Latest Tax Updates, News, Articles & Notifications
GSTAT President issues Rule 123 staggered e-filing schedule for the 14,000-plus backlog appeals due before June 30, 2026. Four cohorts, seven mandatory documents in Form APL-05 pack, 20 percent pre-deposit under Section 112(8), and a 9-step CA compliance checklist.
CBDT releases 99-page FAQ on the Income-tax Act 2025 transition. Section 536 saving clause preserves pre-April 1 2026 income, pending Section 148 reassessment, CIT(A)/ITAT appeals, loss carry-forward, and 80G/12A approvals. 10-step CA compliance checklist.
MCA Notification S.O. 658(E) effective February 16, 2026 split four ROC offices into 12. This advisory maps the new district-to-ROC allocation, the V3 master data verification SOP, the wrong-ROC filing risk, and the 4-week verification checklist before the September 2026 AOC-4 wave.
From April 1, 2026, every Indian company must maintain its SBO Register on the MCA V3 portal. This advisory maps the BEN-2 30-day filing window, the 15-day update SOP, the Section 90(11) Rs 10 lakh penalty, and the annual MGT-7 verification tick-box for FY 2025-26.
Section 92CE of the Income-tax Act 2025 requires Indian taxpayers to repatriate excess money from overseas associated enterprises within 90 days of any primary transfer pricing adjustment exceeding Rs 1 crore, failing which deemed interest accrues at SBI 1-year MCLR plus 325 basis points. This advisory covers the Rule 10CB mechanics, Form 3CEB and Form 3CD Clause 30B disclosures, and the 18 percent settlement option for AY 2026-27 compliance.
The MCA21 V2 portal will be permanently decommissioned on June 30, 2026. This 9-week migration advisory gives CAs and CSs a 10-step compliance checklist, day-by-day timeline, V2-to-V3 form mapping, penalty exposure under Sections 92, 137, and 86 of the Companies Act 2013, and FAQs on DSC re-association, RUN reservations, and INC-22A status.
Calcutta HC ruling of April 21, 2026 in M/s Graphite India Ltd (ITA 407 of 2008): Section 80-IA deduction uses full State Board tariff with electricity duty; West Bengal sales tax remission is capital receipt. Practical guide for CAs.
GSTAT is operational and pre-April 1, 2026 appeals must be filed by June 30. Step-by-step guide on Form APL-05, pre-deposit rules, bench jurisdiction, and action checklist for CAs.
The SEBI (AIF) (Amendment) Regulations, 2026 introduce a new inoperative fund classification under Regulation 10(10A) and revamp Regulation 29 on distribution. Here is what AIF managers, trustees, and LPs must do in the next 30 days.
CBDT Notification 64/2026 [G.S.R. 286(E)] dated April 16, 2026 rectifies 76 errors in the Income-tax Rules, 2026. Here is what every CA firm must update in templates, cross-references, and transfer pricing working papers before filing season.
