CAclubindia News
No AI Surveillance Under Section 247: Finance Ministry Clears Confusion Over New Tax Law
19 February 2026 at 09:08Section 247 of the Income Tax Act 2025 explained: Govt says no new authority or AI monitoring powers for tax officials. Read key details!
RBI Issues Final Directions on Unique Transaction Identifier for OTC Derivatives
19 February 2026 at 08:10The Reserve Bank of India has issued final directions on the Unique Transaction Identifier (UTI) for OTC derivative transactions after reviewing stakeholder feedback, aiming to enhance transparency and global aggregation of market data.
ICAI: UDIN Validation Now Based on Five Parameters Including PAN
19 February 2026 at 08:10ICAI announces PAN as a mandatory field for UDIN generation under GST & Tax Audit. UDIN validation on CBDT e-Filing portal will now be based on five parameters from February 2026.
Govt Rejects 'Multi-Layered Tax Burden' Claims: Finance Ministry Cites Low Tax-to-GDP Ratio
19 February 2026 at 08:09The government has rejected claims of excessive multi-layered taxation, stating India's tax-to-GDP ratio remains among the lowest in the G20 while highlighting GST rationalisation and ongoing tax reforms aimed at simplification and compliance.
Section 112 GST Appeals: New Guidance Issued on Online Filing Challenges
19 February 2026 at 08:09Public Notice No. 02/2025-26 issued by the GST Appeals Commissionerate in Chennai clarifies timelines and grievance redressal for filing appeals before the GSTAT amid APL-04 portal issues under Section 112 of the CGST Act, 2017.
ICAI Reprimands CA for Filing Unsigned Financial Statements with MCA in AOC-4
18 February 2026 at 09:15ICAI Disciplinary Committee reprimands CA for certifying unsigned financial statements filed in Form AOC-4, holding him guilty of professional misconduct under CA Act, 1949.
ICAI Introduces UDIN Ceiling & Field-Level Validation for Section 44AB Tax Audits from 1st April 2026
18 February 2026 at 09:06ICAI announces field-level validation for all Section 44AB sub-categories and caps UDIN generation as per 60 tax audit limit from April 1, 2026. Read full details.
Recognised Stock Exchange Criteria Tightened Under Draft IT Rules 2026
18 February 2026 at 07:09Stock exchanges must maintain audit trails, prevent transaction erasure, record PAN and UCC, and submit monthly reports to DGIT under new Rule 4 of Draft IT Rules 2026.
SEZ Rules Amended in 2026: IFSCA Empowered to Issue Form GA for IFSC Units in GIFT City
18 February 2026 at 07:09The SEZ Rules, 2026 amend Rule 19, empowering IFSCA to issue Form GA for IFSC units in GIFT City. Here's what the new approval framework means.
India's Currency in Circulation Hits Record Rs 40 Lakh Crore Despite UPI Surge
18 February 2026 at 07:09SBI Research reports 11% YoY growth in currency in circulation to Rs 40 lakh crore despite booming UPI payments. GST notices may have influenced cash use.
Popular News
- CBDT to Replace Forms 3CA, 3CB & 3CD with Consolidated Form 26
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- Draft Income Tax Rules, 2026 Released: Major Changes in Capital Gains, Perquisites and Non-Resident Taxation
- CBDT Proposes New Form 130 for TDS on Salary, Pension and Interest Income Under IT Act
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