CAclubindia News

Aadhaar Not a Valid Proof of Date of Birth: UIDAI Issues Official Clarification

27 April 2026 at 09:21

UIDAI clarifies that Aadhaar is not a valid proof of date of birth. Learn what the latest circular means for identity verification, KYC and official documentation in India.

Posted in Income Tax | 120 Views

RBI Cancels Paytm Payments Bank Licence Under Banking Regulation Act

27 April 2026 at 09:14

The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank effective April 24, 2026, citing serious governance lapses and regulatory non-compliance under the Banking Regulation Act, 1949.

Posted in Others | 138 Views

Form 25 Under Income Tax Rules 2026: Key Rules for Medical Professionals

27 April 2026 at 09:13

The Income Tax Department releases FAQs on Form 25, detailing compliance rules for medical professionals, record-keeping requirements and key provisions under Rule 46 of Income-tax Rules, 2026.

Posted in Income Tax | 2241 Views

FM Sitharaman Flags 'Mythos' AI Threat, Urges Banks to Strengthen Cyber Defences

25 April 2026 at 09:21

Union Finance Minister Nirmala Sitharaman warns of emerging AI risks like 'Mythos' and directs banks to collaborate under SBI's leadership to strengthen cybersecurity and resilience.

Posted in Others | 975 Views

FM Sitharaman Calls for Human Interface in Banking Despite Digital Push

25 April 2026 at 09:13

Finance Minister Nirmala Sitharaman stresses the need for a "human interface" in banking services, balancing digitisation with customer support, MSME funding and cybersecurity preparedness.

Posted in Others | 63 Views

New Form 34 for Tax Audit Assessees: 30% Deduction on Employee Cost

25 April 2026 at 09:13

Form 34 under the Income-tax Act, 2025 is now mandatory for claiming 30% deduction on additional employee cost. Check eligibility, due date and filing rules.

Posted in Income Tax | 2514 Views

MCA Issues Advisory to Improve Ticket Resolution on MCA Portal

24 April 2026 at 09:10

MCA has issued fresh guidelines for stakeholders to streamline ticket resolution on the MCA portal. Key steps include raising single tickets, reopening unresolved cases and submitting complete details for faster response.

Posted in Corporate Law | 1881 Views

Form 101: Inventory Valuation Rules Explained under IT Rules 2026

24 April 2026 at 09:04

New FAQs on Form 101 explain when inventory valuation report is required, who must file and key compliance rules under the updated tax framework.

Posted in Income Tax | 4923 Views

RBI Data Shows Moderation in Sales Growth of FDI Companies in India During FY25

24 April 2026 at 09:01

RBI data reveals FDI companies in India saw moderated sales growth at 8.7% in FY25, while profit after tax surged 22.2%, driven by strong services sector performance and improved financial stability.

Posted in Others | 69 Views

DIR-3 KYC Filing Gets Costly: MCA Notifies Rs 5000 Penalty for Late Filing

23 April 2026 at 09:06

MCA introduces new DIR-3 KYC filing fee rules under Companies Amendment Rules 2026. Late filing now attracts Rs 5000 penalty, while timely filing remains free.

Posted in Corporate Law | 4008 Views