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Dear Reader,
Greetings for the day!!!
We are pleased to share the recent Tax notification and circulars.
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Direct Tax
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Parliament Passes Taxation and Other Laws (Amendment) Bill, 2026
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Income Tax Dept Releases ITR-5 Online and Offline Utility for AY 2026-27
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Income Tax Dept Releases ITR-6 Excel Utility for AY 2026-27
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CBDT exempts specified income u/s 10(46) of ITA, 61 arising to Haryana State Board of Technical Education, Panchkula subject to prescribed conditions.
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CBDT exempts specified income u/s 10(46) of ITA, 61 (sec 11 of ITA, 25) arising to District Legal Services Authority, Charkhi Dadri subject to prescribed conditions.
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CBDT exempts specified income u/s 10(46) of ITA, 61 (sec 11 of ITA, 25) arising to Noida Special Economic Zone Authority, subject to prescribed conditions.
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CBDT exempts specified income u/s 10(46) of ITA, 61 (sec 11 of ITA, 25) arising to Odisha Joint Entrance Examination Committee, subject to prescribed conditions
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CBDT approves Center for Incubation Innovation Research and Consultancy, Bengaluru for “Scientific Research” Company
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Cloud Services Not Taxable as Royalty under India-US DTAA – SLP Dismissed
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Direct tax collections for FY 2026-27 grow 23.09% YoY to ₹8.11 lakh crore on net basis.
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Online Utility of ITR-7 for AY 2026-27 now available for filing.
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CBDT exempts specified income u/s 10(46) of ITA, 61 (sec 11 of ITA, 25) arising to District Legal Service Authority, Panchkula subject to prescribed conditions.
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CBDT approves Sir Ganga Ram Trust Society, Delhi for “Scientific Research” under the category of university, college or other institution
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