Latest Tax Updates, News, Articles & Notifications
Scientific research and R&D deduction moves from Section 35 of the 1961 Act to Section 45 of the Income-tax Act 2025 from FY 2026-27. Weighted deductions end; here is the verified mapping and checklist.
SEBI’s GARUDA mechanism (June 19, 2026) lets AIF schemes launch in 10 working days, with accredited-investor and angel funds going near-instant. What changes and how to prepare.
Corporate Laws (Amendment) Bill 2026 proposes a bigger small company, liberalised Section 68 buybacks and a body-corporate NFRA. Pending JPC. What to prepare.
Income-tax Rules 2026 raise children education allowance to Rs 3,000 a month, hostel to Rs 9,000, from FY 2026-27. Old regime only. What employers must do.
GSTR-3B liability has been hard-locked since the July 2025 tax period. Corrections move to GSTR-1A and credit is shaped by IMS. Here is how to file under the new regime and what is expected around July 2026.
The Income-tax Rules, 2026 add Bengaluru, Hyderabad, Pune and Ahmedabad to the 50% HRA exemption list from FY 2026-27. Here is what changed, who is affected, and the action for employers and employees.
Section 80-IAC gives DPIIT-recognised startups a 100% deduction of profits for any 3 consecutive years out of 10. Eligibility, the 31 March 2030 extension, MAT and 115BAA traps, and the Section 140 transition under the Income-tax Act 2025.
GSTN has deferred the mandatory Ship-To GSTIN field and the voluntary E-Way Bill closure facility from 15 June to 1 August 2026. Here is what changes and how to prepare.
RBI Circular RBI/2026-27/98 (5 June 2026) moves FEMA returns R343 and R006 to the CIMS portal from 30 June 2026 for AD Category-I banks. NIL returns mandatory.
CBDT compulsory scrutiny guidelines FY 2026-27: the six categories (CS-01 to CS-06) that trigger a Section 143(2) notice by 30 June 2026, explained for CAs and founders.
