Latest Tax Updates, News, Articles & Notifications
How Section 14A and Rule 8D work for FY 2025-26 under the Income-tax Act, 1961: the Rule 8D formula and its cap, when the Assessing Officer can apply it, the 2022 rule for years with no exempt income, what the Supreme Court decided in Maxopp and South Indian Bank, which income is still exempt, and Section 14 of the Income-tax Act, 2025.
Transfers made up to 31 March 2026 are taxed under the 1961 Act for AY 2026-27. What Section 536 says about exemptions, lock-ins and capital losses.
FY 2025-26 tax audits stay under Section 44AB of the 1961 Act. Who needs one, the 30 September 2026 due date, key Form 3CD clauses, 43B(h), 40(a)(ia), 271B.
How Section 536 of the Income-tax Act, 2025 carries 1961 Act losses, unabsorbed depreciation and MAT/AMT credit into tax year 2026-27, and the new MAT limits.
CBDT notified the AY 2026-27 ITR forms under the Income-tax Act, 1961 on 30 March 2026. Why the old Act applies, which form fits and the due dates.
Reassessment of AY 2026-27 and earlier stays under the 1961 Act after 1 April 2026. What Section 536(2)(c) and the CBDT FAQ say, with Section 149 limits.
With Cohort D in week 2 of 9 (May 1 to June 30, 2026), GSTAT NIC portal data shows about 14 percent uptake against 5,200 estimated filings. Five recurring errors (wrong cohort, mixed-period pre-deposit, missing OIO, challan dating, legacy-Act grounds) are causing rejection-and-refile loops. This is the 7-week sprint plan and Section 112(6) condonation map for the final pre-April 1, 2026 backlog tranche.
Q4 FY 2025-26 TDS and TCS stay under the 1961 Act: Forms 24Q, 26Q and 27Q by 31 May 2026, Form 27EQ by 15 May, Forms 16 and 16A by 15 June 2026.
From April 1, 2026 the V3 SBO Electronic Register feeds directly into the FY 2025-26 MGT-7 Part-A SBO disclosure. A 9-step compliance walk-through with chain analysis, BEN-2 timeline, and Section 90(11) discipline.
On Friday May 8, 2026 the V2 portal is 53 days from cutover. A week-by-week sprint plan, the five gaps practitioners are still hitting, and the June 30 playbook for CAs and Company Secretaries.
