CAclubindia News
Net Direct Tax Collection for FY 2025-26 Grows 9.4%, Refunds Drop 18.8%
17 February 2026 at 09:17India's net direct tax collection for FY 2025-26 rises 9.40% to Rs 19.43 lakh crore as on February 10, 2026. Check corporate tax, non-corporate tax, refunds and gross collection details.
CA May 2026 Exams: ICAI Opens Online Empanelment for Observers, Check Eligibility & Key Dates
17 February 2026 at 09:10ICAI invites applications from eligible members for Observer empanelment for CA May 2026 Exams. Check eligibility criteria, honorarium details, cooling-off rule, key dates and application process.
Draft Form 48 Introduced for Transfer Pricing Reporting Under Section 172 of IT Act, 2025
17 February 2026 at 07:00Draft Form 48 under Section 172 of the Income-tax Act, 2025 introduces a detailed reporting framework for international and specified domestic transactions, mandating transaction-wise ALP computation and CA certification for transfer pricing compliance.
New Form 66 for Section 206 Book Profit: Companies to File CA-Certified Report
17 February 2026 at 07:00Draft Form 66 introduces a structured reporting framework for computation of book profit under Section 206(1) of the Income Tax Act, 2025. The form mandates detailed Ind AS transition disclosures and CA certification for companies.
RBI Issues New Amendment Directions on Capital Market Exposure to Boost Banking Finance
17 February 2026 at 07:00RBI has issued Amendment Directions on Capital Market Exposure, enabling acquisition financing, easing lending norms against market securities and strengthening risk management for banks to support capital market growth while ensuring financial stability.
FM Sitharaman vs Jaya Bachchan: Fiery Exchange Over Entertainment Tax in Rajya Sabha
16 February 2026 at 13:21Finance Minister Nirmala Sitharaman and SP MP Jaya Bachchan clash in Rajya Sabha during Budget 2026 debate over film industry taxes and ticket pricing.
Lower TDS or Nil Deduction? Draft Form 128 Sets New Electronic Application Rules
16 February 2026 at 08:43The Government has released Draft Form No. 128, prescribing the format for applying for a certificate for lower or nil deduction of income-tax (TDS) and lower collection of income-tax (TCS) under Section 395(1) and 395(3) of the Income-tax Act, 2025.
Rule 285 Mandates Form 178 Filing for Capital Gains Exemption
16 February 2026 at 08:43Rule 285 under Draft Income-tax Rules 2026 explains how specified funds can compute exempt capital gains on fund relocation and outlines Form 178 compliance requirements.
Provident Fund Contributions Above Threshold? Here's How Rule 277 Taxes Interest
16 February 2026 at 08:43Rule 277 under Draft Income Tax Rules 2026 explains how taxable interest on provident fund contributions exceeding Rs 2.5 lakh or Rs 5 lakh will be calculated and tracked.
Special Allowance Tax Relief: How Rule 279 Changes Exemption Limits
16 February 2026 at 08:43Rule 279 introduces clear limits for exemption of special allowance under Schedule III, detailing calculation methods, salary definition, and metro vs non-metro limits.
Popular News
- CBDT to Replace Forms 3CA, 3CB & 3CD with Consolidated Form 26
- Income Tax Rules, 2026 Notified: Rule-Wise Comparison with Old IT Rules, 1962
- Exceptions for Cash Payments Above Rs 10,000 under Rule 26 of Draft IT Rules 2026
- Draft Income Tax Rules, 2026 Released: Major Changes in Capital Gains, Perquisites and Non-Resident Taxation
- CBDT Proposes New Form 130 for TDS on Salary, Pension and Interest Income Under IT Act
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