Latest Tax Updates, News, Articles & Notifications
CBDT notifies Cost Inflation Index 384 for FY 2026-27 via S.O. 3889(E) under Section 72(8)(a) of the Income-tax Act 2025. Who can still claim indexation on capital gains and how to compute LTCG.
No TDS on aircraft and ship lease rent paid to IFSC units: CBDT Notification 74/2026 and 75/2026 explained, with the Form 1(N) declaration process.
From FY 2026-27, Form 24Q is now Form 138 and Form 26Q is Form 140. Your Q1 TDS and TCS returns are due 31 July 2026. Full old-to-new form mapping inside.
CBDT Circular 06/2026 condones the delay in filing Form 10AB for Section 80G renewal where applications were filed between October 2025 and March 2026.
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.
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.
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.
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.
Section 43B becomes Section 37 of the Income-tax Act 2025 and 43B(h) becomes Section 37(2)(g). Period-aware guide to the MSME disallowance for the 30 Sept 2026 tax audit.
