Latest Tax Updates, News, Articles & Notifications
Section 145 becomes Section 276 and Section 145A becomes Section 277 under the Income-tax Act 2025 from 1 April 2026. How ICDS, method of accounting and inventory valuation carry forward into FY 2026-27, with a Form 3CD action checklist and FAQ.
Section 148 of the Income-tax Act 2025 replaces Section 80M: how domestic companies claim the inter-corporate dividend deduction, and the one-month timing rule.
CBDT Notification 97/2026 notifies Form ITR-BN for block assessment in search and seizure cases. Who files it, the block period, the 60 per cent rate, and what changes from 1 April 2026.
CBDT Notification 80/2026 exempts specified payments to IFSC units from TDS from April 1, 2026. The 14 eligible categories, Form 1(N), and the reporting trap explained.
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.
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.
