Notifications

The Income-tax (Amendment) Ordinance, 2026 exempts specified foreign investors, including FIIs and the BIS, from tax on interest and capital gains from Government securities.

Government notifies exemption for FIIs on interest on Government Securities [Read Notification]

News

MCA's online services were temporarily disrupted following a fire alarm at its data centre, with restoration efforts underway and full services expected to resume by noon.

MCA Online Services Disrupted After Fire Alarm at Data Centre

Judgement

The ITAT Delhi held that payments made to tenants for vacating a property to facilitate its sale are deductible while computing capital gains and directed the tax authorities to recompute the taxpayer’s liability.

ITAT Allows Deduction of Tenant Eviction Payments, Directs Recalculation of Capital Gains on Property Sale

Tribunal quashes reassessments and deletes penny stock additions citing lack of independent inquiry.

ITAT Rejects Penny Stock Additions for Lack of Tangible Evidence

ITAT upheld the Rs 1.59 lakh notional rent addition on a vacant Hyderabad flat and dismissed the assessee’s appeal.

ITAT Delhi Upholds Tax on Notional Rent from Vacant Flat: Dismisses Assessee’s Appeal

Articles

A comprehensive guide to ITR-2 filing covering eligibility, latest AY 2026-27 updates, capital gains reporting, foreign asset disclosures, and common mistakes taxpayers should avoid.

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Government notifies exemption for FIIs on interest on Government Securities [Read Notification]

MCA Online Services Disrupted After Fire Alarm at Data Centre

ITAT Allows Deduction of Tenant Eviction Payments, Directs Recalculation of Capital Gains on Property Sale

ITAT Rejects Penny Stock Additions for Lack of Tangible Evidence

ITAT Delhi Upholds Tax on Notional Rent from Vacant Flat: Dismisses Assessee’s Appeal

Decoding ITR-2: A Practical Handbook for Taxpayers