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175 Legal Compliances and Legal Updates for July-2026 in India

CA, CS, CMA : A comprehensive guide covering 175 legal compliances for July 2026 under FEMA, Income Tax, GST, SEBI, Companies Act, Labour Laws, ...

July 6, 2026 54999 Views 2 comments Print

Meaning of Relatives​ Under Income Tax Act, 1961

Income Tax : The Income-tax Act does not prescribe a single definition of "relative" for all purposes. Different provisions such as Sections 13...

July 6, 2026 18387 Views 1 comment Print

TDS- Section 194IA Payment on transfer of immovable property

Income Tax : Understand when 1% TDS applies on purchase of immovable property under Section 194-IA. Learn the Rs. 50 lakh threshold, compliance...

July 4, 2026 447888 Views 44 comments Print

Lower / Nil TDS Certificate for NRI Payments: Form 128 & Form 129

Income Tax : This guide explains when NRIs should use Form 128 and when payers should use Form 129 to reduce or eliminate excess TDS. It also c...

July 3, 2026 420 Views 0 comment Print

Profit Below 6%: Has New Law Changed Old Section 44AD–44AB Principle?

Income Tax : The article argues that Section 58(3) of the Income-tax Act, 2025 does not independently mandate books of account or tax audit for...

July 3, 2026 5331 Views 0 comment Print


Latest News


Salient Features of Income Tax Act 2025

Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...

April 29, 2026 9933 Views 0 comment Print

Free Live Webinar: Decoding the New Income Tax Act, 2025

Income Tax : This webinar breaks down the major structural and conceptual changes introduced in the new Income Tax Act, 2025. It helps professi...

April 5, 2026 8724 Views 0 comment Print

Income Tax Raid Details Cannot Be Shared Due to Legal Confidentiality

Income Tax : The government informed Parliament that taxpayer-specific details of income tax searches cannot be disclosed due to confidentialit...

March 18, 2026 786 Views 0 comment Print

No New Digital Search Powers Under Section 247 of New Income Tax Act 2025

Income Tax : The Government clarified that the new income tax search provision does not expand powers or permit AI-based digital surveillance, ...

February 10, 2026 2145 Views 0 comment Print

Representation for Streamlining Sections 12AB and 80G Registration & Renewal

Income Tax : The representation highlights large-scale pendency and administrative bottlenecks under Sections 12AB and 80G, urging immediate re...

January 8, 2026 5070 Views 1 comment Print


Latest Judiciary


Section 223(1) BNSS Hearing Mandatory Before Cognizance Under Income-tax Act: Madras HC

Income Tax : Madras HC set aside cognizance under the Income-tax Act, holding Section 223(1) BNSS mandates hearing the accused before cognizanc...

July 5, 2026 189 Views 0 comment Print

Section 143(2) Notice & Valid Draft Assessment Mandatory U/s 144C: ITAT Mumbai

Income Tax : ITAT Mumbai quashed reassessment after finding no Section 143(2) notice and that the AO issued a final order disguised as a draft ...

July 5, 2026 225 Views 0 comment Print

Section 148 Notice Quashed for Lack of Live Nexus With Seized Material: Gujarat HC

Income Tax : Gujarat HC quashed a Section 148 notice, holding that a seized inquiry register without a live nexus to the assessee cannot justif...

July 5, 2026 207 Views 0 comment Print

Section 149 Limitation Bars Section 148 Reassessment Based on Search Material: Gujarat HC

Income Tax : Gujarat HC quashed Section 148 reassessment as it was issued beyond Section 149 limitation, holding Section 152(3) applies to sear...

July 5, 2026 213 Views 0 comment Print

Draft Assessment Ignoring Filed Return Set Aside for Fresh Consideration: Madras HC

Income Tax : Madras HC held that merely issuing a corrigendum acknowledging the return did not rectify the defective assessment process and ord...

July 4, 2026 126 Views 0 comment Print


Latest Notifications


CBDT Grants Five-Year Scientific Research Recognition to Public Health Foundation

Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...

June 25, 2026 330 Views 0 comment Print

CBDT Approved University of Hyderabad for Scientific Research Tax Benefits

Income Tax : CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval i...

June 25, 2026 177 Views 0 comment Print

CBDT Grants Section 35 Approval to Shree Hari Arogyam Foundation

Income Tax : The Principal Chief Commissioner of Income Tax (Exemptions) approved the company under Section 35(1)(iia) for scientific research ...

May 12, 2026 414 Views 0 comment Print

CBDT Notifies India-Japan Tax Recovery Pact

Income Tax : The government enforced a tax collection assistance agreement with Japan effective from 8 July 2025. The notification enables cros...

April 2, 2026 984 Views 0 comment Print

CBDT revises Mandatory DIN Requirement to align with Finance Act 2026

Income Tax : CBDT updated DIN rules to align with new provisions introduced under the Finance Act, 2026. The circular mandates DIN for most tax...

March 31, 2026 3411 Views 0 comment Print


Capital Gains Tax on Transfer of Depreciable Assets Without Asset Distribution Post-Partnership Firm reconstitution

July 10, 2024 963 Views 0 comment Print

Kerala High Court rules on capital gains tax for transfer of depreciable assets in PVR Tourist Home Vs CIT. Read the full judgment and detailed analysis here.

No TDS on Payments Received by Distributors/Franchisees from Third Parties

July 10, 2024 1065 Views 0 comment Print

Calcutta High Court rules in favor of Vodafone Idea Limited, stating no TDS is required on payments received by distributors/franchisees. Detailed analysis inside.

ITAT follows principle of consistency; Restricts addition for Bogus Purchase to 3% 

July 9, 2024 1626 Views 0 comment Print

Explore the detailed ITAT Mumbai order on Trustar Diamonds appeal against ACIT for A.Y. 2012-13, addressing alleged bogus purchases in the diamond industry.

ITAT deletes addition made by CIT(A) without adequate justification 

July 9, 2024 873 Views 0 comment Print

Read the full text of the ITAT Mumbai order in the case of Krimesh Ramesh Divecha Vs DCIT for A.Y. 2015-16. Understand the assessment details and implications.

Section 138(1)(a) of Income-tax Act: Information Sharing with Telangana Government

July 9, 2024 1308 Views 0 comment Print

CBDT directs DGIT (Systems) to share income tax information with Telangana’s Agriculture Department as per Section 138(1)(a) of the Income-tax Act, 1961.

Section 138 Notification: Agriculture Production Commissioner, Telangana specified

July 9, 2024 519 Views 0 comment Print

Discover the latest Income Tax Act notification under section 138 for Telangana by the Ministry of Finance. Details on the designation and its implications explained.

Things to Keep in Mind While Disclosing Your F&O Income at the Time of Filing Taxes

July 9, 2024 2712 Views 0 comment Print

F&O traders need to know how their profits are taxed. With the ITR return filing date approaching, it is imperative to know how stock options trading taxes work.

Telecom Distributor Discounts Not Subject to TDS as Commission: Gujarat HC

July 9, 2024 1233 Views 0 comment Print

Gujarat High Court rules in favor of Bharti Airtel Ltd, stating distributor discounts are not subject to TDS under Section 194 of the Income Tax Act. Read the full judgment here.

Delhi HC Denies Tax Exemption to Trust Charging Capitation Fee

July 9, 2024 600 Views 0 comment Print

Explore the Delhi High Court’s judgment on ITSC’s conclusive nature for AY, assessing reassessment under Section 148 of the Income Tax Act, 1961. Full text and detailed analysis included.

Non availability of legal consultant: Kerala HC Condones 11-Day Delay

July 9, 2024 555 Views 0 comment Print

Kerala High Court condones an 11-day delay in the tax appeal by Meenachil Taluk Cooperative Society, emphasizing the need for legal and technical assistance in tax matters.

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