Articles

The updates to capital gains tax in the Income Tax Act, 2025, outline easier rules, a standard LTCG rate of 12.5%, fewer indexation benefits, and new ways to handle various assets.

Overview of New Capital Gains Tax Structure under Income Tax Act, 2025

Notifications

The CBDT issued a corrigendum, correcting errors in its March 30, 2026 notification by amending Schedule I, CG, and OS formats.

CBDT Issues Corrigendum to Notification of Income tax return Form 7

In FY 2026-27, it’s important to keep track of all income tax deadlines so you can file your returns on time and avoid any penalties or unnecessary trouble.

Income Tax Calendar for FY 2026-27: Key Deadlines Every Taxpayer Should Know 

Judgement

The ITAT quashed a Rs 18.94 lakh penalty, holding that vague and non-specific penalty notices violate principles of natural justice and cannot be sustained in law.

ITAT deletes penalty in fake Income Tax deduction case for Defective Penalty Notice

The ROC Uttarakhand imposed a Rs 20,000 penalty on a company and its director for a one-day delay in the public to private limited conversion filing.

Section 450 Violation: ROC Fines Company and Director Over Conversion Filing Delay

The AAR refused to rule on the GST exemption query for manpower services, as the matter was already pending before the appellate authority under the CGST Act.

GST Exemption Denied: AAR Declines Ruling on Manpower Services Due to Pending Appellate Proceedings

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