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Flash News

RoDTEP Scheme Extended Till 31 December 2026: What DGFT Notification 41/2026-27 Means for Exporters

SEBI Accredited Investor Framework 2026: What the September 24 Board Decision Changes for Angel Funds, AIFs and Non-Resident Investors

FDI in Inventory-Based E-commerce for Exports: What Entry 15.2.5 of the NDI Rules (S.O. 4870(E), 2 September 2026) Now Allows

FEMA Export Realisation Period From October 1, 2026: Nine Months Stays, the Clock Moves to Invoice and Sale Dates (RBI Amendment of 22 September 2026)

Tax Audit Due Date Extended to 21 October 2026: CBDT Circular 07/2026 Moves the ITR Date to 21 November for Audited Assessees

Late Tax Audit Report Penalty for FY 2025-26: Section 271B, the Section 273B Reasonable-Cause Defence and the New Section 428 Fee Under the Income-tax Act 2025

TDS on Property Purchase From NRI Without TAN From October 1, 2026: Form 141 Schedule E Under CBDT Notification 121/2026

Section 40A(3) Cash Payment Disallowance in the September 30, 2026 Tax Audit: The Rs 10,000 Rule, Rule 6DD Exceptions and the Move to Section 36 of the Income-tax Act 2025

Tax Audit Applicability for FY 2025-26: Who Must File by September 30, 2026 (Section 44AB Limits, the Rs 10 Crore Test and the Presumptive Trap)

Form 3CD Clauses Founders and CAs Get Wrong in the September 30, 2026 Tax Audit (and the Move to Form 26 Under the Income-tax Act 2025)

Thursday, October 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

  • RoDTEP Scheme Extended Till 31 December 2026: What DGFT Notification 41/2026-27 Means for Exporters
  • SEBI Accredited Investor Framework 2026: What the September 24 Board Decision Changes for Angel Funds, AIFs and Non-Resident Investors
  • FDI in Inventory-Based E-commerce for Exports: What Entry 15.2.5 of the NDI Rules (S.O. 4870(E), 2 September 2026) Now Allows
  • FEMA Export Realisation Period From October 1, 2026: Nine Months Stays, the Clock Moves to Invoice and Sale Dates (RBI Amendment of 22 September 2026)
  • Tax Audit Due Date Extended to 21 October 2026: CBDT Circular 07/2026 Moves the ITR Date to 21 November for Audited Assessees

INCOME TAX

  • Tax Audit Due Date Extended to 21 October 2026: CBDT Circular 07/2026 Moves the ITR Date to 21 November for Audited Assessees
  • Late Tax Audit Report Penalty for FY 2025-26: Section 271B, the Section 273B Reasonable-Cause Defence and the New Section 428 Fee Under the Income-tax Act 2025
  • TDS on Property Purchase From NRI Without TAN From October 1, 2026: Form 141 Schedule E Under CBDT Notification 121/2026
  • Section 40A(3) Cash Payment Disallowance in the September 30, 2026 Tax Audit: The Rs 10,000 Rule, Rule 6DD Exceptions and the Move to Section 36 of the Income-tax Act 2025
  • Tax Audit Applicability for FY 2025-26: Who Must File by September 30, 2026 (Section 44AB Limits, the Rs 10 Crore Test and the Presumptive Trap)

Corporate Law

  • RoDTEP Scheme Extended Till 31 December 2026: What DGFT Notification 41/2026-27 Means for Exporters
  • Section 43B(h) and the September 30, 2026 Tax Audit: The MSME Payment Disallowance Founders Get Wrong (and Its Move to Section 37 of the Income-tax Act 2025)
  • CCFS-2026 Closes September 15, 2026: What Defaulting Companies Must Do Next as the MCA Amnesty Window Ends (General Circular 04/2026)
  • 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

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

OTHER POSTS

  • RoDTEP Scheme Extended Till 31 December 2026: What DGFT Notification 41/2026-27 Means for Exporters
  • SEBI Accredited Investor Framework 2026: What the September 24 Board Decision Changes for Angel Funds, AIFs and Non-Resident Investors
  • FDI in Inventory-Based E-commerce for Exports: What Entry 15.2.5 of the NDI Rules (S.O. 4870(E), 2 September 2026) Now Allows
  • FEMA Export Realisation Period From October 1, 2026: Nine Months Stays, the Clock Moves to Invoice and Sale Dates (RBI Amendment of 22 September 2026)
  • Tax Audit Due Date Extended to 21 October 2026: CBDT Circular 07/2026 Moves the ITR Date to 21 November for Audited Assessees

Accredited Investor Alternative Investment Fund Annual Return AOC-4 April 2026 AY 2021-22 Budget Changes Case Law CBDT CBDT FAQ Deep-Dive CBIC CCFS 2026 Companies Act Companies Act 2013 DIN Dormant Company Due Date Extension FEMA Finance Act Foreign Exchange FY 2020-21 GST GST Council GST Return High Court Income-tax Act 2025 Income Tax Income Tax Act 2025 Income Tax Rules 2026 International Taxation ITAT MCA MCA V3 Portal MGT-7 Notification NRI Taxation RBI ROC Filing SEBI Section 44AB Startup Funding Strike Off Tax Audit 2026 TDS

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