News

The government has proposed to offer TDS exemption towards the interest on the compensation amount awarded by the Motor Accidents Claims Tribunal to an individual.

Budget 2026: Tax Exemption on Interest from Motor Accident Compensation 

The government has simplified the process of obtaining nil or lower TDS certificates by introducing an online application system effective from April 1, 2026.

Big Relief! Govt Proposes New Electronic Option to Apply for Nil or Lower TDS Certificates; Effective April 2026

Notifications

The Centre has temporarily exempted SBI and Bank of Baroda from Section 19(2) of the Banking Regulation Act 1949

Centre Grants Temporary Exemption to SBI and Bank of Baroda Under Banking Regulation Act

Judgement

CPC’s denial of Sections 11–12 benefit at processing stage quashed; delay in filing Form 10B held curable

Late Form 10B Can’t Block Charity Exemption When Audit Report Was Already on Record: ITAT

Section 75(7) enforced strictly: interest can’t be imposed without prior quantification in SCN

GST Demand Collapses as Allahabad High Court Bars Interest Beyond Show Cause Notice

CBDT approves Rajalakshmi University Trust, Chennai for tax benefits on scientific research under Section 35 of the Income Tax Act

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Budget 2026: Tax Exemption on Interest from Motor Accident Compensation

Big Relief! Govt Proposes New Electronic Option to Apply for Nil or Lower TDS Certificates; Effective April 2026

Centre Grants Temporary Exemption to SBI and Bank of Baroda Under Banking Regulation Act

Late Form 10B Can’t Block Charity Exemption When Audit Report Was Already on Record: ITAT

GST Demand Collapses as Allahabad High Court Bars Interest Beyond Show Cause Notice

CBDT Approves Rajalakshmi University Trust for Scientific Research Under Section 35