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Introducing ITR forms for AY 2026-27, CBDT amended Income-tax Rules, 2026, w.e.f. 1st April
2026 as follows:
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ITR form 1 & 4. Key change includes amendment to rule 12, updating the reference year to
2026 & allowing reporting of income from up to 2 house properties instead of 1.
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Introducing ITR-V Form and ITR-Ack for AY 2026-27, CBDT amended Income-tax (Eighth Amendment) Rules, 2026, w.e.f. 1st April 2026.
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CBDT provides recognition “Chandigarh Building and Other Construction Workers Welfare Board’ (PAN: AAALC0595J), for tax exemption u/s 10(46) of the Income tax Act, 1961 subject to certain specified income.
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CBDT provides recognition to “Indian Rubber Materials Research Institute’ (PAN: AAAAT7089F), Thane, Maharashtra” as a recognized institution for ‘scientific research’ u/s 35(1)(iia) of the Act, 1961, from AY 2026-27 to AY 2030-31, subject to certain specific conditions.
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CBDT provides recognition to “Indian Institute of Technology’ (IIT) Bombay, (PAN: AAATI1446A)” as a recognized institution for ‘scientific research’ u/s 35(1)(iia) of the Act, 1961, from AY 2026-27 to AY 2030-31, subject to certain specific conditions.
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CBDT provides recognition “Karnataka Industrial Areas Development Board’ (PAN: AAATK1305J), for tax exemption u/s 10(46A)(b) of the Income tax Act, 1961.
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CBDT provides recognition to “Indian Institute of Technology’ (IIT), Bhilai (PAN: AABAI0415K)” as a recognized institution for ‘scientific research’ u/s 35(1)(iia) of the Act, 1961, from AY 2026-27 to AY 2030-31, subject to certain specific conditions.
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Goods And Services Tax |
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Rectification Required Before Filing Appeal in NIL Demand Cases Arising from SCN Payments
GSTN has highlighted an issue wherein taxpayers are unable to file appeals against demand orders reflecting a “NIL” amount on the GST portal, despite the existence of a dispute regarding tax liability. This situation generally arises where payments are made at the Show Cause Notice (SCN) stage without admission of liability, and the adjudicating authority subsequently treats such payments as full discharge without explicitly determining the liability. Due to the NIL demand reflected in the system, the portal restricts filing of appeals (Form APL-01). It is clarified that such payments do not constitute acceptance of liability, and taxpayers continue to have the right to appeal under Section 107 of the CGST Act, 2017. In such cases, taxpayers are advised to seek issuance of a rectification order from the adjudicating authority through the GST portal, enabling them to file an appeal within the prescribed timeline
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Revised Procedure for GST Registration Cancellation Applications
The Department of Trade & Taxes has issued a revised order governing the processing of GST registration cancellation applications, effective immediately and superseding earlier instructions. As per the updated framework, the Ward Officer is responsible for scrutinizing the application, undertaking due verification, and submitting a reasoned proposal to the Zonal In-charge. The approval mechanism is contingent upon the quantum of Input Tax Credit (ITC) involved cases exceeding ₹2.5 crore require prior approval from the Zonal In-charge, whereas cases up to ₹2.5 crore may be adjudicated by the Proper Officer at the ward level. Further, wherever applicable, a copy of such approval must be duly uploaded along with the final speaking order, ensuring procedural compliance and administrative transparency.
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