Income Tax

Section 80-IAC Startup Tax Holiday for FY 2025-26: How DPIIT Startups Claim the 100% Three-Year Deduction, the March 31 2030 Extension, and the Section 140 Transition Under the Income-tax Act 2025

CA Adityavikram Banka

Section 80-IAC gives DPIIT-recognised startups a 100% deduction of profits for any 3 consecutive years out of 10. Eligibility, the 31 March 2030 extension, MAT and 115BAA traps, and the Section 140 transition under the Income-tax Act 2025.

GST Notifications & Order GST

GSTN Defers Mandatory Ship-To GSTIN and E-Way Bill Voluntary Closure to August 1, 2026: What Changes and How to Prepare

CA Adityavikram Banka

GSTN has deferred the mandatory Ship-To GSTIN field and the voluntary E-Way Bill closure facility from 15 June to 1 August 2026. Here is what changes and how to prepare.

Income Tax Notifications & Order IT

CBDT Compulsory Scrutiny Guidelines FY 2026-27: The Six Categories That Trigger a Section 143(2) Notice by June 30, 2026

CA Adityavikram Banka

CBDT compulsory scrutiny guidelines FY 2026-27: the six categories (CS-01 to CS-06) that trigger a Section 143(2) notice by 30 June 2026, explained for CAs and founders.

Income Tax Notifications & Order IT

CBDT FAQ Deep-Dive Series #7: Section 43B Actual-Payment Deductions and the 43B(h) MSME Disallowance Under the Income-tax Act 2025 – How Section 37 Maps the Transition Before the September 30, 2026 Tax Audit

CA Adityavikram Banka

Section 43B becomes Section 37 of the Income-tax Act 2025 and 43B(h) becomes Section 37(2)(g). Period-aware guide to the MSME disallowance for the 30 Sept 2026 tax audit.

Corporate Law MSME

DIR-3 KYC Due Date June 30, 2026: The New Triennial Director KYC Rule, Who Must File This Year, and the Rs 5,000 DIN Reactivation Penalty

CA Adityavikram Banka

DIR-3 KYC is now triennial under MCA G.S.R. 943(E). Who must still file by 30 June 2026, the 30-day event rule, and the Rs 5,000 DIN reactivation penalty.

Income Tax

Form 16 for FY 2025-26: The June 15, 2026 Employer Deadline, the Rs 100 Per Day Penalty, and the Pre-Issue TRACES Checklist

CA Adityavikram Banka

Form 16 for FY 2025-26 is due June 15, 2026. Miss it and face Rs 100 per day under Section 272A(2)(g). Pre-issue Form 24Q and TRACES checklist for employers.

Corporate Law MSME

CCFS-2026 Deadline July 15, 2026: The Companies Compliance Facilitation Scheme Closeout Checklist Before the 10 Per Cent Late-Fee Window Shuts

CA Adityavikram Banka

CCFS-2026 closes July 15, 2026. Clear pending MGT-7, AOC-4 and ADT-1 at 10% of the additional fee. Eligibility, immunity, strike-off and the closeout checklist.

GST Notifications & Order GST

GST Notification 01/2026-Central Tax (Rate) Effective May 1 2026: How the Finance Act 2026 Beverage Reclassification Moves HS 2202 Carbonated and Caffeinated Drinks to the 40 Per Cent Slab, the Schedule I and Schedule III Tariff Substitutions, the May 6 Corrigendum GSR 339(E), and the Practitioner Compliance Checklist

CA Adityavikram Banka

Notification 01/2026-Central Tax (Rate), effective 1 May 2026, realigns HS 2202 beverage tariff entries with the Finance Act 2026 GST structure and the 40% slab.

Income Tax Notifications & Order IT

CBDT FAQ Deep-Dive Series #6: Depreciation Transition Under Section 32 of the Income-tax Act 1961 Preserved by Section 536(2)(m) for FY 2025-26, Mapped to Section 33 and the Section 33(11) Capital Allowance Pool of the Income-tax Act 2025 for Tax Year 2026-27 – WDV Carry-Forward, Unabsorbed Depreciation, and the Practitioner Checklist Before the September 30 2026 Tax Audit

CA Adityavikram Banka

FY 2025-26 depreciation files under Section 32 of the 1961 Act; Section 34 and the Section 33(11) pool govern Tax Year 2026-27 under the Income-tax Act 2025.