Rajya Sabha: Section 43B(h) Strengthens Payment Discipline and Liquidity for Micro and Small Enterprises
In the Rajya Sabha, the Minister of State for Micro, Small and Medium Enterprises, Sushri Shobha Karandlaje, on 20 July […]
Income Tax Important Update
Rajya Sabha: Section 43B(h) Enforces 45-Day Payment Timeline to Micro and Small Enterprises
In the Rajya Sabha, the Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary, on 21 July 2026,
Rajya Sabha: No Proposal Under Consideration to Scrap LTCG Tax on Equity and Mutual Funds
In the Rajya Sabha, the Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary, on 21 July 2026,
Lok Sabha: LTCG Tax Revenue from Equity Transactions Rises to ₹1.29 Lakh Crore in FY 2024–25
In the Lok Sabha, the Minister of State for Finance, Shri Pankaj Chaudhary, on 20 July 2026, informed that revenue
Income Tax Department Issues User Guide for Accessing Foreign Assets Information on Compliance Portal; New functionality enables eligible taxpayers to securely view foreign financial information received from overseas jurisdictions
The Directorate of Income Tax (Systems) has issued Version 1.0 of the “Foreign Assets Information User Guide – July 2026”
Exposure Draft – ‘Guidance Note on Tax Audit under section 44AB of the Income-tax Act, 1961’ for Public Comments
In August, 2023, the Direct Taxes Committee (DTC) of ICAI had come out with a Revised Edition of “Guidance Note
Income Tax e-Filing Portal Displays Form 26AS under Income Tax Act, 1961 and Form 168 under Income Tax Act, 2025; Taxpayers advised selecting the applicable form carefully based on the relevant law and tax period
The Income Tax e-Filing portal now displays separate options for “View Form 26AS, Income Tax Act 1961” and “View Form
ICMAI releases “Income Tax Ready Reckoner” for Tax Year 2026–27 to support professionals, taxpayers and businesses
The Institute of Cost Accountants of India, through its Tax Research Department under the initiative of the Direct Taxation Committee,
Important Income Tax Due Dates in July 2026: Don’t Miss These Deadlines
Key July 2026 due dates include deposit of Securities Transaction Tax and Commodities Transaction Tax collected for June 2026 by
CBDT Releases ITR-3 Utility, JSON Schema and Validation Rules for Assessment Year 2026-27
The Central Board of Direct Taxes (CBDT) on June 18, 2026 has released the ITR-3 Excel Utility (Version 1.0), along
