by Jagdeep Garhwal | Aug 29, 2026 | Income Tax
The Income Tax Department has rolled out both offline and online utilities for ITR-6 and ITR-7. These tools support Assessment Year (AY) 2026-27 filings. Companies and specific institutions can now begin preparing their returns. This update matters for thousands of...
by Jagdeep Garhwal | Aug 28, 2026 | Income Tax
The Punjab and Haryana High Court has refused to grant capital gains exemption to a taxpayer. The reason is simple. He purchased his new house solely in his wife’s name. This ruling carries weight for many families. Property purchases in a spouse’s name...
by Jagdeep Garhwal | Aug 27, 2026 | Income Tax
A Big Relief for the Middle Class Millions of Indian taxpayers now enjoy a welcome benefit. Under the new tax regime, income up to Rs. 12 lakh attracts zero tax. This change came through an enhanced rebate under Section 87A. Consequently, many salaried individuals and...
by Jagdeep Garhwal | Aug 27, 2026 | GST
A Major Relief for GST Taxpayers The Supreme Court recently delivered an important ruling on GST notices. It quashed a show cause notice (SCN) issued under Section 74 of the CGST Act. The notice had alleged fraud, but it offered no supporting details. This decision...
by Jagdeep Garhwal | Aug 26, 2026 | Company Law
The Ministry of Corporate Affairs (MCA) has issued a fresh update to India’s accounting rulebook. On 12th August 2026, the government notified the Companies (Indian Accounting Standards) Amendment Rules, 2026. This notification carries the reference G.S.R....
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