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165 Legal Compliances and Legal Updates for June-2026 in India

CA, CS, CMA : This update compiles key statutory deadlines across multiple laws for June 2026. It highlights filing requirements under income ta...

June 8, 2026 53913 Views 2 comments Print

Analysis of Notifications and Circulars for Week Ending 24th May 2026

CA, CS, CMA : The weekly roundup covers important Supreme Court rulings, GST advisories, RBI amendments, SEBI consultation papers, and insolvenc...

May 25, 2026 3336 Views 0 comment Print

Income Tax Act 2025: SFT Reporting, PAN Rules, Faceless Assessments & Revision Powers

Income Tax : The Income Tax Act 2025 introduces mandatory reporting of high-value gifted immovable properties exceeding ₹45 lakh. The amendme...

May 25, 2026 1515 Views 0 comment Print

Analysis of Notifications & Circulars for Week Ending 17th May 2026

CA, CS, CMA : The article summarizes important notifications, circulars, judicial rulings, and regulatory changes issued between 11–17 May 202...

May 18, 2026 3273 Views 0 comment Print

Reassessment Quashed as Section 148 Approval Was Taken from Wrong Authority

Income Tax : The Bombay High Court held that reopening for AY 2016–17 becomes invalid when sanction is obtained from an authority not prescri...

May 13, 2026 2229 Views 0 comment Print


Latest News


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 2043 Views 0 comment Print

No Corporate Tax Written Off by Government (FY 2019-20 to FY 2024-25)

Income Tax : The government responds to queries on corporate tax, including notices, prosecutions, and collections over the past five years....

December 11, 2024 1248 Views 0 comment Print

Budget Memorandum 2024 & suggested Amendments to Income-tax Act 1961

Income Tax : Explore the Malad Chamber of Tax Consultants' 2024 Pre-Budget Memorandum proposing crucial amendments to the Income Tax Act, 1961,...

June 20, 2024 4284 Views 0 comment Print

Live Webinar on Section 43B(h) of Income Tax Act, 1961- MSE Payment

Income Tax : Live Webinar on Section-43B(h) of Income Tax Act, 1961 read with Section-2, 7-8, 15-16-17 of MSMED Act 2006 on 03-03-2024- SundayÂ...

February 26, 2024 10764 Views 0 comment Print

Join Live webinar on Taxation Critical Issues & Solution

Income Tax : Live webinar – Taxation Critical Issues & Solution Did you know our Indian Tax System is extremely vulnerable? Let me te...

February 15, 2024 2964 Views 0 comment Print


Latest Judiciary


Calcutta HC Directs Advance Ruling Board to Expedite Joint Venture Tax Ruling Ahead of Revised ITR Deadline

Income Tax : The court directed the Board of Advance Rulings to expedite the disposal of a pending application under Section 245Q, ensuring tim...

December 16, 2025 510 Views 0 comment Print

Delay in Form 10-B Filing Conditionally Allowed Due to Treasurer’s Age & Pandemic

Income Tax : The High Court allowed a religious society to submit delayed audit documents, citing the treasurer’s age and Covid-19 as valid r...

December 13, 2025 477 Views 0 comment Print

Kerala HC Stays Income Tax Recovery Proceedings Pending Appellate Review

Income Tax : The Kerala High Court has temporarily halted income tax recovery proceedings against Palode Service Co-Operative Bank Ltd a Primar...

October 18, 2025 462 Views 0 comment Print

Revenue Cannot Adjust AMP Expenses Without Tangible Evidence: Delhi HC

Income Tax : The Delhi High Court dismissed the Revenue's appeals in CIT-1 v. Casio India Co. Pvt. Ltd. for AY 2012-13 and 2013-14, affirming t...

October 17, 2025 684 Views 0 comment Print

ITAT Deletes ₹15 Crore Section 68 Cash Credit Addition on Old Car Sales Proceed

Income Tax : The Tribunal found the addition uncalled for. cash deposits from the sale of old vehicles, accepted as genuine sales by the AO, ca...

October 17, 2025 834 Views 0 comment Print


Latest Notifications


CBDT notifies Jhansi Development Authority Income Tax Exemption

Income Tax : CBDT Notification 150/2025 grants income tax exemption to the Jhansi Development Authority under Section 10(46A), effective from A...

October 8, 2025 507 Views 0 comment Print

CBDT notifies Income Tax Exemption to Parambikulam Tiger Conservation Foundation

Income Tax : The Central Board of Direct Taxes has granted income tax exemption to the Parambikulam Tiger Conservation Foundation on specific i...

August 12, 2025 585 Views 0 comment Print

Mysore Palace Board Income Tax Exemption Notification – Section 10(46)

Income Tax : CBDT notification details income tax exemption for Mysore Palace Board. Covers income from palace, fees, rent from government agen...

April 24, 2025 1044 Views 0 comment Print

Income Tax Exemption for West Bengal Transport Workers Social Security Scheme

Income Tax : West Bengal Transport Workers' Social Security Scheme receives tax exemption for specified income under Income-tax Act for AY 2021...

August 12, 2024 501 Views 0 comment Print

AIMCo India Infrastructure Pension Fund Exemption Details

Income Tax : Read about the latest income tax notification specifying AIMCo India Infrastructure Pension Fund for tax exemption under section 1...

July 19, 2024 1266 Views 0 comment Print


Latest Posts in income tax

165 Legal Compliances and Legal Updates for June-2026 in India

June 8, 2026 53913 Views 2 comments Print

This update compiles key statutory deadlines across multiple laws for June 2026. It highlights filing requirements under income tax, GST, FEMA, and company law. The takeaway is a complete roadmap for timely compliance.

Analysis of Notifications and Circulars for Week Ending 24th May 2026

May 25, 2026 3336 Views 0 comment Print

The weekly roundup covers important Supreme Court rulings, GST advisories, RBI amendments, SEBI consultation papers, and insolvency law developments. The key takeaway is the growing focus on digital compliance and regulatory oversight across sectors.

Income Tax Act 2025: SFT Reporting, PAN Rules, Faceless Assessments & Revision Powers

May 25, 2026 1515 Views 0 comment Print

The Income Tax Act 2025 introduces mandatory reporting of high-value gifted immovable properties exceeding ₹45 lakh. The amendment significantly expands the SFT framework and increases scrutiny of property transactions without consideration.

Analysis of Notifications & Circulars for Week Ending 17th May 2026

May 18, 2026 3273 Views 0 comment Print

The article summarizes important notifications, circulars, judicial rulings, and regulatory changes issued between 11–17 May 2026. It covers major developments across Income Tax, GST, Customs, DGFT, SEBI, RBI, and IBBI.

Reassessment Quashed as Section 148 Approval Was Taken from Wrong Authority

May 13, 2026 2229 Views 0 comment Print

The Bombay High Court held that reopening for AY 2016–17 becomes invalid when sanction is obtained from an authority not prescribed under Section 151(2). The Supreme Court affirmed the ruling by dismissing the Revenue’s SLP on delay and merits.

Analysis of Notifications & Circulars for Week Ending 10th May 2026

May 11, 2026 3273 Views 0 comment Print

The week witnessed important rulings on benami transactions, GST natural justice violations, and misuse of insolvency proceedings. SEBI and RBI also introduced significant regulatory and compliance reforms.

Income From House Property under Income Tax Act 2025

May 9, 2026 1788 Views 0 comment Print

A comprehensive guide explaining taxation of house property income, annual value computation, deemed ownership, and deductions under the Income Tax Act, 2025. Covers practical examples and key compliance requirements for taxpayers.

Analysis of Notifications and Circulars for Week Ending 26th April 2026

April 27, 2026 3120 Views 0 comment Print

Major rulings and notifications clarified tax treatment, compliance timelines, and financial regulations. The updates emphasize efficiency and stricter regulatory oversight.

Interest and Fees under Income-tax Act, 1961

April 9, 2026 420 Views 0 comment Print

The law imposes automatic interest for delays in filing returns and paying taxes. It ensures timely compliance through mandatory financial charges.

April 2026 Due Date Calendar for Tax & Compliance

April 1, 2026 17733 Views 0 comment Print

The document outlines key statutory deadlines for April 2026 across multiple laws. It consolidates GST, income tax, and corporate compliance requirements into a single schedule. The takeaway is that timely adherence is essential to avoid penalties.

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