Recap of Latest updates posted on 05.08.2026
Guidance Note on Tax Audit u/s 44AB of the Income tax Act, 1961 (Revised 2026)
ICAI issued Guidance Note on Tax Audit u/s 44AB of the Income tax Act, 1961 (Revised 2026). It is 11th Edition. Authored by CA. Chandrashekhar Vasant Chitale.
Govt operationalises inventory-based cross-border e-commerce export framework
The government on Wednesday operationalised inventory-based e-commerce exclusively for exports, requiring interested firms to conduct business through a registered entity as an exporter-on-record (EOR), which can procure goods domestically only against confirmed overseas orders.
FAQs – The Taxation and Other Laws (Amendment) Bill, 2026
Income tax department issued FAQs on the Taxation and Other laws (Amendment) Bill, 2026
Common Offline Utility (ITR 6)
ITR -6 is for Companies other than companies claiming exemption under section 11
Notification no. 106/2026 dated 04.08.2026- Income tax
CBDT issued notification no. 106/2026 dated 04.08.2026 to provide exemption u/s 10(46) of the Income tax Act, 1961
Notification no. 107/2026 dated 04.08.2026- Income tax
CBDT issued notification no. 107/2026 dated 04.08.2026 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 by the Central Government in the Official Gazette for the purposes of that section;
Notification no. 108/2026 dated 04.08.2026- Income tax
CBDT issued notification no. 108/2026 dated 04.08.2026 to provide deduction under Section 11 of the Income-tax Act, 2025 (30 of 2025), the Central Government hereby
Notification no. 109/2026 dated 04.08.2026- Income tax
CBDT issued notification no. 109/2026 dated 04.08.2026 to provide exemption u/s 10(46) of the Income tax Act, 1961 on specified income of certain bodies or authorities or
Notification no. 110/2026 dated 04.08.2026- Income tax
CBDT issued notification no. 110/2026 dated 04.08.2026 to provide deduction u/s 11 of the Income-tax Act, 2025 (30 of 2025), to ‘Odisha Joint Entrance Examination Committee” ..
DGFT Trade Notice 15/2026-27 dt 05.08.2026
DGFT issued Trade Notice 15/2026-27 dated 05.08.2026 regarding Availability of License-wise Voluntary Duty Payment Details for processing of Export Obligation Discharge Certificate (EODC)
DGFT-Public Notice No. 25/2026-27 dated 05.08.2026
DGFT issued Public Notice No. 25/2026-27 dated 05.08.2026 regarding Operationalisation of the Inventory-based Cross-border E-Commerce Facilitation Framework under the Handbook of Procedures, 2023
DGFT-Public Notice No. 26/2026-27 dated 05.08.2026
DGFT issued Public Notice No. 26/2026-27 dated 05.08.2026 regarding Extension of Last Date for Submission of TRQ Applications under the India–United
DGFT Notif. 27/2026-27 dt 05.08.2026
DGFT issued Notification No. 27/2026-27 dated 05.08.2026 regarding Introduction of Inventory-based Cross-border E-Commerce Export Framework under FTP
DGFT Notif. 28/2026-27 dt 05.08.2026
DGFT issued Notification No. 28/2026-27 dated 05.08.2026 regarding Streamlining of Halal Certification Process for Meat and Meat Products
CBDT’s Nudge campaign results in 1.25 crore updated ITRs, ₹9,494 crore additional tax payment
The income tax department’s NUDGE campaign has resulted in 1.25 crore taxpayers filing updated or revised ITRs with payment of ₹9,494 crore in additional taxes over the past 2 years, Minister of State for Finance Pankaj Chaudhary said on Monday.
Disputed tax demand down ₹16,690 cr since hike in monetary limit for filing appeals, LS told
The increase in monetary thresholds for filing tax dispute appeals at ITAT, high courts, and the Supreme Court has led to about ₹16,690 crore reduction in disputed tax demand, Parliament was informed on Monday.
Reduced 5% GST sought on Battery Energy storage system in containers
Renewable energy developers have urged the government to reduce the goods and services (GST) tax on standalone utility-scale or containerised battery energy storage systems (BESS) to 5 per cent
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