Latest update 11.07.2026

Recap of Latest updates posted on 10.07.2026

Exposure Draft – ‘Guidance Note on Tax Audit under section 44AB of the Income-tax Act,1961’ for Public Comments

Guidance Note on Tax Audit under section 44AB of the Income-tax Act,1961′ for Public Comments

DGFT-Public Notice No. 19/2026-27 dated 09.07.2026

DGFT issued Public Notice No. 19/2026-27 dated 09.07.2026 regarding Amendments under Para 2.92 and Appendix -2A of Handbook of Procedure 2023 ..

EPFO update: 10 key changes new centralised system brings to EPF, EPS subscribers

Under the Centralised IT Enabled Services (CITES) project, the Employees’ Provident Fund Organisation (EPFO)

Section 234B interest on updated ITRs: CPC’s computation logic appears contrary to law

The concept of an updated return was introduced to give taxpayers additional time to correct or update their income tax returns.

Have foreign income or assets? AIS to soon show foreign assets and income details shared by foreign countries

Foreign bank account, foreign income and other foreign investment details shared with India by foreign countries can soon become visible in your Annual Information Statements (AIS), thanks to a new order by CBDT.

Cancellation of GST Registration valid where ITC is based on fabricated documents and absence of proof of movement of goods

The Hon’ble Madras High Court in the case of Tvl. Sri Balajee Udyog vs The Assistant Commissioner (ST) & Ors. [Writ Appeal No.553 of 2026, order dated April 20, 2026] held that cancellation of GST registration under Section 29(2)(a) is valid where the assessee fails

Tax Books

Books on GST, Income tax, Legal and other topic

AWC 2026

Register till 15.07.2026 for participating in the Article Writing Competition 2026. Submit your article by 31st July, 2026.