access to Its Digital Systems
18 July 2026 at 09:24ICAI has issued a public warning after detecting repeated unauthorized access attempts on its digital platforms. The Institute reaffirmed its zero-tolerance policy on cybercrime and advised users to use only official ICAI websites and applications.
Core Industries Index Overhauled with 2022-23 Base Year and Expanded Industry Coverage
18 July 2026 at 09:17The Office of Economic Adviser will release the revised Index of Core Industries (ICI) series with base year 2022–23 on July 20, 2026.
ICAI Inaugurates Global Summit 2026 to Strengthen India's Leadership in Global Capability Centres
17 July 2026 at 06:31ICAI launches the 7-city Global Orbit Summit 2026 to strengthen India's GCC ecosystem. ICAI President says India is poised to become a global GCC hub, creating new opportunities in finance, AI, taxation, governance and professional services.
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