Latest Tax Updates, News, Articles & Notifications
SEBI SME IPO consultation paper 2026 proposes a market cap test, Rs 3 crore average profit, Rs 1 lakh application and one-share lot. Comments by 4 Nov.
India Mauritius DTAA principal purpose test: CBDT Notification 135/2026 gives effect to new Article 27B from 10 August 2026. What changed and what to do.
RBI forex hedging rules October 2026: USD 5 million no-underlying limit, no rebooking of cancelled contracts, a new undertaking and a 20% FERR on large hedges.
57th GST Council recommendations of 8 October 2026: withdrawal of arrest powers, Rs 5 crore prosecution threshold, automated refunds, wider ITC and lower penalties.
CBDT Notification 134/2026 substitutes Form 161 for penalty waiver under Section 440: pay 100% or 120% additional income-tax instead of a 200% misreporting penalty.
RoDTEP scheme extended till 31 December 2026 by DGFT Notification 41/2026-27: rates and caps as on 30 Sep 2026 continue for DTA, AA, SEZ and EOU exports.
SEBI accredited investor framework 2026: the 24 Sep Board approved manager-led accreditation, a Rs 5 crore exposure test and deemed status for non-residents.
FDI in inventory-based e-commerce is now allowed for exports of Indian-made goods under NDI Rules entry 15.2.5 (S.O. 4870(E)). What it permits and what it does not.
RBI’s 22 September 2026 amendment keeps export realisation at nine months from 1 October 2026: from shipment for goods, invoice for services, sale for warehouse goods; twelve months for INR exports.
CBDT Circular 07/2026 extends the AY 2026-27 tax audit due date to 21 October 2026 and the ITR date to 21 November 2026 for audited assessees outside Section 92E.
