CAclubindia News
Indirect Transfer Tax Gets Clarity: New FMV and Attribution Formula Notified in Draft IT Rules 2026
28 February 2026 at 07:01Draft Income-tax Rules 2026 introduce detailed FMV and income attribution formula under Rules 11 & 12 for indirect transfer taxation of foreign entities deriving value from Indian assets.
New Accountant Certification Format for Slump Sale Capital Gains Under IT Act 2025
28 February 2026 at 07:01Draft Form No. 28 prescribes new reporting and FMV computation rules for slump sales under Section 77(4), mandating accountant certification and detailed net worth disclosure.
New Draft Form Proposed to Standardise Donation Deduction Certification Under Section 45(4)(a)
28 February 2026 at 07:01The newly proposed Draft Form No. 16 standardises how eligible donation certificates are issued, ensuring better verification, deduction accuracy and improved tax reporting compliance.
Detailed Valuation Report Format Proposed Under Section 514 for Asset Valuation
27 February 2026 at 06:48Draft Form No. 170 proposes a structured valuation report format for registered valuers covering property, securities, plantations, jewellery and other assets under Section 514.
Draft Form No. 86 Proposed to Regulate Digital Records and Seized Assets Under New Tax Law
27 February 2026 at 06:48The Income Tax Department has released Draft Form No. 86 under Section 248(1) of the Income Tax Act, 2025, detailing procedures for issuing a warrant of authorisation to requisition books, documents, digital records, and undisclosed assets.
AI in Tax Orders Under Scanner as Gujarat High Court Flags Fake Case Laws
27 February 2026 at 06:48The Gujarat High Court has issued notices to CGST authorities after an order allegedly relied on AI-generated and non-existent case laws. The court seeks guidelines for quasi-judicial officers on citing High Court and Supreme Court judgments.
CA Final January 2026 Results likely to be declared on 1st March 2026
26 February 2026 at 16:05The Institute of Chartered Accountants of India (ICAI) is expected to declare the CA Final January 2026 exam results by the evening of 1st March 2026. Candidates can check their results at icai.nic.in using their Registration Number and Roll Number.
Finance Ministry Notifies Aadhaar Authentication for CIBIL Credit Report Access
26 February 2026 at 09:20The Finance Ministry has allowed TransUnion CIBIL to use Aadhaar authentication for credit report access. Aadhaar use is voluntary, and PAN, passport, voter ID and other documents remain valid alternatives.
DGFT Extends Deadline for TRQ Applications Under Key FTAs for FY 2026-27
26 February 2026 at 08:40DGFT extends TRQ application deadline to 15 March 2026 for FY 2026-27 under India-Sri Lanka FTA, India-Mercosur, and India-Mauritius CECPA, covering edible oils, spices, sugar, fish, apparel and beverages.
TDS on Property, Rent & Virtual Digital Assets: Draft Form 141 Brings Detailed Reporting Norms
26 February 2026 at 08:40The Income Tax Department releases Draft Form No. 141, a challan-cum-statement for TDS on rent, property transfers, professional payments and virtual digital assets.
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