Latest Tax Updates, News, Articles & Notifications
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.
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.
FY 2025-26 depreciation files under Section 32 of the 1961 Act; Section 34 and the Section 33(11) pool govern Tax Year 2026-27 under the Income-tax Act 2025.
FY 2025-26 transfer pricing stays under Sections 92 to 92F of the 1961 Act. Due dates for Forms 3CEB, 3CEAA and 3CEAD, thresholds, ALP range and penalties.
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.
