CAclubindia News

Specified Senior Citizens: TDS Rules on Pension and Interest Income Under Income Tax Act, 2025

24 August 2026 at 09:11

Specified senior citizens aged 75+ can get relief from ITR filing when they have only pension and interest income. Know the TDS rules, Form 125 and eligibility conditions.

Posted in Income Tax | 1533 Views

Income Tax Benefits for Small Businesses in 2026-27: Key Deductions and Exemptions

24 August 2026 at 09:11

Small businessmen can claim several tax benefits for TY 2026-27, including presumptive taxation, deductions, depreciation, TDS relief, rebates and advance-tax benefits.

Posted in Income Tax | 45 Views

Set-Off and Carry Forward of Loss Under Income Tax Act 2025

22 August 2026 at 09:30

Income-tax Act 2025 rules for set-off and carry forward of losses, covering business, speculative, capital and house property losses, explained.

Posted in Income Tax | 2784 Views

Income Tax Department Lists 10 ICDS and Their Reconciliation With Accounting Standards

22 August 2026 at 09:22

Income Tax Department lists 10 ICDS under the Income Tax Act 2025 and explains key reconciliations with Accounting Standards for computing taxable income.

Posted in Accounts | 8964 Views

Finance Ministry Allows 10 Lakh MT Duty-Free Raw Sugar Imports Till 31st October

22 August 2026 at 09:09

The Centre allows duty-free imports of 10 lakh MT raw sugar under TRQ. Check Customs Notification 30/2026, DGFT allocation rules and validity till October 31, 2026.

Posted in Custom | 258 Views

Salaried Employees Tax Benefits for TY 2026-27: Check All Allowances and Exemptions

21 August 2026 at 09:39

Income Tax Department’s TY 2026-27 guide explains salary allowances, HRA, perquisites, standard deduction, retirement benefits, NPS, gratuity and provident fund tax rules for salaried employees.

Posted in Income Tax | 18807 Views

Compounding of Offences Under Income Tax Act 2025: Key Rules, Charges and Eligibility

21 August 2026 at 09:39

Income-tax Act 2025 compounding rules explained: eligibility, application fees, 12-month timeline, compounding charges, repeat offences and key conditions.

Posted in Income Tax | 3624 Views

Ind AS Amendment Rules 2026: New Changes in Financial Instruments, Hedge Accounting & Disclosures

20 August 2026 at 09:15

MCA notifies Companies (Indian Accounting Standards) Amendment Rules, 2026. Know key changes in Ind AS 101, 107, 109, 110 and 7, including financial instruments, hedge accounting and electricity contracts.

Posted in Corporate Law | 3069 Views

Health Insurance Tax Benefits Under IT Act 2025: Deduction Limits, Eligibility and Conditions

20 August 2026 at 09:05

The Income Tax Department has explained the tax deductions available on life insurance premiums, health insurance policies, preventive health check-ups and medical treatment expenses under the Income-tax Act, 2025.

Posted in Income Tax | 1824 Views

Time Limits for Issuing IT Notices and Completing Assessments Under Income Tax Act 2025