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Flash News

GSTR-3B Hard-Locking and IMS: Why GSTR-1 and the Invoice Management System Now Decide Your GST Liability

HRA 50% Exemption Now Covers 8 Cities From FY 2026-27: Bengaluru, Hyderabad, Pune and Ahmedabad Added Under the Income-tax Rules 2026

Section 80-IAC Startup Tax Holiday for FY 2025-26: How DPIIT Startups Claim the 100% Three-Year Deduction, the March 31 2030 Extension, and the Section 140 Transition Under the Income-tax Act 2025

GSTN Defers Mandatory Ship-To GSTIN and E-Way Bill Voluntary Closure to August 1, 2026: What Changes and How to Prepare

RBI Circular RBI/2026-27/98: Two FEMA Returns (R343 and R006) Move to the CIMS Portal From June 30, 2026

CBDT Compulsory Scrutiny Guidelines FY 2026-27: The Six Categories That Trigger a Section 143(2) Notice by June 30, 2026

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
Wednesday, June 17, 2026
TDS on Housing Rent
Income Tax

TDS on Housing Rent

CA Adityavikram Banka April 16, 2024

TDS on Housing Rent Applicability of TDS payment u/s 194IB & u/s 195 of the Income Tax Act in the case of housing rent payments to landlords is as bellow … Read More

Income TaxNRI TaxationTDS
Option to choose a valuation method for valuing shares rests solely with the assessee: Delhi HC
Case Law IT Income Tax

Option to choose a valuation method for valuing shares rests solely with the assessee: Delhi HC

CA Adityavikram Banka April 9, 2024

Option to choose a valuation method for valuing shares rests solely with the assessee: Delhi HC AGRA PORTFOLIO PVT. LTD. (ITA 1385/2018) Facts: 1. The appellant had allotted 3,15,000 equity … Read More

Case LawHigh CourtIncome Taxvaluation
Blume Ventures Indus Valley Report 2024 Explainer
Finance

Blume Ventures Indus Valley Report 2024 Explainer

CA Adityavikram Banka April 8, 2024

Blume Ventures Indus Valley Report 2024 Explainer a must watch for getting a deep dive into the Indian economy and how you can use it take strategic decisions for your … Read More

economyfundingindusvalleyreportstartupstrategicmanagementstrategy
Taxation of unexplained income or investment
Income Tax

Taxation of unexplained income or investment

CA Adityavikram Banka March 26, 2024

Taxation of unexplained income or investment: 1. Sec .68 of Income Tax Act– Cash Credits Where any sum is found credited in the books of an assessee maintained for any … Read More

Income TaxUnexplained Income
20% Pre deposit is not a precondition for granting a stay on Income Tax Demand – HC (Delhi)
Case Law Case Law IT Income Tax

20% Pre deposit is not a precondition for granting a stay on Income Tax Demand – HC (Delhi)

CA Adityavikram Banka March 20, 2024

20% Pre deposit is not a precondition for granting a stay on Income Tax demand: National Association Of Software And Services Companies (NASSCOM) (TS-195-HC-2024(DEL))  Observations of the Hon Delhi HC … Read More

AppealCase LawHigh CourtIncome Tax
TDS exemption is available U/S 194C in case of a declaration, even when the transporter is not the owner: ITAT Jodhpur
Case Law Case Law IT Income Tax ITAT

TDS exemption is available U/S 194C in case of a declaration, even when the transporter is not the owner: ITAT Jodhpur

CA Adityavikram Banka March 4, 2024

TDS exemption is available U/S 194C in case of a declaration, even when the transporter is not the owner: ITAT Jodhpur Adhunik Khanan VA Parivahan Theka Sahakari Samiti Limited Vs. … Read More

Case LawIncome TaxITATTDS
Subscription to database is not royalty or professional fees and so not taxable: Delhi HC
Case Law Case Law IT Income Tax

Subscription to database is not royalty or professional fees and so not taxable: Delhi HC

CA Adityavikram Banka February 29, 2024

Subscription to database is not royalty or professional fees and so not taxable: Delhi HC THE COMMISSIONER OF INCOME TAX – INTERNATIONAL TAXATION -3 Vs RELX INC Facts: 1. The … Read More

Case LawHigh CourtIncome TaxInternational TaxationPermanent Establishment (PE)
Interest on loan taken to invest in a subsidiary is allowable as a deduction: Bombay HC
Case Law Case Law IT Income Tax

Interest on loan taken to invest in a subsidiary is allowable as a deduction: Bombay HC

CA Adityavikram Banka February 24, 2024

Interest on loan taken to invest in a subsidiary is allowable as a deduction: Bombay HC PCIT Vs Videocon Industries Ltd. & Anr (Bombay High Court) (Income Tax Appeal No.434 … Read More

Case LawHigh CourtIncome Tax
Individual Residential Status as per Income Tax Act
Income Tax

Individual Residential Status as per Income Tax Act

CA Adityavikram Banka February 23, 2024

Individual Residential Status as per Income Tax Act.  Taxation of individuals in India is primarily based on their residential status in the relevant tax year. An individual is said to … Read More

Income TaxNRI TaxationResidential Status
Eligibility Criteria for listing on SME Platform of BSE
Corporate Law Finance

Eligibility Criteria for listing on SME Platform of BSE

CA Adityavikram Banka February 22, 2024

New Eligibility Criteria for listing on SME Platform of BSE.  BSE has revised its eligibility criteria for SME IPO listing on its platform from Jan 2024, bellow are some of … Read More

Corporate LawfundraisingipoSME-IPO

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Recent Posts

  • GSTR-3B Hard-Locking and IMS: Why GSTR-1 and the Invoice Management System Now Decide Your GST Liability
  • HRA 50% Exemption Now Covers 8 Cities From FY 2026-27: Bengaluru, Hyderabad, Pune and Ahmedabad Added Under the Income-tax Rules 2026
  • Section 80-IAC Startup Tax Holiday for FY 2025-26: How DPIIT Startups Claim the 100% Three-Year Deduction, the March 31 2030 Extension, and the Section 140 Transition Under the Income-tax Act 2025
  • GSTN Defers Mandatory Ship-To GSTIN and E-Way Bill Voluntary Closure to August 1, 2026: What Changes and How to Prepare
  • RBI Circular RBI/2026-27/98: Two FEMA Returns (R343 and R006) Move to the CIMS Portal From June 30, 2026

INCOME TAX

  • HRA 50% Exemption Now Covers 8 Cities From FY 2026-27: Bengaluru, Hyderabad, Pune and Ahmedabad Added Under the Income-tax Rules 2026
  • Section 80-IAC Startup Tax Holiday for FY 2025-26: How DPIIT Startups Claim the 100% Three-Year Deduction, the March 31 2030 Extension, and the Section 140 Transition Under the Income-tax Act 2025
  • CBDT Compulsory Scrutiny Guidelines FY 2026-27: The Six Categories That Trigger a Section 143(2) Notice by June 30, 2026
  • 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

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)

  • 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
  • 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

OTHER POSTS

  • GSTR-3B Hard-Locking and IMS: Why GSTR-1 and the Invoice Management System Now Decide Your GST Liability
  • HRA 50% Exemption Now Covers 8 Cities From FY 2026-27: Bengaluru, Hyderabad, Pune and Ahmedabad Added Under the Income-tax Rules 2026
  • Section 80-IAC Startup Tax Holiday for FY 2025-26: How DPIIT Startups Claim the 100% Three-Year Deduction, the March 31 2030 Extension, and the Section 140 Transition Under the Income-tax Act 2025
  • GSTN Defers Mandatory Ship-To GSTIN and E-Way Bill Voluntary Closure to August 1, 2026: What Changes and How to Prepare
  • RBI Circular RBI/2026-27/98: Two FEMA Returns (R343 and R006) Move to the CIMS Portal From June 30, 2026

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 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 MGT-7 Notification NRI NRI Taxation RBI RCM Residential Status ROC Filing Strike Off TDS

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