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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 55020 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 18417 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 447984 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 423 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 5337 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 9942 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 192 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 228 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 222 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 132 Views 0 comment Print


Latest Notifications


FAQs on Section 536 Transition Provisions Under Income-Tax Act 2025

Income Tax : CBDT FAQs clarify Section 536 transition rules for summons, searches, recovery, penalties, pending 12AB/80G approvals and LDC/NDC ...

July 8, 2026 63 Views 0 comment Print

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 180 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


194A: TDS on Interest other than Interest on securities

February 11, 2023 14409 Views 0 comment Print

Expert insight into Section 194A TDS on Interest other than Interest on securities from an Article. Learn about liability, exemptions, more

Proposed 66 tax amendments through Finance Bill (Budget) 2023 in India 

February 10, 2023 3642 Views 0 comment Print

Stay informed about the proposed 66 tax amendments in India through the Finance Bill (Budget) 2023. Explore changes in income tax, education cesses, surcharge rates, and amendments impacting taxable and tax-free incomes for individuals. Get a detailed breakdown of proposed amendments for various entities, from individuals and corporations to partnership firms, LLPs, and co-operative societies.

A glance of new insertion section 43B(h) – Payment to Micro or Small enterprise

February 9, 2023 38313 Views 0 comment Print

Explore the new Section 43B(h) inserted by Finance Bill 2023 in the Income Tax Act. Learn about timely payments to micro and small enterprises, consequences of non-compliance, and effective dates. Stay informed with key insights from this update.

Section 43B of Income Tax Act, 1961 read with Finance Act, 2023

February 9, 2023 51588 Views 1 comment Print

Explore Section 43B of Income Tax Act, 1961, amended by Finance Act 2023. Learn about deductible sums, due dates, and the latest inclusion for payments to micro and small enterprises.

Determining Full Value of Consideration in case of Slump Sale – Section 50B

February 9, 2023 2910 Views 0 comment Print

Understand how to determine the Full Value of Consideration in a Slump Sale under Section 50B of the Income Tax Act. Learn about methods and rules for calculating capital gains.

Overview of Section 80CCD of Income Tax Act 1961

February 8, 2023 7464 Views 0 comment Print

Section 80CCD of the Income Tax Act, 1961 deals with the Deduction for Investment in Pension Fund. The main objective of this Section is to provide tax benefits to an employee for making contributions towards provident or pension fund.

Clarity on Standard Deduction as proposed in Union Budget 2023

February 3, 2023 20241 Views 1 comment Print

Under the new Union Budget 2023, salaried taxpayers will now get the benefit of Standard Deduction of Rs.50000. Get clarity on this tax deduction proposed by Honorable Finance Minister Smt. Nirmala Sitharaman Ji now!

What A Common Man Should Know About Budget 2023

February 3, 2023 2325 Views 1 comment Print

BUdget 2023: Article explains consequences & implications of New Income Tax slabs and what are its direct effect on a common man.

Importance of Understanding Tax Laws and Regulations

February 3, 2023 2409 Views 0 comment Print

Understand the importance of tax laws & regulations to reduce your tax bill & avoid legal trouble. Get informed on deduction & credits to help manage your finances & investments.

GST, Income Tax, FCRA & Other Compliances of Charitable Entities

February 2, 2023 9204 Views 5 comments Print

3 essential compliances for charitable organizations: registration under Section 12AB, GST, & FCRA. Know your Income Tax requirements!

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