Latest Tax Updates, News, Articles & Notifications
Section 148 of the Income-tax Act 2025 replaces Section 80M: how domestic companies claim the inter-corporate dividend deduction, and the one-month timing rule.
RBI Amendment Directions 2026: passive NBFCs under Rs 1,000 crore with no public funds or customer interface can surrender their CoR by 31 December 2026.
CBDT Notification 94/2026 (G.S.R. 646E, 21 July 2026) widened the specified-fund definition in Rule 157. Read alongside the no-TDS reliefs for IFSC units and the Section 80LA holiday, here is the consolidated GIFT City IFSC tax map for 2026.
DIR-3 KYC is no longer annual. After MCA G.S.R. 943(E), effective 31 March 2026, directors file once every three years by 30 June, and most compliant directors are next due 30 June 2028. Here is what actually applies to you now.
FAST-DS 2026 valuation guide: how to value each foreign asset for Form 1 under Rule 3, the lifetime-deposit bank account rule, the unquoted equity formula, indexed-cost fallback, and the 20 percent variance safe harbour.
RBI’s loan recovery rules start January 1, 2027. The full compliance checklist for NBFCs, HFCs and fintechs: recovery agents, contact hours, call recording, and the device-locking code with Rs 250 per hour compensation.
A blank or mismatched field verification report cannot support the Rule 22(1) reasons to believe. Karnataka HC (12 June 2026) and Calcutta HC (27 April 2026) on GST registration cancellation, REG-30 and Section 30 revocation.
FAST-DS 2026 is open from August 16 to December 31, 2026. CBDT Notification 114/2026 sets the rules: 60 percent on undisclosed foreign assets up to Rs 1 crore, or a flat Rs 1 lakh fee up to Rs 5 crore.
CBDT’s Annual APA Report FY 2025-26 records 1,035 advance pricing agreements up to 31 March 2026 and 220 signed in one year. Here is what it means for transfer pricing certainty, Sections 168 and 169 of the Income-tax Act 2025, and the safe harbour choice.
In Union of India v. Sunil Biyani, 2026 INSC 849, the Supreme Court held that a Section 69 CGST arrest order must be communicated to the person before arrest, and that a court dismissing an anticipatory bail plea as premature cannot grant interim protection.
