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New Income Tax Act 2025 More Taxpayer-Friendly, Simpler to Understand: Chief Commissioner

   21 May 2026 at 09:35

Income Tax Act 2025 is simpler, clearer and more taxpayer-friendly, says Chief Commissioner. The new law aims to reduce complexity and improve tax compliance.

Posted in Income Tax |   1560 Views


ICAI Plans Major CA Curriculum Revamp With AI, ESG And Data Analytics Subjects

   21 May 2026 at 09:26

ICAI is planning to introduce Artificial Intelligence, data analytics, ESG, and forensic auditing into the CA curriculum. The proposed changes aim to prepare future chartered accountants for technology-driven finance and auditing roles.

Posted in Students |   3492 Views


Finance Ministry Issues Corrigendum to Customs Notification 14/2026: Key Changes Explained

   20 May 2026 at 09:29

The Ministry of Finance has issued a corrigendum to Customs Notification No. 14/2026, correcting tariff classifications and notification entries under the customs framework. Here are the key changes.

Posted in Custom |   213 Views


Centre Dismisses Claims of Temple Gold Monetisation Scheme Across India

   20 May 2026 at 09:19

The Government of India has denied reports claiming temple gold will be monetised or used for strategic reserves. Officials called the rumours false and misleading.

Posted in Others |   1617 Views


GSTN Introduces Annexure-B Offline Utility for ITC Refund Applications

   20 May 2026 at 09:15

GST refund filing process updated from May 2026. Taxpayers must now upload Annexure-B through the new offline utility for accumulated ITC refund claims on the GST portal.

Posted in GST |   3072 Views


ICAI Introduces UDIN Ceiling for Tax Audit Assignments from FY 2026-27

   19 May 2026 at 09:39

ICAI has introduced a ceiling of 60 Tax Audit assignments per member for UDIN generation effective from April 1, 2026. Read the complete FAQs, applicable forms, counting rules, revised audit treatment and key compliance details.

Posted in Income Tax |   6300 Views


Form 35: New Tax Form for Offshore Banking Units Under IT Act 2025

   19 May 2026 at 09:37

Form 35 under the Income Tax Act 2025 is mandatory for Offshore Banking Units and IFSC entities claiming deductions. Check eligibility, due date, filing process, required documents and FAQs.

Posted in Income Tax |   2445 Views


Centre Revises Excise Duty Rates on Petroleum Products Effective from May 16, 2026

   19 May 2026 at 09:37

The Finance Ministry has revised central excise duty rates through Notification Nos. 22/2026 and 23/2026-Central Excise effective May 16, 2026. Check revised per litre rates, applicability and key implications.

Posted in Excise |   105 Views


Form 154 Filing Mandatory for Certain Non-Domiciled Individuals Before Leaving India

   18 May 2026 at 09:16

The Income Tax Department has clarified the process for obtaining ITCC through Form 154 and Form 155 under Income Tax Rules 2026. Here's who must file, due dates, documents required and compliance rules for non-domiciled persons leaving India.

Posted in Income Tax |   2448 Views


No Foreign Travel Tax Planned: PM Modi Dismisses Viral Media Report

   18 May 2026 at 09:16

PM Modi has dismissed reports claiming the government plans to impose a cess, tax or surcharge on foreign travel. He reiterated the govt's focus on Ease of Doing Business and Ease of Living, while the media outlet later withdrew the inaccurate report.

Posted in Income Tax |   2244 Views



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