CAclubindia News


ICAI Reprimands CA for Filing Unsigned Financial Statements with MCA in AOC-4

   18 February 2026 at 09:15

ICAI Disciplinary Committee reprimands CA for certifying unsigned financial statements filed in Form AOC-4, holding him guilty of professional misconduct under CA Act, 1949.

Posted in Corporate Law |   2619 Views


ICAI Introduces UDIN Ceiling & Field-Level Validation for Section 44AB Tax Audits from 1st April 2026

   18 February 2026 at 09:06

ICAI 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.

Posted in Income Tax |   5610 Views


Recognised Stock Exchange Criteria Tightened Under Draft IT Rules 2026

   18 February 2026 at 07:09

Stock 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.

Posted in Income Tax |   960 Views


SEZ Rules Amended in 2026: IFSCA Empowered to Issue Form GA for IFSC Units in GIFT City

   18 February 2026 at 07:09

The 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.

Posted in Others |   153 Views


India's Currency in Circulation Hits Record Rs 40 Lakh Crore Despite UPI Surge

   18 February 2026 at 07:09

SBI 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.

Posted in Others |   54 Views


Net Direct Tax Collection for FY 2025-26 Grows 9.4%, Refunds Drop 18.8%

   17 February 2026 at 09:17

India's net direct tax collection for FY 2025-26 rises 9.40% to Rs 19.43 lakh crore as on February 10, 2026. Check corporate tax, non-corporate tax, refunds and gross collection details.

Posted in Income Tax |   159 Views


CA May 2026 Exams: ICAI Opens Online Empanelment for Observers, Check Eligibility & Key Dates

   17 February 2026 at 09:10

ICAI invites applications from eligible members for Observer empanelment for CA May 2026 Exams. Check eligibility criteria, honorarium details, cooling-off rule, key dates and application process.

Posted in Students |   2895 Views


Draft Form 48 Introduced for Transfer Pricing Reporting Under Section 172 of IT Act, 2025

   17 February 2026 at 07:00

Draft Form 48 under Section 172 of the Income-tax Act, 2025 introduces a detailed reporting framework for international and specified domestic transactions, mandating transaction-wise ALP computation and CA certification for transfer pricing compliance.

Posted in Income Tax |   1071 Views


New Form 66 for Section 206 Book Profit: Companies to File CA-Certified Report

   17 February 2026 at 07:00

Draft Form 66 introduces a structured reporting framework for computation of book profit under Section 206(1) of the Income Tax Act, 2025. The form mandates detailed Ind AS transition disclosures and CA certification for companies.

Posted in Income Tax |   3504 Views


RBI Issues New Amendment Directions on Capital Market Exposure to Boost Banking Finance

   17 February 2026 at 07:00

RBI has issued Amendment Directions on Capital Market Exposure, enabling acquisition financing, easing lending norms against market securities and strengthening risk management for banks to support capital market growth while ensuring financial stability.

Posted in Others |   930 Views