Latest Tax Updates, News, Articles & Notifications
Missed the 30 September 2026 tax audit deadline? Section 271B penalty (0.5%, max Rs 1.5 lakh), the Section 273B defence, and the new Section 428 flat fee from 2026-27.
From 1 October 2026, resident individual and HUF buyers deduct TDS on property bought from an NRI through Form 141 Schedule E, with no TAN (CBDT Notification 121/2026).
Section 40A(3) disallows cash business payments over Rs 10,000 (Rs 35,000 for goods carriage) in full. Rule 6DD exceptions, Clause 21(d) reporting and the move to Section 36 of the Income-tax Act 2025.
Tax audit applicability for FY 2025-26: Section 44AB limits (Rs 1 crore, Rs 10 crore digital, Rs 50 lakh profession), the presumptive trap and the September 30, 2026 due date.
The Form 3CD clauses that trip up FY 2025-26 tax audits before 30 September 2026: MSME 43B(h), employee PF, TDS, cash payments and GST, plus the move to Form 26 under Section 63.
Section 43B(h) disallows dues to a micro or small enterprise unpaid at 31 March. What your FY 2025-26 tax audit must report by 30 September 2026, and its move to Section 37, Act 2025.
Section 40(a)(ia) disallows 30% of a resident payment where TDS was not deducted or not paid by the ITR due date. How it works before the 30 September 2026 tax audit, and the move to Section 35(b) of the Income-tax Act 2025.
CCFS-2026, the MCA 90% additional-fee waiver scheme, closes on 15 September 2026 under General Circular 04/2026. What defaulting companies must do next.
POEM decides when a foreign company is tax-resident in India. A 2026 guide to Section 6(3) and the new Section 6(10) of the Income-tax Act 2025, the ABOI test and the Rs 50 crore relief.
FC-GPR must be filed within 30 days of a share issue and FC-TRS within 60 days of a transfer. A 2026 guide for startups reporting FDI to RBI on the FIRMS portal.
