The News Flash

Subject Matter	Regulatory Domain	Download
Exemption under Section 54F to be Allowed Before Set‑off; Carry‑Forward of Capital Loss Permissible May 04, 2026	Direct Tax
Penalty Imposed u/s 270A quashed, rules that penalty proceedings cannot be sustained if the notice is vague and fails to differentiate between under-reporting and misreporting of income. May 01, 2026	Direct Tax
Honorable Delhi High Court Rules that Buy-back of Own Shares is a Capital Reduction and Not Acquisition of Property; Section 56(2)(x) Not Applicable April 30, 2026	Direct Tax
TDS/TCS Rate Chart for F.Y. 2026-27 onwards April 23, 2026	Direct Tax
HC order quashing rejection of Section 12AB approvals over irrevocability clause April 21, 2026	Direct Tax
CBDT Issues Fresh DIN Circular, Withdraws 2019 Guidelines April 01, 2026	Direct Tax
CBDT Guidelines on UIN and Form 121 Compliance March 31, 2026	Direct Tax
Extension of timeline for issuance of TDS Certificate for the quarter ending 31.12.2025 March 27, 2026	Direct Tax
Lok Sabha passes Finance Bill, 2026 with amendments March 26, 2026	Direct Tax
CBDT issues Form wise FAQs & Guidance notes for new Income tax Rules, 2026 March 23, 2026	Direct Tax
Supreme Court Rules Against Tiger Global in Flipkart Exit Case January 17, 2026	Direct Tax