CAclubindia News

Cabinet Approves Rs 5000 Crore Equity Infusion into SIDBI to Boost MSME Credit Flow

22 January 2026 at 09:00

The Union Cabinet has approved Rs 5000 crore equity support to SIDBI to enhance credit flow to MSMEs. The move is expected to add 25.74 lakh new MSME beneficiaries and strengthen SIDBI's capital adequacy.

Posted in Corporate Law | 45 Views

Income Tax Officers Call Targets 'Unrealistic', Seek Urgent Meeting with CBDT

22 January 2026 at 07:06

Income Tax officers have flagged unrealistic targets, staff shortages and infrastructure gaps, seeking an urgent meeting with the CBDT amid refund delays and rising complaints.

Posted in Income Tax | 879 Views

Delhi Police EOW Probes Rs 374 Crore GST Fraud Linked to Identity Theft

22 January 2026 at 07:06

Delhi Police EOW is probing Rs 374 crore GST fraud after identity documents were misused to create fake firms and show bogus transactions without victims' knowledge.

Posted in GST | 72 Views

Ahmedabad Customs Inspector Arrested for Crores-Worth IGST Export Fraud

22 January 2026 at 07:06

A Customs inspector in Ahmedabad has been arrested by the Directorate of Revenue Intelligence for allegedly facilitating a crores-worth IGST and cess refund fraud using fake energy drink exports and fictitious firms.

Posted in GST | 99 Views

ICAI Announces Mock Test Paper Series I & II for CA Intermediate May 2026 Exams

21 January 2026 at 09:03

ICAI announces Mock Test Paper Series I & II for CA Intermediate May 2026 exams. Check dates, subject-wise schedule, physical & virtual mode details, and answer key updates.

Posted in Students | 117 Views

Major Relief for NDTV Founders as Delhi HC Quashes IT Reassessment Notices

21 January 2026 at 06:04

Delhi High Court sets aside income tax reassessment notices against NDTV founders Prannoy Roy and Radhika Roy, imposes Rs 2 lakh costs on IT Department.

Posted in Income Tax | 879 Views

CBDT Highlights Middle-Class Tax Relief Under New Income Tax Regime

21 January 2026 at 06:04

CBDT confirms zero income tax up to Rs 12.75 lakh for salaried taxpayers under the new tax regime, with rationalised slabs and marginal relief.

Posted in Income Tax | 1599 Views

CBIC Reports NIL Legislative Business for Budget Session 2026

21 January 2026 at 06:04

CBIC has informed the Ministry of Parliamentary Affairs that no GST, Customs or indirect tax-related Bills or reports are scheduled for the Budget Session 2026...

Posted in Union Budget | 774 Views

Finance Bill Likely to Propose 5 Key GST Amendments to Boost Ease of Doing Business

20 January 2026 at 06:55

The Finance Bill is expected to introduce five GST law amendments, including changes to post-sale discounts, intermediary services, IDS refunds and low-value export refunds to ease compliance.

Posted in GST | 3249 Views

ICAI organises GES-CA 2026 to Transform Commerce Education into Future Leadership

20 January 2026 at 06:55

ICAI hosted GES-CA 2026 in New Delhi with participation from 24 States and 2 UTs, launching the ICAI Model Curriculum and signing MoUs with 15 universities to strengthen commerce and accountancy education.

Posted in Professional Resource | 129 Views