Legal Suvidha is a registered trademark. Unauthorized use of our brand name or logo is strictly prohibited. All rights to this trademark are protected under Indian intellectual property laws.
Legal Suvidha
Back to Updates
Income Tax 31 July 2026

Tax Updates 2026

The Income Tax Department can issue notices even after e-verification of tax returns. Taxpayers must accurately report capital gains from shares, mutual funds, and ETFs to avoid tax notices. The government may make tax exemptions for FIIs and FPIs permanent. The Public Examinations Amendment Bill has been introduced to prevent unfair means in exams.

Taxpayers can still receive notices from the Income Tax Department after e-verifying their tax returns if discrepancies are found.
To avoid tax notices, it is essential to accurately report capital gains from shares, mutual funds, and ETFs while filing the ITR for AY 2026-27.
* Report capital gains from shares, mutual funds, and ETFs correctly
* Ensure all tax payments are up to date
* Verify tax returns to avoid discrepancies
The government is considering making tax exemptions for Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) permanent.
The Public Examinations Amendment Bill has been introduced to prevent unfair means in exams and ensure the integrity of the examination process.

Need help understanding this update?

Connect with our domain experts instantly via WhatsApp for customized legal guidance.

Chat on WhatsApp

* May contain AI generated content. Please verify the required details.

Tax Updates 2026 | Legal Suvidha