Tax Intelligence Hub

Income Tax & GST Updates

CBDT circulars, court rulings, amendments & compliance reminders β€” explained in simple language by CA experts.

All (565) Income Tax (387) GST (100) Tax News (32) SEBI (18) ICAI / Audit (14) International Tax (6) RBI / FEMA (5) Company Law (2) Business (1)
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GST

GST Reimbursement Claim 2026: Proof of Incremental Tax Required

A recent Karnataka High Court judgment has set an important precedent for GST reimbursement claims in 2026. Contractors and businesses must now provide documentary proof of incremental GST payments, making GST authority certification alone insufficient for reimbursement claims.

05 Jul 2026 Β· 6 min read
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GST

Differential GST Works Contracts 2026: State Reimbursement Karnataka HC Ruling

In a significant July 2026 ruling, Karnataka High Court has directed the State to determine and reimburse differential GST arising from GST implementation on works contracts. This landmark decision clarifies the State's liability for GST cost increase on pre-GST contractual obligations.

05 Jul 2026 Β· 6 min read
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Income Tax

NRI Selling Property in India: Tax, TDS & How to Avoid Over-Deduction (2026)

When an NRI sells property in India, the buyer must deduct TDS on the sale value β€” often far more than the actual tax. Here is how the tax really works and how to stop the over-deduction.

03 Jul 2026 Β· 10 min read
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Income Tax

How to Reply to a Section 143(2) Scrutiny Notice (2026)

A Section 143(2) notice means your return has been picked for scrutiny. Here is the time limit, what limited vs complete scrutiny means, and exactly how to reply under the faceless system.

03 Jul 2026 Β· 8 min read
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Income Tax

Section 148 Reassessment Notice: The Complete 2026 Defence Guide

A Section 148 notice reopens a past assessment year. Here is exactly how the 148A procedure works in 2026, the reopening time limits, and the grounds on which an invalid notice can be quashed.

03 Jul 2026 Β· 11 min read
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Business

BuySellPrivateLimited.com β€” India's Trusted Platform for Buying & Selling Private Limited Companies

Looking to buy or sell a private limited company in India? BuySellPrivateLimited.com is the dedicated marketplace for structured M&A transactions involving registered Indian companies.

28 Jun 2026 Β· 10 min read
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Income Tax

Income Tax e-Proceedings 2026: Online Notice Response Guide

Income Tax Department has made it easier for taxpayers to handle tax notices through e-Proceedings on the e-Filing portal (June 2026 update). This digital system allows you to view and respond to notices electronically without visiting tax offices.

28 Jun 2026 Β· 6 min read
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Income Tax

Section 80C Tax Deduction 2026: Post Office Schemes Qualifying List

Post Office small savings schemes remain popular for tax-saving investments in 2026. This recent update clarifies which schemes qualify for Section 80C deduction and helps you plan your AY 2026-27 tax strategy.

28 Jun 2026 Β· 6 min read
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Income Tax

ITAT Ruling 2026: Section 263 Revision Invalid on Unclaimed Deductions

In a recent June 2026 ITAT ruling, the tribunal held that a PCIT cannot initiate revision under Section 263 for alleged illegal commission expenditure when the taxpayer never actually claimed such deduction in their return. This is critical protection for taxpayers facing unfounded assessment actions.

28 Jun 2026 Β· 6 min read
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Income Tax

ITAT Deletes Capital Gain: Revenue Must Prove Ownership 2026

In a major win for taxpayers, ITAT has ruled that the Revenue cannot add capital gains if it fails to prove actual ownership of the property. This June 2026 judgment clarifies crucial documentation requirements under Income Tax Act 2025.

28 Jun 2026 Β· 6 min read
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Income Tax

Income Tax Practitioner Registration 2026: One-Year Practice Rule Explained

The Madras High Court has clarified that the one-year practice requirement under Rule 257 is only for formal registration as an Income Tax Practitioner, not a bar to representation rights under Section 515 of the Income Tax Act 2025. This recent June 2026 judgment is crucial for aspiring tax professionals.

28 Jun 2026 Β· 6 min read
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GST

GST Registration Cancellation 2026: High Court Rules Reasoned Order Mandatory

In a significant June 2026 ruling, High Courts have declared that GST registration cancellation requires proper reasoned orders, not mechanical checkbox-style decisions. This protects taxpayers from arbitrary cancellations and mandates procedural compliance by tax authorities.

28 Jun 2026 Β· 7 min read
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