Latest Tax Updates, News, Articles & Notifications
RBI A.P. (DIR Series) Circular No. 19 dated 17 July 2026 consolidates five SRVA circulars into one. No prior RBI approval to open a Special Rupee Vostro Account for rupee trade settlement.
GSTN has kept the proposed e-Way Bill enhancements on hold until further notice. Mandatory Ship-To GSTIN and the E-Way Bill closure facility will not go live on August 1, 2026.
RBI Notification FEMA 401/2026-RB overhauls forex licensing from May 6, 2026: franchisees phased out in 2 years, FFMC applications frozen, Forex Correspondent Scheme in.
CBDT Notification 80/2026 exempts specified payments to IFSC units from TDS from April 1, 2026. The 14 eligible categories, Form 1(N), and the reporting trap explained.
GSTN Advisory No. 666 dated 1 July 2026 revises the FY 2025-26 AATO amendment window (open till 31 July 2026) and switches GST turnover to auto-update. Check your AATO before it closes.
CBDT’s 8 July 2026 order shows foreign-asset AEOI data in your AIS. Reconcile Schedule FA before filing AY 2026-27 to avoid the Rs 10 lakh Black Money Act penalty.
MCA General Circular 03/2026 dated 8 July 2026 extends CCFS-2026 to 31 August 2026. File pending MGT-7, AOC-4 and other ROC returns at 10% additional fees. Who qualifies and how to file.
CBDT notifies Cost Inflation Index 384 for FY 2026-27 via S.O. 3889(E) under Section 72(8)(a) of the Income-tax Act 2025. Who can still claim indexation on capital gains and how to compute LTCG.
MCA’s AS 22 amendment (G.S.R. 169(E), 10 March 2026) exempts deferred tax on OECD Pillar Two taxes and adds new disclosures. Who must apply it and how.
No TDS on aircraft and ship lease rent paid to IFSC units: CBDT Notification 74/2026 and 75/2026 explained, with the Form 1(N) declaration process.
