Latest Tax Updates, News, Articles & Notifications
RBI’s nine circulars of 6 August 2026 rewrite loan recovery conduct for banks, NBFCs and HFCs. Recovery calls 8 am to 7 pm, mandatory compensation, device-locking curbs. Effective 1 January 2027.
CBDT Notification 97/2026 notifies Form ITR-BN for block assessment in search and seizure cases. Who files it, the block period, the 60 per cent rate, and what changes from 1 April 2026.
SEBI’s circular dated 30 July 2026 operationalises GARUDA. Regular AIF schemes launch 10 working days after filing the Placement Memorandum; accredited-investor-only funds, LVFs and Angel Funds launch immediately.
The Finance Act 2026 created a permanent 31 August due date for non-audit business and professional income. Who qualifies, who was due 31 July, and the cost of filing late.
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.
