Latest Tax Updates, News, Articles & Notifications
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.
How to claim a bad debts deduction under Section 36(1)(vii) before the September 30, 2026 tax audit: the write-off test after TRF Ltd, the Section 36(2) conditions, and the move to Section 31 of the Income-tax Act 2025.
SEBI’s September 7, 2026 circular extends the angel fund accredited-investor deadline from September 8, 2026 to March 31, 2027. What existing angel funds must do now.
