CAclubindia News

Salaried Employees Tax Benefits for TY 2026-27: Check All Allowances and Exemptions

21 August 2026 at 09:39

Income Tax Department’s TY 2026-27 guide explains salary allowances, HRA, perquisites, standard deduction, retirement benefits, NPS, gratuity and provident fund tax rules for salaried employees.

Posted in Income Tax | 3639 Views

Compounding of Offences Under Income Tax Act 2025: Key Rules, Charges and Eligibility

21 August 2026 at 09:39

Income-tax Act 2025 compounding rules explained: eligibility, application fees, 12-month timeline, compounding charges, repeat offences and key conditions.

Posted in Income Tax | 1128 Views

Ind AS Amendment Rules 2026: New Changes in Financial Instruments, Hedge Accounting & Disclosures

20 August 2026 at 09:15

MCA notifies Companies (Indian Accounting Standards) Amendment Rules, 2026. Know key changes in Ind AS 101, 107, 109, 110 and 7, including financial instruments, hedge accounting and electricity contracts.

Posted in Corporate Law | 1542 Views

Health Insurance Tax Benefits Under IT Act 2025: Deduction Limits, Eligibility and Conditions

20 August 2026 at 09:05

The Income Tax Department has explained the tax deductions available on life insurance premiums, health insurance policies, preventive health check-ups and medical treatment expenses under the Income-tax Act, 2025.

Posted in Income Tax | 1632 Views

Time Limits for Issuing IT Notices and Completing Assessments Under Income Tax Act 2025

20 August 2026 at 09:05

The Income Tax Department has outlined the time limits for issuing scrutiny, reassessment and other income-tax notices, along with assessment completion deadlines under the Income-tax Act, 2025 as amended by Finance Act, 2026.

Posted in Income Tax | 2 comments | 17475 Views

Income Tax Department Undertakes Verification of Suspicious Foreign Remittances by 394 Entities

19 August 2026 at 09:34

CBDT launches nationwide verification of suspicious foreign remittances involving 394 entities and 36 professionals, including Form 15CB certificate issuers.

Posted in Income Tax | 462 Views

PM CARES Fund Reports Rs 8452 Crore Balance as Spending Remains Minimal in FY 2024-25

19 August 2026 at 09:29

The PM CARES Fund ended the financial year 2024-25 with a balance of around Rs 8,452 crore, according to audited financial statements made available on the fund's website. The figures have renewed public interest in the fund's receipts, expenditure,

Posted in Audit | 2727 Views

ICAI Convocation 2026: Check Eligible Members, Cities and Key Details

19 August 2026 at 09:20

ICAI will hold its Convocation on September 12, 2026, across 23 cities. Check eligibility, centres, membership/COP certificates and CA Final rank-holder felicitation details.

Posted in Students | 9819 Views

ICAI Extends Deadline for Feedback on CA Education and Training Scheme to 31st August 2026

19 August 2026 at 09:13

ICAI extends the deadline for feedback on the Chartered Accountancy Scheme of Education and Training to August 31, 2026. Submit feedback online.

Posted in Students | 5337 Views

16-Year-Old Lakshmanan Meyyappan Enters Guinness World Records as Youngest Chartered Accountant

18 August 2026 at 09:30

Lakshmanan Meyyappan has been recognised by Guinness World Records as the world's youngest Chartered Accountant at just 16 years and 141 days, inspiring aspiring finance professionals globally.

Posted in Students | 10278 Views