CAclubindia News

MSME Development (Amendment) Bill, 2026 Passed by Parliament

12 August 2026 at 09:33

The MSME Amendment Bill 2026 aims to improve ease of doing business, speed up payment recovery and strengthen support for India's small businesses.

Posted in Corporate Law | 2205 Views

Direct Tax Collections Jump 23% to Rs 8.11 Lakh Crore as on 10th Aug 2026

12 August 2026 at 09:27

India's net direct tax collections rose 23.09% to ₹8.11 lakh crore as on August 10, 2026. Strong growth in non-corporate taxes boosted overall revenue.

Posted in Income Tax | 1137 Views

CBDT Approves Sir Ganga Ram Trust Society for Scientific Research Tax Benefits Under IT Act, 2025

11 August 2026 at 09:25

CBDT has approved Sir Ganga Ram Trust Society, Delhi, for Scientific Research under the Income-tax Act, 2025. The approval is valid from Tax Year 2026-27 to 2030-31, enabling eligible donors to claim tax benefits subject to prescribed conditions.

Posted in Income Tax | 183 Views

ICAI Announces Mock Test Papers Series I & II for CA Final Nov 2026 Exams

11 August 2026 at 09:16

ICAI has announced Mock Test Papers (MTP) Series I and Series II for CA Final November 2026 exams. Check the complete schedule, exam dates, registration process, and how to download question papers and answer keys.

Posted in Students | 6681 Views

No UPI Charges for Consumers: Government Clears Air on Merchant Fee Rumours

10 August 2026 at 09:25

UPI users will continue to enjoy free payments, the government clarifies. Any future MDR will apply only to select merchant transactions.

Posted in Community & General | 1917 Views

UPI Transactions May Attract Charges in Future as Lok Sabha Passes Taxation Amendment Bill

08 August 2026 at 09:29

The Lok Sabha has approved amendments to the Payment and Settlement Systems Act, giving the government flexibility to allow MDR or charges on UPI and other electronic payments.

Posted in Income Tax | 2781 Views

ICAI Hosts Multipurpose Empanelment Form (MEF) 2026-27

08 August 2026 at 09:15

ICAI has launched the Multipurpose Empanelment Form (MEF) 2026-27 for Chartered Accountants and CA firms. Submit applications online by August 29, 2026.

Posted in Professional Resource | 1848 Views

Income Tax Department Releases ITR-6 Excel Utility, JSON Schema and Validation Rules for AY 2026-27

07 August 2026 at 09:40

Income Tax Department releases ITR-6 Excel Utility, JSON Schema and Validation Rules for AY 2026-27. Companies can now begin preparing and filing returns using the latest offline utility.

Posted in Income Tax | 450 Views

Centre Exempts Banks from Section 15(1) Restriction on Unamortized EIR Expenditure

07 August 2026 at 09:30

Centre exempts banks from Section 15(1) of the Banking Regulation Act for unamortized expenditure under the RBI's Effective Interest Rate (EIR) income recognition framework notified in 2026.

Posted in Investments & Personal Finance | 2130 Views

ICAI Publishes 77th Annual Report and Accounts of the Institute for the year 2025-26

07 August 2026 at 09:15

ICAI has published its 77th Annual Report and Accounts for FY 2025-26 in the Gazette of India. Members can download the report online or request a hard copy from the Institute.

Posted in Accounts | 1485 Views