ICAI's Code of Ethics 2026 recommends that chartered accountants and firms accept audit fees only through digital modes or banking channels, promoting transparency, accountability and professional integrity.
RBI has clarified that reports suggesting the sale of its gold reserves are incorrect. The central bank confirmed that its physical gold stock remains unchanged at 880.52 tonnes and urged the public to rely on official information.
The USTR has proposed additional tariffs on imports from India and 59 other economies under Section 301 proceedings. India remains engaged with the US while also working toward finalizing a bilateral trade framework agreement.
The Supreme Court has ruled that GST on casino transactions is payable on the full amount staked by players and not on Gross Gaming Revenue (GGR), holding that tax liability arises when a bet is placed.
The Central Board of Direct Taxes (CBDT) has notified infrastructure sub-sector businesses as specified businesses under Schedule V of the Income-tax Act, 2025. The notification takes effect from June 1, 2026.
CBDT has released detailed FAQs on Form No. 27 under the Income-tax Act, 2025, explaining filing requirements, valuation rules, compliance obligations, and reporting of capital assets after dissolution or reconstitution of specified entities.
ICAI President CA Prasanna Kumar D highlights the crucial role of MSMEs in India's growth story, outlines ICAI's initiatives for entrepreneurship development, and shares key updates on sustainability
India's gross GST collections reached Rs 1.94 lakh crore in May 2026, registering 3.2% growth year-on-year. After adjusting for a one-time telecom payment in May 2025, GST revenue growth stood at 9%.
The Income Tax Department has released Version 1.1.0 of the Common Offline Utility for filing ITR-1, ITR-2 and ITR-4 for AY 2026-27. Download the latest utility released on May 29, 2026.
The Ministry of Finance has revised Central Excise Duty rates on specified petroleum products through Notifications No. 24/2026 and 25/2026. The revised rates will come into effect from June 1, 2026
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