Tax Updates - Daily Update https://www.taxtmi.com One stop solution for Direct Taxes and Indirect Taxes and Corporate Laws in India Business/Tax/Law/GST/India/Taxation/Policies/Legal/Corporate Tax/Personal Tax/Vat Law/Legal Information/Tax Information/Legal Services/Tax Services TaxTMI.Com / MS Knowledge Processing Pvt. Ltd. All rights reserved. Sun, 19 Jul 2026 21:36:39 +0530 en-us webmaster@taxtmi.com editor@taxtmi.com 60 Deduction at source and advance payment - (New) Section 390 / (Old) Section 190 https://www.taxtmi.com/manuals?id=8005 https://www.taxtmi.com/manuals?id=8005 Sun, 19 Jul 2026 21:36:39 +0530 Income Tax Manuals TaxLaws TaxTMI Deemed Accrual of Income Based on Beneficial Interest in Securities - (New) Section 175(3) / (Old) Section 94(2) https://www.taxtmi.com/manuals?id=8003 https://www.taxtmi.com/manuals?id=8003 Sun, 19 Jul 2026 21:36:39 +0530 Income Tax Manuals TaxLaws TaxTMI Deduction in respect of contributions given by any person to political parties or electoral trust - (New) Section 137 / (old) Section 80GGC https://www.taxtmi.com/manuals?id=8002 https://www.taxtmi.com/manuals?id=8002 Sun, 19 Jul 2026 21:36:39 +0530 Income Tax Manuals TaxLaws TaxTMI Deductions to be Made in Computing Total Income - (New) Section 122(1) to (4) and (6) to (8) / (Old) Section 80A https://www.taxtmi.com/manuals?id=8001 https://www.taxtmi.com/manuals?id=8001 Sun, 19 Jul 2026 21:36:39 +0530 Income Tax Manuals TaxLaws TaxTMI Disallowance of Certain Expenses and Payments - (New) Section 94 / (Old) Section 58 https://www.taxtmi.com/manuals?id=8000 https://www.taxtmi.com/manuals?id=8000 Sun, 19 Jul 2026 21:36:39 +0530 Income Tax Manuals TaxLaws TaxTMI Income from Machinery, Plant or Furniture let on Hire - (New) Section 92(2)(f) / (Old) Section 56(2)(ii) https://www.taxtmi.com/manuals?id=7998 https://www.taxtmi.com/manuals?id=7998 Sun, 19 Jul 2026 21:36:39 +0530 Income Tax Manuals TaxLaws TaxTMI Income From Composite letting of Building, Machinery, Plant or furniture - (New) Section 92(2)(g) / (Old) Section 56(2)(iii) https://www.taxtmi.com/manuals?id=7999 https://www.taxtmi.com/manuals?id=7999 Sun, 19 Jul 2026 21:36:39 +0530 Income Tax Manuals TaxLaws TaxTMI Interest on Securities - (New) Section 92(2)(d) / (Old) Section 56(2)(id) https://www.taxtmi.com/manuals?id=7997 https://www.taxtmi.com/manuals?id=7997 Sun, 19 Jul 2026 21:36:39 +0530 Income Tax Manuals TaxLaws TaxTMI Employee Contributions to Welfare Funds Not Taxable as Business Income - (New) Section 92(2)(c) / (Old) Section 56(2)(ic) https://www.taxtmi.com/manuals?id=7996 https://www.taxtmi.com/manuals?id=7996 Sun, 19 Jul 2026 21:36:39 +0530 Income Tax Manuals TaxLaws TaxTMI Any winning from lotteries, crossword puzzles, races including horse races, card games etc. - (New) Section 92(2)(b) / (Old) Section 56(2)(ib) https://www.taxtmi.com/manuals?id=7995 https://www.taxtmi.com/manuals?id=7995 Sun, 19 Jul 2026 21:36:39 +0530 Income Tax Manuals TaxLaws TaxTMI Meaning of Accumulated Profit - (New) Section 2(40) / (Old) Section 2(22) https://www.taxtmi.com/manuals?id=7994 https://www.taxtmi.com/manuals?id=7994 Sun, 19 Jul 2026 21:36:39 +0530 Income Tax Manuals TaxLaws TaxTMI Dividend Income - (New) Section 92(2)(a) / (Old) Section 56(2)(i) https://www.taxtmi.com/manuals?id=7993 https://www.taxtmi.com/manuals?id=7993 Sun, 19 Jul 2026 21:36:39 +0530 Income Tax Manuals TaxLaws TaxTMI Meaning of "adjusted", "cost of improvement" and "cost of acquisition" (New) Section 90 / (Old) Section 55 https://www.taxtmi.com/manuals?id=7992 https://www.taxtmi.com/manuals?id=7992 Sun, 19 Jul 2026 21:36:39 +0530 Income Tax Manuals TaxLaws TaxTMI TMI Updates - Newsletter dated: July 19, 2026 https://www.taxtmi.com/newsletter?id=07/19/2026 https://www.taxtmi.com/newsletter?id=07/19/2026 Daily Updates Tax