Recap of Latest updates posted on 25.07.2026
New TDS TCS Forms w.e.f 01.04.2026
As per Income tax Act, 2025 New Forms as against older form are as follows –
Form No. 130_131_132_133 (Earlier Form No. 16/16A/16B/16C/16D/16E/27D)
TDS/TCS certificates under section 395(4) of the Income-tax Act, 2025 in Form Nos. 130_131_132_133
FM asks CBDT to explore ways to clear backlog of pending tax appeals
FM asked CBDT to further explore ways to pace up their scale and review the strategy for disposing of pending tax appeals, warning that it could take “a century” to clear the backlog of pending 5.4 lakh appeals.
Notification no. 95/2026 dated 23.07.2026- Income tax
CBDT issued notification no. 95/2026 dated 23.07.2026 to provide exemption u/s 10 (46) of the Income-tax Act, 1961 (43 of 1961) on specified income of certain bodies or authorities or Boards or Trusts or Commissions as may be notified by the Central Government ..
Notification no. 96/2026 dated 23.07.2026- Income tax
CBDT issued notification no. 96/2026 dated 23.07.2026 to provide deduction u/s 11 of the Income-tax Act, 2025 (30 of 2025) to ‘Kerala Headload Workers Welfare Board, Kochi’, a Board constituted by the State Government of Kerala, in respect of …
Notification no. 97/2026 dated 24.07.2026- Income tax
CBDT issued notification no. 97/2026 dated 24.07.2026 to hereby make following further amendment in the Income tax Rules, 2026, namely –
India has laid the foundation for a prudent tax administration
Taxation is not a new concept to India. Historical records from ancient India, including Kautilya’s Arthashastra, reveal sophisticated systems of taxation that recognised the central role of public revenue in governance.
Commencing of Hearing of Cases before GSTAT, Mumbai Bench w.e.f. 27.07.26
GST Appellate Tribunal, Mumbai Bench issued Public Notice No. 04/2026 dated 24.07.2026 on Commencement of Hearing of Cases before GSTAT Mumbai Bench with effect from 27.07.2026.
Show Cause Notice (SCNs) under GST with Draft replies & Judicial precedents)
Author: CA. Shruti Singhal | Publisher: Bharat Law House | Edition: 1st edn., 2026
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