CAclubindia News


Raghav Chadha Calls for Nil LTCG Tax on Equity Investments for Individual Investors

   10 February 2026 at 09:59

AAP Rajya Sabha MP Raghav Chadha urges the Centre to abolish LTCG tax on equity investments for individuals, backs higher STT on derivatives to curb speculation, and cites global examples to promote long-term investing and wealth creation.

Posted in Income Tax |   582 Views


CBDT Proposes New Form 130 for TDS on Salary, Pension and Interest Income Under IT Act

   10 February 2026 at 06:49

CBDT introduces Draft Form 130 to consolidate TDS certification for salary, pension and specified senior citizen interest income, detailing tax deduction, deposit, and computation under the Income-tax Act.

Posted in Income Tax |   4005 Views


CBDT to Replace Forms 3CA, 3CB & 3CD with Consolidated Form 26

   10 February 2026 at 06:49

Forms 3CA, 3CB and 3CD used for tax audit reporting are proposed to be merged into a single Form 26, bringing uniformity and simplified compliance.

Posted in Income Tax |   9204 Views


Permissible Day and Time for Inspection by Valuation Officers under Draft Income Tax Rules, 2026

   10 February 2026 at 06:49

Rule 174 of Draft Income-tax Rules, 2026 prescribes the permissible day and time for inspections by Valuation Officers under section 269, ensuring procedural fairness.

Posted in Income Tax |   60 Views


Guidelines for Audit and Inventory Valuation Expenses under Draft Income Tax Rules, 2026

   10 February 2026 at 06:48

Rule 172 under Draft Income-tax Rules, 2026 standardises audit and inventory valuation expenses with hourly fee caps, empanelled professionals and billing safeguards.

Posted in Income Tax |   228 Views


Rule 86 Explained: Safe Harbour Definitions under Draft Income Tax Rules, 2026

   10 February 2026 at 06:48

Understand Rule 86 under Draft Income-tax Rules, 2026. Detailed definitions for safe harbour transactions covering ITES, KPO, R&D, intra-group services, auto components and financial metrics.

Posted in Income Tax |   2646 Views


New Rule 166 Prescribes Conditions for Defective Return Under Section 263(7)

   10 February 2026 at 06:48

Rule 166 of the Income-tax Rules, 2026 lays down conditions for treating a return as defective under section 263(7), including incomplete returns, audit report lapses, tax payment details and MAT/AMT credit mismatch.

Posted in Income Tax |   78 Views


Draft Income Tax Forms 2026 Released: Category-wise Table of 190 Draft Forms Explained

   09 February 2026 at 06:52

Draft Income-tax Forms 2026 released proposing 190 forms under the Income-tax Act, 2025. Check complete category-wise table and explanation of all forms.

Posted in Income Tax |   5139 Views


CBDT Seeks Stakeholders' Inputs on Draft Income Tax Rules and Forms Under IT Act, 2025

   09 February 2026 at 06:52

CBDT invites stakeholder inputs on proposed Income-tax Rules and Forms under the Income-tax Act, 2025. Suggestions can be submitted via the e-filing portal on simplification, litigation reduction and compliance burden ahead of April 2026 rollout.

Posted in Income Tax |   273 Views


Draft Income Tax Rules, 2026 Released: Major Changes in Capital Gains, Perquisites and Non-Resident Taxation

   09 February 2026 at 06:52

Draft Income Tax Rules, 2026 notified from April 1, 2026. Check key changes in capital gains, perquisites, valuation, residency and non-resident taxation.

Posted in Income Tax |   5883 Views



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