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Flash News

SEBI Angel Fund Rules 2026: The September 8, 2026 Accredited-Investor Deadline Every Existing Angel Fund Must Meet

57th GST Council Meeting on September 12, 2026: Agenda, Registration Reform and How Businesses Should Prepare

CBDT FAQ Deep-Dive #10: ICDS and Method of Accounting Under Sections 276 and 277 of the Income-tax Act 2025

Companies (Ind AS) Amendment Rules 2026: Green Power Contracts, ESG-Linked Loans and E-Payment Settlement Under G.S.R. 725(E)

CBDT FAQ Deep-Dive #9: Inter-Corporate Dividends Under Section 148 of the Income-tax Act 2025 (Successor to Section 80M)

RBI NBFC Deregistration 2026: How Passive NBFCs Under Rs 1,000 Crore Can Surrender Their Certificate of Registration by December 31, 2026

GIFT City IFSC Tax Rules in 2026: What CBDT Notification 94/2026 and the No-TDS Regime Mean for Your Fund

DIR-3 KYC 2026: No, It Is Not Due 30 September Anymore. The New Three-Year Cycle Explained

FAST-DS 2026 Valuation Rules: How to Value Each Foreign Asset for Form 1 (Bank Accounts, Shares and Property)

RBI Loan Recovery Rules 2027: The Compliance Checklist Every NBFC, HFC and Fintech Must Finish Before January 1, 2027

Saturday, September 05, 2026

Author: CA Adityavikram Banka

The author is Founder of A. S. Banka Advisors Private Limited & Partner at Dhiraj & Dheeraj. You can reach out to the author on : info@asbanka.com www.asbanka.com
Case Law ITAT

AO is unjustified in making addition U/S 68 in respect of cash receipts converted into sales: ITAT Chennai

CA Adityavikram Banka January 8, 2024

AO is unjustified in making addition U/S 68 in respect of cash receipts converted into sales: ITAT Chennai M/s.Sahana Jewellery- Exports Pvt. Ltd. Vs ITO (ITA No.999/Chny/2022) Facts: 1. The … Read More

Case LawIncome TaxITAT
Case Law

Women can be Karta of an HUF: Delhi HC

CA Adityavikram Banka December 10, 2023

Women can be Karta of an HUF: Delhi HC MANU GUPTA Vs SUJATA SHARMA & ORS (Case No.: RFA(OS) 13/2016 & CM APPL. 6041/2016) Order of the division bench of … Read More

Case LawHigh CourtHUF
Income Tax ITAT

Assessment Orders solely based on AIR information is unsustainable: ITAT Mumbai

CA Adityavikram Banka December 9, 2023

Bona Sera Hospitality Pvt. Ltd Vs DCIT (ITAT Mumbai) (ITA No.1750/Mum/2023) Facts: 1. The assessee company is in the business of providing services of developing, installing and maintenance of software … Read More

Income TaxITAT
GST

Remuneration paid to directors to attract GST – AAR

CA Adityavikram Banka December 8, 2023

Companies will have to pay GST under RCM on the remuneration they give to directors, the Authority for Advance Ruling (AAR) has said. In an application filed before the Rajasthan … Read More

GST 1 Comment on Remuneration paid to directors to attract GST – AAR
Income Tax Due Date Extension for AY 2021-22 (FY 2020-21)
Income Tax Notifications & Order IT

Income Tax Due Date Extension for AY 2021-22 (FY 2020-21)

CA Adityavikram Banka May 20, 2021

CBDT Circular 9 of 2021 dated 20th May 2021, has extended following due dates for Income Tax Compliance for AY 2021-22 (FY 2020-21)  : 1. Due date for TDS return … Read More

AY 2021-22CircularDue DateExtensionFY 2020-21Income Tax 1 Comment on Income Tax Due Date Extension for AY 2021-22 (FY 2020-21)
Presentation on E-Invoice Under GST
GST

Presentation on E-Invoice Under GST

CA Adityavikram Banka May 20, 2021

Presentation on E-Invoice Under GST Click on Link to Download Presentation Presentation Guide

E-InvoiceGST
Extension of Due Date of GST for March & April 2021 Return
GST Notifications & Order GST

Extension of Due Date of GST for March & April 2021 Return

CA Adityavikram Banka May 1, 2021

Relief Measures announced in GST Compliances In view of recent surge in Coronavirus Cases 1. Reduction in Interest Rate for delayed GST payment for Regular Taxpayer for the month of … Read More

Due DateExtensionGSTGST ReturnNotification
Taxation of Dividends FY 2020-21
Income Tax

Taxation of Dividends FY 2020-21

CA Adityavikram Banka May 25, 2020

The Budget 2020 has announced to abolish the Dividend Distribution Tax (DDT) payable by Indian Companies and restoring the classical system of Taxing Dividends in the Shareholders’ Hands. This was … Read More

AY 2021-22Budget ChangesDDTDividendFinance ActFY 2020-21Income TaxTDS
CBIC enables Form PMT-09 for Shifting Wrongly Paid Tax in the Electronic Cash Ledger
Uncategorized

CBIC enables Form PMT-09 for Shifting Wrongly Paid Tax in the Electronic Cash Ledger

CA Adityavikram Banka April 21, 2020

The Central Board of Indirect Taxes and Customs (CBIC) has enabled Form PMT-09 for shifting wrongly paid Tax in the electronic cash ledger. Form PMT-09 enables a registered taxpayer to … Read More

CBICElectronic Cash LedgerGSTGSTN
GST Compliance  Requirement at the beginning of Financial Year 2020-21
Uncategorized

GST Compliance Requirement at the beginning of Financial Year 2020-21

CA Adityavikram Banka April 14, 2020

Under GST in the beginning of the every year there are certain compliance that every registered person has to take. We have summarized GST Compliance Requirement as under:

Composition SchemeFY 2020-21GSTLUTYear End

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Recent Posts

  • SEBI Angel Fund Rules 2026: The September 8, 2026 Accredited-Investor Deadline Every Existing Angel Fund Must Meet
  • 57th GST Council Meeting on September 12, 2026: Agenda, Registration Reform and How Businesses Should Prepare
  • CBDT FAQ Deep-Dive #10: ICDS and Method of Accounting Under Sections 276 and 277 of the Income-tax Act 2025
  • Companies (Ind AS) Amendment Rules 2026: Green Power Contracts, ESG-Linked Loans and E-Payment Settlement Under G.S.R. 725(E)
  • CBDT FAQ Deep-Dive #9: Inter-Corporate Dividends Under Section 148 of the Income-tax Act 2025 (Successor to Section 80M)

INCOME TAX

  • CBDT FAQ Deep-Dive #10: ICDS and Method of Accounting Under Sections 276 and 277 of the Income-tax Act 2025
  • CBDT FAQ Deep-Dive #9: Inter-Corporate Dividends Under Section 148 of the Income-tax Act 2025 (Successor to Section 80M)
  • GIFT City IFSC Tax Rules in 2026: What CBDT Notification 94/2026 and the No-TDS Regime Mean for Your Fund
  • FAST-DS 2026 Valuation Rules: How to Value Each Foreign Asset for Form 1 (Bank Accounts, Shares and Property)
  • FAST-DS 2026: How to Declare Undisclosed Foreign Assets Before December 31, 2026 (CBDT Notification 114/2026)

Corporate Law

  • Companies (Ind AS) Amendment Rules 2026: Green Power Contracts, ESG-Linked Loans and E-Payment Settlement Under G.S.R. 725(E)
  • DIR-3 KYC 2026: No, It Is Not Due 30 September Anymore. The New Three-Year Cycle Explained
  • RBI’s New Loan Recovery Rules From January 1, 2027: What the August 6, 2026 Directions Mean for Every Borrower
  • SEBI GARUDA Circular of July 30, 2026: How AIF Schemes Now Launch in 10 Working Days
  • ITR Due Date August 31, 2026: Who Gets the Extra Month and What It Costs If You Missed July 31

CASE LAW

  • Sec 54 – Date of possession of new property is to be considered in the case of constructed property: ITAT Mumbai
  • Transit rent paid by the developer is not a revenue receipt and so not taxable: Bombay HC
  • Legal precedents on Ad- Hoc Disallowances
  • Additions cannot be made based on profit assumptions: Punjab & Haryana HC
  • Excessive or unreasonable salary, is a sine qua non in invoking the provision of Sec 40A(2)(b): ITAT Ahmedabad

GOODS & SERVICE TAX (GST)

  • 57th GST Council Meeting on September 12, 2026: Agenda, Registration Reform and How Businesses Should Prepare
  • GST Registration Cancelled After a Field Visit? Two 2026 High Court Rulings on Rule 25, REG-30 and Section 30 Revocation
  • Supreme Court, August 12, 2026: No GST Arrest Until the Section 69 Order Is Communicated to You
  • GSTN Advisory 668: The August 1, 2026 e-Way Bill Changes Are On Hold (Ship-To GSTIN and Closure Facility Deferred)
  • GSTN Advisory No. 666: The FY 2025-26 AATO Amendment Window Closes July 31, 2026 (and GST Turnover Now Auto-Updates)

OTHER POSTS

  • SEBI Angel Fund Rules 2026: The September 8, 2026 Accredited-Investor Deadline Every Existing Angel Fund Must Meet
  • 57th GST Council Meeting on September 12, 2026: Agenda, Registration Reform and How Businesses Should Prepare
  • CBDT FAQ Deep-Dive #10: ICDS and Method of Accounting Under Sections 276 and 277 of the Income-tax Act 2025
  • Companies (Ind AS) Amendment Rules 2026: Green Power Contracts, ESG-Linked Loans and E-Payment Settlement Under G.S.R. 725(E)
  • CBDT FAQ Deep-Dive #9: Inter-Corporate Dividends Under Section 148 of the Income-tax Act 2025 (Successor to Section 80M)

Alternative Investment Funds Annual Return AOC-4 April 2026 AY 2021-22 Budget Changes Case Law CBDT CBIC CCFS 2026 Companies Act Companies Act 2013 DIN Due Date Extension FEMA Finance Act Foreign Exchange FY 2020-21 GST GST Compliance 2026 GST Council GSTR3B GST Refund GST Return High Court Income-tax Act 2025 Income-tax Rules 2026 Income Tax Income Tax Act 2025 Income Tax Rules 2026 Input Tax Credit International Taxation ITAT MCA MCA V3 Portal MGT-7 Notification NRI Taxation RBI RCM ROC Filing SEBI Strike Off TDS

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