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Flash News

CBDT FAQ Deep-Dive Series #7: Section 43B Actual-Payment Deductions and the 43B(h) MSME Disallowance Under the Income-tax Act 2025 – How Section 37 Maps the Transition Before the September 30, 2026 Tax Audit

DIR-3 KYC Due Date June 30, 2026: The New Triennial Director KYC Rule, Who Must File This Year, and the Rs 5,000 DIN Reactivation Penalty

Form 16 for FY 2025-26: The June 15, 2026 Employer Deadline, the Rs 100 Per Day Penalty, and the Pre-Issue TRACES Checklist

CCFS-2026 Deadline July 15, 2026: The Companies Compliance Facilitation Scheme Closeout Checklist Before the 10 Per Cent Late-Fee Window Shuts

GST Notification 01/2026-Central Tax (Rate) Effective May 1 2026: How the Finance Act 2026 Beverage Reclassification Moves HS 2202 Carbonated and Caffeinated Drinks to the 40 Per Cent Slab, the Schedule I and Schedule III Tariff Substitutions, the May 6 Corrigendum GSR 339(E), and the Practitioner Compliance Checklist

CBDT FAQ Deep-Dive Series #6: Depreciation Transition Under Section 32 of the Income-tax Act 1961 Preserved by Section 536(2)(m) for FY 2025-26, Mapped to Section 33 and the Section 33(11) Capital Allowance Pool of the Income-tax Act 2025 for Tax Year 2026-27 – WDV Carry-Forward, Unabsorbed Depreciation, and the Practitioner Checklist Before the September 30 2026 Tax Audit

GSTAT Cohort-D With 35 Days Left to the June 30 2026 Cut-Off: The 5 NIC Portal Filing Errors Killing Practitioner Throughput, Section 112(8) Pre-Deposit Mechanics Under Rule 123 of the GSTAT Procedure Rules 2025, Section 112(6) Condonation Map to September 28 2026, and the Week-by-Week Sprint Template for the Final Filing Window

CBDT FAQ Deep-Dive Series #5: Transfer Pricing Transition Under Sections 92 to 92F of the Income-tax Act 1961 Preserved by Section 536 Sub-Clause 5 of the Income-tax Act 2025 for FY 2025-26 Files – Form 3CEB October 31 2026 Deadline, Form 3CEAA Master File Rule 10DA, Form 3CEAD CbCR Rule 10DB, Section 92CA TPO Reference, Section 92CB Safe Harbour Rule 10TD, and the 8-Step Practitioner Sprint Before October 31, 2026

Section 14A and Rule 8D Disallowance Deep-Dive for FY 2025-26 Tax Audits Under Section 44AB and Section 536 Sub-Clause 4 of the Income-tax Act 2025: Exempt-Income Expense Allocation, Three-Limb Rule 8D(2) Computation, Form 3CD Clause 21(h), Maxopp Investment Satisfaction Doctrine, South Indian Bank Own-Funds Presumption, Strategic Foods Carve-Out, and the September 30, 2026 Practitioner Defence Playbook

CBDT FAQ Deep-Dive Series #4: Capital Gains Transition Under Section 536 Sub-Clause 5 of the Income-tax Act 2025 – Sections 45 to 55A of the 1961 Act, Section 47 Exempt Transfers, Section 48 Indexation, Section 49 Cost of Acquisition, Section 54 to 54GB Reinvestment Exemptions, and the Pre-April 2026 / Post-April 2026 Asset Holding Period Cutover for FY 2025-26 Files

Saturday, June 06, 2026

Category: ITAT

ITAT case on salary earned by the non resident outside India – Devi Dayal vs DCIT, 2024, Delhi ITAT
Case Law Case Law IT Income Tax ITAT

ITAT case on salary earned by the non resident outside India – Devi Dayal vs DCIT, 2024, Delhi ITAT

CA Adityavikram Banka February 10, 2024

ITAT case on salary earned by the non resident outside India Devi Dayal vs DCIT, 2024, Delhi ITAT (ITA Nos. 835 & 836/Del/2023) Facts: 1. The Appellant was deputed to … Read More

Case LawIncome TaxITATNRI TaxationResidential Status
No Income Tax in India for salary earned by a Korean Resident outside India: ITAT Delhi
Case Law ITAT

No Income Tax in India for salary earned by a Korean Resident outside India: ITAT Delhi

admin January 25, 2024

No Income Tax in India for salary earned by a Korean Resident outside India: ITAT Delhi Amit Laroya Vs ACIT (ITA No.1457/Del/2022) Facts: 1. Amit Laroya, the appellant, challenged the … Read More

Case LawDTAAIncome TaxInternational TaxationITAT
ITAT Mumbai judgement on whether employment includes self employment for the purpose of determining residential status
Case Law Income Tax ITAT

ITAT Mumbai judgement on whether employment includes self employment for the purpose of determining residential status

admin January 19, 2024

ITAT Mumbai judgement on whether employment includes self employment for the purpose of determining residential status ACIT Vs Nishant Kanodia (ITA No. 2155/Mum./2023) Facts: 1. The assessee, being an individual, … Read More

Case LawIncome TaxITATResidential Status
Case Law Income Tax ITAT

Stock difference should be taxed as business income and not unexplained investment: ITAT Chennai

admin January 19, 2024

Stock difference should be taxed as business income and not unexplained investment: ITAT Chennai Ethiraj Hotel Mart (ITA No.: 1086/CHNY/2022) Facts: 1. The appellant/assessee operates in the wholesale trading sector, … Read More

Case LawIncome TaxITAT
Mere outsourcing of services to Indian subsidiary would not give rise to PE in India: ITAT Delhi
Case Law Income Tax ITAT

Mere outsourcing of services to Indian subsidiary would not give rise to PE in India: ITAT Delhi

admin January 19, 2024

Mere outsourcing of services to Indian subsidiary would not give rise to PE in India: ITAT Delhi M/s EXL Service. Com INC (ITA No. 4989/DEL/2014) Facts: 1. Exl India has … Read More

Case LawDTAAIncome TaxInternational TaxationITATPermanent Establishment (PE)
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
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

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Recent Posts

  • CBDT FAQ Deep-Dive Series #7: Section 43B Actual-Payment Deductions and the 43B(h) MSME Disallowance Under the Income-tax Act 2025 – How Section 37 Maps the Transition Before the September 30, 2026 Tax Audit
  • DIR-3 KYC Due Date June 30, 2026: The New Triennial Director KYC Rule, Who Must File This Year, and the Rs 5,000 DIN Reactivation Penalty
  • Form 16 for FY 2025-26: The June 15, 2026 Employer Deadline, the Rs 100 Per Day Penalty, and the Pre-Issue TRACES Checklist
  • CCFS-2026 Deadline July 15, 2026: The Companies Compliance Facilitation Scheme Closeout Checklist Before the 10 Per Cent Late-Fee Window Shuts
  • GST Notification 01/2026-Central Tax (Rate) Effective May 1 2026: How the Finance Act 2026 Beverage Reclassification Moves HS 2202 Carbonated and Caffeinated Drinks to the 40 Per Cent Slab, the Schedule I and Schedule III Tariff Substitutions, the May 6 Corrigendum GSR 339(E), and the Practitioner Compliance Checklist

INCOME TAX

  • CBDT FAQ Deep-Dive Series #7: Section 43B Actual-Payment Deductions and the 43B(h) MSME Disallowance Under the Income-tax Act 2025 – How Section 37 Maps the Transition Before the September 30, 2026 Tax Audit
  • Form 16 for FY 2025-26: The June 15, 2026 Employer Deadline, the Rs 100 Per Day Penalty, and the Pre-Issue TRACES Checklist
  • CBDT FAQ Deep-Dive Series #6: Depreciation Transition Under Section 32 of the Income-tax Act 1961 Preserved by Section 536(2)(m) for FY 2025-26, Mapped to Section 33 and the Section 33(11) Capital Allowance Pool of the Income-tax Act 2025 for Tax Year 2026-27 – WDV Carry-Forward, Unabsorbed Depreciation, and the Practitioner Checklist Before the September 30 2026 Tax Audit
  • CBDT FAQ Deep-Dive Series #5: Transfer Pricing Transition Under Sections 92 to 92F of the Income-tax Act 1961 Preserved by Section 536 Sub-Clause 5 of the Income-tax Act 2025 for FY 2025-26 Files – Form 3CEB October 31 2026 Deadline, Form 3CEAA Master File Rule 10DA, Form 3CEAD CbCR Rule 10DB, Section 92CA TPO Reference, Section 92CB Safe Harbour Rule 10TD, and the 8-Step Practitioner Sprint Before October 31, 2026
  • Section 14A and Rule 8D Disallowance Deep-Dive for FY 2025-26 Tax Audits Under Section 44AB and Section 536 Sub-Clause 4 of the Income-tax Act 2025: Exempt-Income Expense Allocation, Three-Limb Rule 8D(2) Computation, Form 3CD Clause 21(h), Maxopp Investment Satisfaction Doctrine, South Indian Bank Own-Funds Presumption, Strategic Foods Carve-Out, and the September 30, 2026 Practitioner Defence Playbook

Corporate Law

  • DIR-3 KYC Due Date June 30, 2026: The New Triennial Director KYC Rule, Who Must File This Year, and the Rs 5,000 DIN Reactivation Penalty
  • CCFS-2026 Deadline July 15, 2026: The Companies Compliance Facilitation Scheme Closeout Checklist Before the 10 Per Cent Late-Fee Window Shuts
  • MGT-7 SBO Companion Walk-Through for FY 2025-26 Annual Returns: Part-A Disclosure, V3 Register Reconciliation, BEN-2 Timeline, and the Section 90(11) Rs 10 Lakh Discipline
  • MCA21 V2 Decommissioning T-53 Days: The Final 5-Week Sprint to the June 30, 2026 Cutover and the Migration Gaps Practitioners Are Still Hitting
  • ROC Jurisdiction Re-alignment 2026: Delhi, Mumbai, Kolkata, Uttar Pradesh ROC Splits Effective February 16, 2026 and How to Verify Your Current ROC

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)

  • GST Notification 01/2026-Central Tax (Rate) Effective May 1 2026: How the Finance Act 2026 Beverage Reclassification Moves HS 2202 Carbonated and Caffeinated Drinks to the 40 Per Cent Slab, the Schedule I and Schedule III Tariff Substitutions, the May 6 Corrigendum GSR 339(E), and the Practitioner Compliance Checklist
  • GSTAT Cohort-D With 35 Days Left to the June 30 2026 Cut-Off: The 5 NIC Portal Filing Errors Killing Practitioner Throughput, Section 112(8) Pre-Deposit Mechanics Under Rule 123 of the GSTAT Procedure Rules 2025, Section 112(6) Condonation Map to September 28 2026, and the Week-by-Week Sprint Template for the Final Filing Window
  • GSTAT Cohort-D Mid-Window Practitioner Status: How to Use the 49-Day Runway Before the June 30, 2026 Cut-Off and the Five Cohort-D Filing Errors Costing CAs Time on the NIC Portal
  • GSTAT Presidential Order on Staggered E-Filing Schedule: Rule 123 Cohort Windows Through June 30, 2026 for Pre-April 1 Backlog Appeals and the Mandatory Seven-Document E-Filing Pack
  • GSTAT Appeal Filing Deadline June 30, 2026: A Complete Guide to Notification S.O. 4220(E) for Pre-April 1 Backlog Orders

OTHER POSTS

  • CBDT FAQ Deep-Dive Series #7: Section 43B Actual-Payment Deductions and the 43B(h) MSME Disallowance Under the Income-tax Act 2025 – How Section 37 Maps the Transition Before the September 30, 2026 Tax Audit
  • DIR-3 KYC Due Date June 30, 2026: The New Triennial Director KYC Rule, Who Must File This Year, and the Rs 5,000 DIN Reactivation Penalty
  • Form 16 for FY 2025-26: The June 15, 2026 Employer Deadline, the Rs 100 Per Day Penalty, and the Pre-Issue TRACES Checklist
  • CCFS-2026 Deadline July 15, 2026: The Companies Compliance Facilitation Scheme Closeout Checklist Before the 10 Per Cent Late-Fee Window Shuts
  • GST Notification 01/2026-Central Tax (Rate) Effective May 1 2026: How the Finance Act 2026 Beverage Reclassification Moves HS 2202 Carbonated and Caffeinated Drinks to the 40 Per Cent Slab, the Schedule I and Schedule III Tariff Substitutions, the May 6 Corrigendum GSR 339(E), and the Practitioner Compliance Checklist

Annual Return AOC-4 April 2026 AY 2021-22 Budget Changes Case Law CBDT CBIC CCFS 2026 Circular Companies Act Companies Act 2013 Corporate Law Cross Border DIN Dormant Company Due Date Extension FEMA Finance Act Foreign Exchange FY 2020-21 GST GST Council GSTR3B GST Return High Court Income Tax Income Tax Act 2025 Income Tax Rules 2026 International Taxation ITAT LLP MCA MCA V3 Portal MGT-7 Notification NRI NRI Taxation RBI RCM Residential Status ROC Filing Strike Off TDS

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