CAclubindia News

Income Tax Relief on Arrears, Gratuity and Foreign Pension Under Sections 157 & 158

27 August 2026 at 09:20

Income Tax Sections 157 and 158 explained: Know the rules, eligibility, Form 39 and Form 40 requirements, and calculation of relief on arrears, gratuity, pension and foreign retirement accounts.

Posted in Income Tax | 2367 Views

No Deduction of TDS Under IT Act 2025: Form 121 Rules for Individuals and Senior Citizens

27 August 2026 at 09:10

Form 121 allows eligible taxpayers to claim no TDS on specified income under the Income-tax Act, 2025. Know eligibility, filing process, UIN and reporting rules.

Posted in Income Tax | 1 comments | 5232 Views

Income Tax Department Releases ITR-6 Offline Utility for AY 2026-27

26 August 2026 at 09:23

Income Tax Department releases ITR-6 offline utility Version 1.0.0 for companies other than those claiming Section 11 exemption. Check release date, Mac utility and key details.

Posted in Income Tax | 552 Views

TDS on Virtual Digital Assets Under Income Tax Act 2025: Key Rules, Rate, Threshold and Compliance

26 August 2026 at 09:14

Know the TDS rules on Virtual Digital Asset transfers under the Income-tax Act, 2025, including the 1% rate, Rs 50,000/ Rs 10,000 thresholds, exchange rules and compliance.

Posted in Income Tax | 3132 Views

RRBs Record Rs 10,176 Crore Net Profit in FY 2025-26, Business Crosses Rs 13.5 Lakh Crore

26 August 2026 at 09:06

Regional Rural Banks record a ₹10,176 crore net profit in FY 2025-26, while total business crosses ₹13.5 lakh crore and 54.98 lakh new PMJDY accounts are opened.

Posted in Community & General | 57 Views

RBI's USD-INR Swap Facility Draws $73 Billion in Forex Inflows in Just 11 Weeks

25 August 2026 at 09:19

RBI’s USD-INR swap facility has mobilised US$73 billion in forex inflows in 11 weeks, including US$65.40 billion through FCNR(B) deposits.

Posted in Investments & Personal Finance | 159 Views

ICAI SPMT Tests Suspended from 11th to 20th October 2026 Due to Portal Maintenance

25 August 2026 at 09:14

ICAI has announced that SPMT tests will not be conducted from 11 to 20 October 2026 due to portal maintenance. Slot booking will resume from 21 October.

Posted in Students | 303 Views

Income Tax Refund Rules Under Income Tax Act, 2025: How to Claim Excess Tax Paid

25 August 2026 at 09:14

Learn how to claim an income tax refund for excess tax paid under the Income-tax Act, 2025, including refund eligibility, filing rules, delayed refund interest, set-off and condonation of delay.

Posted in Income Tax | 1 comments | 20988 Views

Specified Senior Citizens: TDS Rules on Pension and Interest Income Under Income Tax Act, 2025

24 August 2026 at 09:11

Specified senior citizens aged 75+ can get relief from ITR filing when they have only pension and interest income. Know the TDS rules, Form 125 and eligibility conditions.

Posted in Income Tax | 1 comments | 19422 Views

Income Tax Benefits for Small Businesses in 2026-27: Key Deductions and Exemptions