Rajasthan revises RGST Section 61 return scrutiny guidelines, risk parameters, faceless scrutiny process, ASMT forms and action under Sections 73, 74 and 74A.
ICAI has declared the CA Foundation May 2026 results with an overall pass percentage of 20.09% and announced the All India top rank holders.
CBDT authorises DGIT (Systems) to upload AEOI information in Annual Information Statement Form 168 under section 239 and Rule 245(2).
CBDT authorises DGIT (Systems) to upload AEOI information in AIS Form 26AS under sections 119, 90 and 90A, prescribing timelines and procedures.
ITAT Mumbai deleted the Section 69A addition, holding that cash deposits backed by recorded jewellery sales and accepted books cannot be taxed on mere suspicion.
CBDT Circular 05/2026 clarifies safe harbour rules for foreign companies selling raw diamonds in Special Notified Zones, covering eligibility, tax, TDS and DTAA.
CBDT Notification 74/2026 exempts TDS on eligible IFSC aircraft lease rent under section 393, subject to Form 1(N), effective from 1 April 2026.
PIB outlines Indias E20 ethanol blending progress, programme milestones, industry views, and responses to frequently raised concerns on fuel performance.
F&O and intraday trading are business income, not capital gains. Know ITR-3, audit thresholds, loss set-off, advance tax and compliance requirements.
US dividends are taxable in India with FTC under the India–US DTAA. Know Form 44, Schedule FA, FTC limits and reporting requirements.
