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WEEKLY TAX UPDATES

Dear Reader,
Greetings for the day!!!
We are pleased to share the recent Tax notification and circulars.

Direct Tax
S.no Description
1
Parliament Passes Taxation and Other Laws (Amendment) Bill, 2026
 
FAQs
2
Income Tax Dept Releases ITR-5 Online and Offline Utility for AY 2026-27
 
FAQs
3
Income Tax Dept Releases ITR-6 Excel Utility for AY 2026-27
 
FAQs
4
CBDT exempts specified income u/s 10(46) of ITA, 61 arising to Haryana State Board of Technical Education, Panchkula subject to prescribed conditions.
 
Notification-103-2026_dtd_03.08.26
5
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.
 
Notification-104-2026_dtd_03.08.26
 
Notification-105-2026_dtd_03.08.26
6
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.
 
Notification-106-2026_dtd_04.08.26
 
Notification-107-2026_dtd_04.08.26
 
Notification-108-2026_dtd_04.08.26
7
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
 
Notification-109-2026_dtd_04.08.26
 
Notification-110-2026_dtd_04.08.26
8
CBDT approves Center for Incubation Innovation Research and Consultancy, Bengaluru for “Scientific Research” Company
 
Notification-07-2026_dtd_06.08.26
9
Cloud Services Not Taxable as Royalty under India-US DTAA – SLP Dismissed
 
CIT v. Amazon Web Services Inc. (SC)
10
Direct tax collections for FY 2026-27 grow 23.09% YoY to ₹8.11 lakh crore on net basis.
 
Direct-tax-collections-as-on-10.08.2026
11
Online Utility of ITR-7 for AY 2026-27 now available for filing.
 
Income Tax Portal
12
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.
 
Notification-112-2026_dtd_11.08.26
 
Notification-113-2026_dtd_11.08.26
13
CBDT approves Sir Ganga Ram Trust Society, Delhi for “Scientific Research” under the category of university, college or other institution
 
Notification-111-2026_dtd_10.08.26
 
We trust you will find this Journal informative as well as useful.
For any queries, you can write to us at info@akgvg.com.

Disclaimer: This insight is meant for informational purposes only and should not be considered as advice or opinion.

Best Regards!
Knowledge Updates Team
AKGVG & Associates (Chartered Accountants)

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