CAclubindia News
Direct Tax Collections Rise 16.4% to Rs 6.51 Lakh Crore as on 13th July 2026 for FY 2026-27
15 July 2026 at 09:26Net direct tax collections for FY 2026-27 rose 16.4% to Rs 6.51 lakh crore as of July 13, 2026, while gross collections increased 16.1%, according to official data.
Finance Ministry Empowers DRAT Delhi Chairperson to Decide PNB Appeals
15 July 2026 at 09:19Finance Ministry issues notification authorising the DRAT Delhi Chairperson to decide key Punjab National Bank appeals and connected proceedings.
MSME-MCA Internship Claim False: PIB Advises Citizens Not to Share Personal Information
14 July 2026 at 09:30PIB Fact Check has clarified that a viral Google Form claiming to offer an MSME and MCA-approved internship for doctors and professionals is fake. Citizens are advised not to share personal information on unverified platforms.
FM Sitharaman Reviews RBI Swap Schemes; Banks Report Strong NRI Response to FCNR(B) Deposits
14 July 2026 at 09:25Finance Minister Nirmala Sitharaman reviewed RBI's FCNR(B), ECB and OFCB swap schemes. Banks reported strong NRI participation, rising foreign currency inflows, and growing use of GIFT City for global fund mobilisation.
Over 1.7 Crore Taxpayers Filed ITRs for AY 2026-27
13 July 2026 at 09:36More than 1.7 crore taxpayers have already filed their ITRs for AY 2026-27, with over 10 lakh returns submitted in a single day. File your ITR-1 or ITR-2 before the July 31, 2026 deadline and avoid the last-minute rush.
CBIC Allows Extension Beyond 2-Year Limit Under Customs Notification 8/2016
13 July 2026 at 09:24CBIC Notification 28/2026-Customs empowers the Board to extend the two-year period prescribed under Notification 8/2016-Customs in cases where sufficient cause is shown.
CBDT Notifies TDS Exemption for Specified Payments to IFSC Units Under Income Tax Act 2025
11 July 2026 at 09:34CBDT notifies TDS exemption on specified payments made to eligible IFSC units under the Income Tax Act, 2025. The relief covers interest, commission, professional fees, dividends, and other notified incomes, effective from April 1, 2026.
ICAI Renews MRA with CPA Australia to Boost Global Mobility for Accountants
11 July 2026 at 09:30ICAI and CPA Australia have renewed their Mutual Recognition Agreement (MRA) for five years, enhancing global mobility, professional recognition, collaboration, and career opportunities for eligible members of both accounting bodies.
Income Tax Department Releases ITR-7 Excel Utility for AY 2026-27
11 July 2026 at 09:23Income Tax Department releases ITR-7 Excel Utility Version 1.0 for AY 2026-27. Eligible trusts, institutions, political parties, and entities can now prepare and file returns under Sections 139(4A), 139(4B), 139(4C), and 139(4D).
CBDT Authorises DGIT (Systems) to Upload Global Financial Information in AIS Under Income Tax Act, 2025
10 July 2026 at 09:29CBDT has authorised the Director General of Income-tax (Systems) to upload information received under the Automatic Exchange of Information (AEOI) framework into the AIS through Form No. 168 under the Income-tax Act, 2025.
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