CAclubindia News


DGFT Extends Deadline for TRQ Applications Under Key FTAs for FY 2026-27

   26 February 2026 at 08:40

DGFT extends TRQ application deadline to 15 March 2026 for FY 2026-27 under India-Sri Lanka FTA, India-Mercosur, and India-Mauritius CECPA, covering edible oils, spices, sugar, fish, apparel and beverages.

Posted in Others |   18 Views


TDS on Property, Rent & Virtual Digital Assets: Draft Form 141 Brings Detailed Reporting Norms

   26 February 2026 at 08:40

The Income Tax Department releases Draft Form No. 141, a challan-cum-statement for TDS on rent, property transfers, professional payments and virtual digital assets.

Posted in Income Tax |   27 Views


New Draft Form Introduced for Provisional Registration Under Income Tax Act, 2025

   26 February 2026 at 08:40

Draft Form 104 mandates detailed disclosures, beneficial ownership reporting, and document submissions for non-profit organisations seeking provisional registration.

Posted in Income Tax |   30 Views


ICAI to implement 11 ISAS to Strengthen Digital Audits

   26 February 2026 at 08:40

he Institute of Chartered Accountants of India (ICAI) introduces 11 Information Systems Audit Standards (ISAs) to enhance audit quality and strengthen governance within India's fast-growing digital ecosystem.

Posted in Audit |   24 Views


MCA Launches Companies Compliance Facilitation Scheme 2026 with Major Relief on Late Filing Fees

   25 February 2026 at 09:08

MCA introduces Companies Compliance Facilitation Scheme 2026 allowing companies to clear pending filings with just 10% additional fees. Scheme open till July 15, 2026.

Posted in Corporate Law |   4875 Views


Fake GST Officials Rob Rs 2.4 Crore Gold in Chennai

   25 February 2026 at 08:54

Two men, including a courier employee, were arrested in Chennai for impersonating GST officials and stealing 1.5kg gold jewellery worth Rs 2.4 crore near Guindy flyover. Full details here.

Posted in GST |   339 Views


Draft Form 165 Signals Stricter Financial Reporting Norms for Banks and Institutions

   25 February 2026 at 08:54

The Income Tax Department has released Draft Form 165 for reporting Specified Financial Transactions under the Income-tax Act 2025. Learn key reporting requirements, transaction coverage and compliance impact for banks, institutions and taxpayers.

Posted in Income Tax |   1548 Views


Rs 590 Crore IDFC First Bank Fraud: Full Timeline, Govt Funds Recovery, Market Impact Explained

   25 February 2026 at 08:54

IDFC First Bank faces scrutiny after a Rs 590 crore fraud linked to Haryana government accounts. Here's the timeline, investigation updates and market impact.

Posted in Others |   1260 Views


FM Sitharaman Warns Banks: Mis-Selling Financial Products is an Offence, RBI to Tighten Rules

   24 February 2026 at 08:58

Finance Minister Nirmala Sitharaman warns banks that mis-selling financial products is an offence as the RBI prepares stricter guidelines to improve transparency, compliance and customer protection.

Posted in Others |   2937 Views


Rs 1.25 Crore GST Notice Shocks Poor Potter in Uttar Pradesh, Alleges PAN Misuse

   24 February 2026 at 07:06

A poor potter from Uttar Pradesh alleges PAN and Aadhaar misuse after receiving a Rs 1.25 crore GST notice linked to fake firms. Read the full story.

Posted in GST |   354 Views