CAclubindia News

ICAI Announces Permanent Exemption Window for CA Intermediate May 2026 Exams

28 February 2026 at 11:13

ICAI releases guidance notes for CA Intermediate May 2026 on continuing exhausted exemptions. Apply via SSP during the Permanent Exemption Window. Check 50% rule and conditions.

Posted in Students | 240 Views

ICAI CA Final May 2026 Exams: Guidelines to Make Exhausted Exemptions Permanent

28 February 2026 at 11:11

ICAI has issued guidelines for CA Final May 2026 candidates to make exhausted exemptions permanent. Apply via SSP from March 3 to March 22, 2026. Only one chance available.

Posted in Students | 93 Views

CA May 2026 Exams: Online Form, Late Fee & Correction Window Schedule

28 February 2026 at 10:41

ICAI has released the May 2026 CA exam form dates for Foundation, Intermediate and Final courses. Apply online from March 3 to March 16 without late fee; Correction window opens from March 20 to 22, 2026.

Posted in Students | 4848 Views

Indirect Transfer Tax Gets Clarity: New FMV and Attribution Formula Notified in Draft IT Rules 2026

28 February 2026 at 07:01

Draft 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.

Posted in Income Tax | 2226 Views

New Accountant Certification Format for Slump Sale Capital Gains Under IT Act 2025

28 February 2026 at 07:01

Draft 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.

Posted in Income Tax | 2271 Views

New Draft Form Proposed to Standardise Donation Deduction Certification Under Section 45(4)(a)

28 February 2026 at 07:01

The newly proposed Draft Form No. 16 standardises how eligible donation certificates are issued, ensuring better verification, deduction accuracy and improved tax reporting compliance.

Posted in Income Tax | 672 Views

Detailed Valuation Report Format Proposed Under Section 514 for Asset Valuation

27 February 2026 at 06:48

Draft Form No. 170 proposes a structured valuation report format for registered valuers covering property, securities, plantations, jewellery and other assets under Section 514.

Posted in Income Tax | 3105 Views

Draft Form No. 86 Proposed to Regulate Digital Records and Seized Assets Under New Tax Law

27 February 2026 at 06:48

The 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.

Posted in Income Tax | 2337 Views

AI in Tax Orders Under Scanner as Gujarat High Court Flags Fake Case Laws

27 February 2026 at 06:48

The 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.

Posted in GST | 1899 Views

CA Final January 2026 Results likely to be declared on 1st March 2026

26 February 2026 at 16:05

The 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.

Posted in Students | 5238 Views