Recap of Latest updates posted on 04.08.2026
Notification no. 103/2026 dated 03.08.2026- Income tax
CBDT issued notification no. 103/2026 dated 03.08.2026 to provide exemption u/s 10 (46) of the Income-tax Act, 1961 on specified income of certain bodies or authorities or Boards or Trusts or Commissions as may be notified..
Notification no. 104/2026 dated 03.08.2026- Income tax
CBDT issued notification no. 104/2026 dated 03.08.2026 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 in the Official Gazette for the purposes of that section;
Notification no. 105/2026 dated 03.08.2026- Income tax
CBDT issued notification no. 105/2026 dated 03.08.2026 to provide deduction u/s section 11 of the Income-tax Act, 2025 (30 of 2025), to the ‘District Legal Services Authority, Charkhi Dadri’ , an Authority constituted by the State Government of Haryana
Instruction No. 01/2026-GST dated 03.08.2026.
CBIC issued Instruction no. 01/2026-GST dated 03.08.2026 regarding Coordination with State Mining Authorities for sharing information relating to illegal mining and transportation of minerals.
Telangana records highest-ever monthly commercial tax revenue, collects ₹7,865 crore in July26
The State government recorded its highest-ever monthly commercial tax collections in July 2026, with the Commercial Taxes Department mobilising ₹7,865 crore through Goods and Services Tax (GST), Value Added Tax (VAT) and Professional Tax, registering a 19% increase over the ₹6,624 crore collected in the corresponding month last year.
Gujarat GST collections jump 26% to Rs. 8,418 crore in July, outpace national growth
Gujarat recorded a robust 26% year-on-year rise in GST collections in July 2026, with revenues reaching Rs. 8,418 crore compared to Rs. 6,678/- crore in the same month last year, according to figures released by the state govt on Saturday.
The Gujarat High Court has quashed a reassessment notice issued by the Income Tax Department in a long-running capital gains dispute, ruling that the wider powers
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