CAclubindia News

CBDT Clarifies Form 50 for Advance Pricing Agreement Under Income Tax Act 2025

23 May 2026 at 09:37

Form 50 FAQs explain APA pre-filing meetings, online submission, filing frequency, and transfer pricing compliance under the Income Tax Act, 2025.

Posted in Income Tax | 78 Views

FM Sitharaman Reviews GIFT City Progress at High-Level Meeting

23 May 2026 at 09:29

Finance Minister Nirmala Sitharaman reviews progress of GIFT City, highlighting its role as India’s global financial hub with over 1,150 entities and USD 110 billion banking assets.

Posted in Others | 96 Views

Finance Ministry Allows 7 Financial Entities to Use Aadhaar Authentication Under PMLA

22 May 2026 at 09:40

The Ministry of Finance has authorised seven reporting entities to perform Aadhaar authentication under the Prevention of Money-laundering Act, 2002, strengthening KYC and compliance mechanisms.

Posted in Income Tax | 978 Views

Ministry of Finance Amends HSNS Cess Rules 2026: Rule 35 Sees Major Procedural Changes

22 May 2026 at 09:34

The Ministry of Finance has notified the Health Security & National Security Cess (Second Amendment) Rules, 2026, introducing key changes to Rule 35, including omission of sub-rule (3) and revised accounting approvals.

Posted in Others | 1887 Views

GSTN Announces Major Enhancements in e-Way Bill Portal: Mandatory Ship-To GSTIN and EWB Closure Feature

22 May 2026 at 09:21

GSTN proposes key enhancements to the e-Way Bill (EWB) portal, including mandatory "Ship-To GSTIN" capture for Bill-To Ship-To transactions and a new EWB Closure functionality.

Posted in GST | 6231 Views

New Income Tax Act 2025 More Taxpayer-Friendly, Simpler to Understand: Chief Commissioner

21 May 2026 at 09:35

Income Tax Act 2025 is simpler, clearer and more taxpayer-friendly, says Chief Commissioner. The new law aims to reduce complexity and improve tax compliance.

Posted in Income Tax | 2520 Views

ICAI Plans Major CA Curriculum Revamp With AI, ESG And Data Analytics Subjects

21 May 2026 at 09:26

ICAI is planning to introduce Artificial Intelligence, data analytics, ESG, and forensic auditing into the CA curriculum. The proposed changes aim to prepare future chartered accountants for technology-driven finance and auditing roles.

Posted in Students | 8487 Views

Finance Ministry Issues Corrigendum to Customs Notification 14/2026: Key Changes Explained

20 May 2026 at 09:29

The Ministry of Finance has issued a corrigendum to Customs Notification No. 14/2026, correcting tariff classifications and notification entries under the customs framework. Here are the key changes.

Posted in Custom | 228 Views

Centre Dismisses Claims of Temple Gold Monetisation Scheme Across India

20 May 2026 at 09:19

The Government of India has denied reports claiming temple gold will be monetised or used for strategic reserves. Officials called the rumours false and misleading.

Posted in Others | 1668 Views

GSTN Introduces Annexure-B Offline Utility for ITC Refund Applications

20 May 2026 at 09:15

GST refund filing process updated from May 2026. Taxpayers must now upload Annexure-B through the new offline utility for accumulated ITC refund claims on the GST portal.

Posted in GST | 3267 Views