Latest Tax Updates, News, Articles & Notifications
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.
Form 16 for FY 2025-26 is due June 15, 2026. Miss it and face Rs 100 per day under Section 272A(2)(g). Pre-issue Form 24Q and TRACES checklist for employers.
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.
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.
