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Flash News

RBI’s New ECB Rules 2026: How Much Foreign Debt Your Company Can Raise Under the USD 1 Billion and 300% Net Worth Ceiling

New TDS and TCS Return Forms From FY 2026-27: Form 24Q Is Now Form 138 and Your Q1 Return Is Due July 31, 2026

FEMA Export Realisation Period 2026: Why Your Deadline Is 9 Months Now and 15 Months From October 1, 2026

CBDT Circular 06/2026: Condonation of Delay in Filing Form 10AB for Section 80G Renewal (Applications Filed October 2025 to March 2026)

CGST Circular 255/2026: Who Handles Your GST Case After You Change Jurisdiction

RBI TReDS Directions 2026: What the New Trade Receivables Discounting Rules Mean for MSME Working Capital

DPT-3 Due Date Extended to July 31, 2026: MCA General Circular 02/2026, the Data Centre Fire Relief Package, and Who Must File

RBI Withdraws 732 Defunct FEMA Circulars (A.P. DIR Series Circular 18 of June 24, 2026): What Changes for Your FDI, ODI and ECB Compliance

CBDT FAQ Deep-Dive Series #8: Scientific Research and R&D Deduction Moves From Section 35 of the 1961 Act to Section 45 of the Income-tax Act 2025

SEBI’s GARUDA Mechanism: AIF Schemes Can Now Launch in 10 Working Days From the June 19, 2026 Board Reforms

Wednesday, July 08, 2026

Category: Notifications & Order IT

Changes in ITR 6 applicable to companies – Notification No 16/2016 dated 24.01.2024
Income Tax Notifications & Order IT

Changes in ITR 6 applicable to companies – Notification No 16/2016 dated 24.01.2024

CA Adityavikram Banka February 9, 2024

Changes in ITR 6 applicable to companies – Notification No 16/2016 dated 24.01.2024 CBDT has notified Income-tax Return Form 6 for the Assessment Year 2024-25, vide Notification No. 16/2024, dated … Read More

CBDTIncome TaxITRNotification
FMV in slump sale transaction – Rule 11UAD (IT Notification G.S.R. 338 (E) Dated 24.05.2021)
Income Tax Notifications & Order IT

FMV in slump sale transaction – Rule 11UAD (IT Notification G.S.R. 338 (E) Dated 24.05.2021)

Mayank Banka May 29, 2021

Amended section provides that FMV of the capital assets transferred shall be deemed to be the consideration New Rule 11 UAD provides method of working out FMV which is higher … Read More

Income TaxNotificationSlump Sale
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)
Cost Inflation Index for Financial Year 2020-21 (AY 2021-22)
Notifications & Order IT

Cost Inflation Index for Financial Year 2020-21 (AY 2021-22)

admin June 13, 2020

CBDT notifies Income Tax Cost Inflation Index for Financial Year 2020-21 (Assessment Year 2021-22) vide Notification No. 32/2020-Income Tax dated 12th June 2020 at 301. Cost Inflation Index helps taxpayer … Read More

CBDTCost Inflation IndexIncome Tax
CBDT has given Income Tax Residency Status Relief for NRIs and Foreign Nationals, Lockdown period won’t be counted for determining Residency Status
Income Tax Notifications & Order IT

CBDT has given Income Tax Residency Status Relief for NRIs and Foreign Nationals, Lockdown period won’t be counted for determining Residency Status

admin May 9, 2020

CBDT has issues Circular No. 11 of 2020 dt 8th May,2020 clarifying residential status u/s 6 of Income Tax Act wrt FY 2019-20 (AY 2020-21) giving relief on residency status … Read More

CBDTCircularIncome TaxLockdownNRIResidency Status
Extension of TDS/TDS Return Due Date for Quarter Ended March 2020
Notifications & Order IT

Extension of TDS/TDS Return Due Date for Quarter Ended March 2020

admin April 23, 2020

NSDL e- Governance Infrastructure Limited TIN Operations Circular Circular No. NSDL/TIN/2020/006 April 20, 2020 Subject: Extension of Quarterly TDS/TCS statement filing dates.

Due DateExtensionTCSTDS
Notifications & Order IT

Order on Issue of Certificates for Lower Rate/Nil Deduction/Collection of TDS/TCS

admin April 5, 2020

Order u/s 119 of The Income Tax Act, 1961 on issue of certificates for lower rate/nil deduction/collection of TDS or TCS u/s 195, 197 and 206C (9) — reg.

Due DateIncome TaxTDS

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Recent Posts

  • RBI’s New ECB Rules 2026: How Much Foreign Debt Your Company Can Raise Under the USD 1 Billion and 300% Net Worth Ceiling
  • New TDS and TCS Return Forms From FY 2026-27: Form 24Q Is Now Form 138 and Your Q1 Return Is Due July 31, 2026
  • FEMA Export Realisation Period 2026: Why Your Deadline Is 9 Months Now and 15 Months From October 1, 2026
  • CBDT Circular 06/2026: Condonation of Delay in Filing Form 10AB for Section 80G Renewal (Applications Filed October 2025 to March 2026)
  • CGST Circular 255/2026: Who Handles Your GST Case After You Change Jurisdiction

INCOME TAX

  • New TDS and TCS Return Forms From FY 2026-27: Form 24Q Is Now Form 138 and Your Q1 Return Is Due July 31, 2026
  • CBDT Circular 06/2026: Condonation of Delay in Filing Form 10AB for Section 80G Renewal (Applications Filed October 2025 to March 2026)
  • CBDT FAQ Deep-Dive Series #8: Scientific Research and R&D Deduction Moves From Section 35 of the 1961 Act to Section 45 of the Income-tax Act 2025
  • Children Education Allowance Jumps to Rs 3,000 a Month: How the Income-tax Rules 2026 Reset Salary Allowance Exemption Limits From FY 2026-27
  • HRA 50% Exemption Now Covers 8 Cities From FY 2026-27: Bengaluru, Hyderabad, Pune and Ahmedabad Added Under the Income-tax Rules 2026

Corporate Law

  • RBI’s New ECB Rules 2026: How Much Foreign Debt Your Company Can Raise Under the USD 1 Billion and 300% Net Worth Ceiling
  • FEMA Export Realisation Period 2026: Why Your Deadline Is 9 Months Now and 15 Months From October 1, 2026
  • RBI TReDS Directions 2026: What the New Trade Receivables Discounting Rules Mean for MSME Working Capital
  • DPT-3 Due Date Extended to July 31, 2026: MCA General Circular 02/2026, the Data Centre Fire Relief Package, and Who Must File
  • Corporate Laws (Amendment) Bill 2026: Bigger Small Company, Liberalised Buybacks and a Body-Corporate NFRA

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)

  • CGST Circular 255/2026: Who Handles Your GST Case After You Change Jurisdiction
  • GSTR-3B Hard-Locking and IMS: Why GSTR-1 and the Invoice Management System Now Decide Your GST Liability
  • GSTN Defers Mandatory Ship-To GSTIN and E-Way Bill Voluntary Closure to August 1, 2026: What Changes and How to Prepare
  • 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

OTHER POSTS

  • RBI’s New ECB Rules 2026: How Much Foreign Debt Your Company Can Raise Under the USD 1 Billion and 300% Net Worth Ceiling
  • New TDS and TCS Return Forms From FY 2026-27: Form 24Q Is Now Form 138 and Your Q1 Return Is Due July 31, 2026
  • FEMA Export Realisation Period 2026: Why Your Deadline Is 9 Months Now and 15 Months From October 1, 2026
  • CBDT Circular 06/2026: Condonation of Delay in Filing Form 10AB for Section 80G Renewal (Applications Filed October 2025 to March 2026)
  • CGST Circular 255/2026: Who Handles Your GST Case After You Change Jurisdiction

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

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