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Over 1.7 Crore Taxpayers Filed ITRs for AY 2026-27
13 July 2026 at 09:36More than 1.7 crore taxpayers have already filed their ITRs for AY 2026-27, with over 10 lakh returns submitted in a single day. File your ITR-1 or ITR-2 before the July 31, 2026 deadline and avoid the last-minute rush.
CBIC Allows Extension Beyond 2-Year Limit Under Customs Notification 8/2016
13 July 2026 at 09:24CBIC Notification 28/2026-Customs empowers the Board to extend the two-year period prescribed under Notification 8/2016-Customs in cases where sufficient cause is shown.
CBDT Notifies TDS Exemption for Specified Payments to IFSC Units Under Income Tax Act 2025
11 July 2026 at 09:34CBDT notifies TDS exemption on specified payments made to eligible IFSC units under the Income Tax Act, 2025. The relief covers interest, commission, professional fees, dividends, and other notified incomes, effective from April 1, 2026.
ICAI Renews MRA with CPA Australia to Boost Global Mobility for Accountants
11 July 2026 at 09:30ICAI and CPA Australia have renewed their Mutual Recognition Agreement (MRA) for five years, enhancing global mobility, professional recognition, collaboration, and career opportunities for eligible members of both accounting bodies.
Income Tax Department Releases ITR-7 Excel Utility for AY 2026-27
11 July 2026 at 09:23Income Tax Department releases ITR-7 Excel Utility Version 1.0 for AY 2026-27. Eligible trusts, institutions, political parties, and entities can now prepare and file returns under Sections 139(4A), 139(4B), 139(4C), and 139(4D).
CBDT Authorises DGIT (Systems) to Upload Global Financial Information in AIS Under Income Tax Act, 2025
10 July 2026 at 09:29CBDT has authorised the Director General of Income-tax (Systems) to upload information received under the Automatic Exchange of Information (AEOI) framework into the AIS through Form No. 168 under the Income-tax Act, 2025.
ICAI Invites Public Comments on Revised Guidance Note for Tax Audit under Section 44AB of IT Act 1961
10 July 2026 at 09:17ICAI has released the Exposure Draft of the revised Guidance Note on Tax Audit under Section 44AB and invited public comments. Submit suggestions by July 25.
MCA Extends CCFS-2026 Deadline to 31st August 2026 Amid Data Centre Restoration
09 July 2026 at 09:34MCA has extended the Companies Compliance Facilitation Scheme (CCFS-2026) till 31st August 2026, providing companies with additional time to complete pending statutory filings.
ITR-5 Excel Utility for AY 2026-27 Released
09 July 2026 at 09:25The Income Tax Department has released the ITR-5 Excel Utility for AY 2026-27 on July 7, 2026. Eligible firms, LLPs, AOPs and other taxpayers can now download the utility, schema and validation files for return filing.
PFMS Users Can Now Authenticate Using PAN or Bank Account Under Revised Aadhaar Rules
08 July 2026 at 09:35Finance Ministry has revised the PFMS Aadhaar authentication notification, enabling verification through bank account or PAN-based OTP and extending coverage to both PFMS web and mobile applications.
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