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Daily Cirulars, Notifications, Press Release for 03/30/2026 -

Daily Cirulars, Notifications, Press Release for 03/30/2026

TaxCorp Daily Digest for 03/29/2026 -

TaxCorp Daily Digest for 03/29/2026 1. Updated TDS Deduction Matrix Under Income Tax Act, 2025 for FY 2026-27 The Income Tax Act, 2025 introduces revised section codes (e.g., 393(1), 393(3), 394(1)) for TDS payments effective 01 April 2026. Rates and thresholds largely continue from prior law, but incorrect mapping to new codes expose...

TaxCorp Daily Digest for 03/28/2026 -

TaxCorp Daily Digest for 03/28/2026 The ITAT Indore quashed a Rs. 2,30,806 addition under Section 147 for AY 2012-13 where documentary evidence clearly established the penny stock transaction occurred in AY 2011-12. The Tribunal affirmed that the Revenue's power to probe suspicious transactions is bounded by the correct assessment yea...

Daily Cirulars, Notifications, Press Release for 03/28/2026 -

Daily Cirulars, Notifications, Press Release for 03/28/2026

TaxCorp Daily Digest for 03/27/2026 -

TaxCorp Daily Digest for 03/27/2026 1. Comprehensive Analysis of Lok Sabha Amendments to Finance Bill 2026: Reassessment Overhauls, Digital Safeguards, and Procedural Reforms

Daily Cirulars, Notifications, Press Release for 03/27/2026 -

Daily Cirulars, Notifications, Press Release for 03/27/2026

TaxCorp Daily Digest for 03/26/2026 -

TaxCorp Daily Digest for 03/26/2026 1. CBDT Notification No. 28/2026: Income Tax Exemption Under Section 10(46) for District Legal Services Authority, Karnal

Daily Cirulars, Notifications, Press Release for 03/26/2026 -

Daily Cirulars, Notifications, Press Release for 03/26/2026

TaxCorp Daily Digest for 03/25/2026 -

TaxCorp Daily Digest for 03/25/2026 1. CBDT Insight Instruction No. 90: High-Risk Non-Filer Identification and Action Framework for AY 2022-23 Under RMS Cycle 6

Daily Cirulars, Notifications, Press Release for 03/25/2026 -

Daily Cirulars, Notifications, Press Release for 03/25/2026

TaxCorp Daily Digest for 03/24/2026 -

TaxCorp Daily Digest for 03/24/2026 The Income Tax Rules, 2026, notified on March 20, 2026, represent the most comprehensive overhaul of India's tax administration rules since 1962. Key changes include enhanced HRA exemption (eight metro cities now recognised), children's education allowance revised from ₹100 to ₹3,000/month per c...

Daily Cirulars, Notifications, Press Release for 03/24/2026 -

Daily Cirulars, Notifications, Press Release for 03/24/2026