CAclubindia News


New Tax Draft Form Introduced for Provident and Gratuity Fund Nominations

   23 February 2026 at 06:54

Draft Form 184 under Draft Income Tax Rules 2026 introduces a new nomination format for provident and gratuity funds. Know key details, purpose and impact on employees.

Posted in Income Tax |   87 Views


Draft Form 124 Proposes Mandatory Disclosure of Relationship With Landlord for HRA Claims

   23 February 2026 at 06:54

Draft Form 124 under Draft Income Tax Rules 2026 proposes detailed reporting for HRA claims including landlord PAN, Aadhaar, rent details, and supporting documents. Know impact.

Posted in Income Tax |   1032 Views


Madhya Pradesh Tax Bodies Seek Relief from Mandatory English Translation Rule for GST Tribunal Appeals

   23 February 2026 at 06:54

Indore tax consultants seek removal of English translation rule for GST appeals, saying it increases compliance costs in Hindi-speaking states.

Posted in GST |   54 Views


GSTN Enables Online Facility to Withdraw from Rule 14A via Form GST REG-32

   23 February 2026 at 06:54

GSTN enables taxpayers to withdraw from Rule 14A via Form GST REG-32 on the GST Portal. Know eligibility, steps, timelines, Aadhaar authentication and key conditions.

Posted in GST |   90 Views


IT Department Sends Notices to High-Earning Senior Executives for Undisclosed Foreign Assets

   21 February 2026 at 08:27

Income Tax Department scrutinizes high-earning executives with salaries over Rs 50 lakh for underreporting income, hiding foreign assets and claiming unwarranted exemptions. Notices issued, penalties may follow.

Posted in Income Tax |   1293 Views


CBDT introduces Draft Form No 41 for Tax Residency Reporting

   21 February 2026 at 07:53

Draft Form No. 41 under Section 159(8) introduces new reporting requirements for residency certificates. Learn key details, information required and compliance impact.

Posted in Income Tax |   1599 Views


New Eligibility and Remuneration Rules for Investment Funds Under Draft IT Rules 2026

   21 February 2026 at 07:53

Draft Rule 274 under Income Tax Rules 2026 outlines eligibility conditions, compliance relaxations, control thresholds and remuneration norms for investment funds claiming Section 9(12) benefits.

Posted in Income Tax |   516 Views


New Reporting and Eligibility Norms for Foreign Pension Funds Under Rule 282

   21 February 2026 at 07:53

Rule 282 of Draft Income-tax Rules 2026 introduces strict conditions for foreign pension funds, covering eligibility, reporting, filings and compliance certification requirements.

Posted in Income Tax |   1836 Views


Supreme Court Flags Misuse of Taxpayers' Money in Rising Freebies Culture Across States

   21 February 2026 at 07:53

The Supreme Court questions states over freebies funded by taxpayers' money, warning of fiscal stress, revenue deficits and long-term risks to India's economic growth.

Posted in Income Tax |   1353 Views


ICAI Finds 11 CAs Guilty in Bogus Political Donations Case, Issues Reprimand

   20 February 2026 at 09:20

ICAI finds 11 chartered accountants guilty in a bogus political donations case and issues reprimand. Read key details, implications and compliance lessons.

Posted in Income Tax |   4062 Views