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Flash News

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

RBI A.P. (DIR Series) Circular 19 of 2026: One Consolidated Rulebook for Special Rupee Vostro Accounts (SRVA)

GSTN Advisory 668: The August 1, 2026 e-Way Bill Changes Are On Hold (Ship-To GSTIN and Closure Facility Deferred)

FEMA (Authorised Persons) Regulations 2026: How RBI Notification FEMA 401/2026-RB Overhauls Forex Licensing

CBDT Notification 80/2026: No TDS on Specified Payments to IFSC Units From April 1, 2026 (Form 1(N) Explained)

GSTN Advisory No. 666: The FY 2025-26 AATO Amendment Window Closes July 31, 2026 (and GST Turnover Now Auto-Updates)

Foreign Assets Now Appear in Your AIS: How to Reconcile AEOI Data and Schedule FA Before Filing AY 2026-27 (CBDT Order Dated 8 July 2026)

CCFS-2026 Extended to August 31, 2026: How Companies Can Still Clear Pending ROC Filings at 10% Additional Fees (MCA General Circular 03/2026)

Cost Inflation Index FY 2026-27 Notified at 384: How CBDT Notification S.O. 3889(E) Changes Your Capital Gains Tax

Wednesday, August 05, 2026

Tag: Belated Return

ITR Due Date August 31, 2026: Who Gets the Extra Month and What It Costs If You Missed July 31
Income Tax MSME

ITR Due Date August 31, 2026: Who Gets the Extra Month and What It Costs If You Missed July 31

CA Adityavikram Banka August 4, 2026

The Finance Act 2026 created a permanent 31 August due date for non-audit business and professional income. Who qualifies, who was due 31 July, and the cost of filing late.

Belated ReturnFinance Act 2026ITR Due Date August 31 2026ITR Filing AY 2026-27ITR-3ITR-4Loss Carry ForwardSection 139(1)Section 234F Late FeeSection 44AB Tax Audit Comment on ITR Due Date August 31, 2026: Who Gets the Extra Month and What It Costs If You Missed July 31

Recent Posts

  • 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
  • RBI A.P. (DIR Series) Circular 19 of 2026: One Consolidated Rulebook for Special Rupee Vostro Accounts (SRVA)
  • GSTN Advisory 668: The August 1, 2026 e-Way Bill Changes Are On Hold (Ship-To GSTIN and Closure Facility Deferred)
  • FEMA (Authorised Persons) Regulations 2026: How RBI Notification FEMA 401/2026-RB Overhauls Forex Licensing

INCOME TAX

  • ITR Due Date August 31, 2026: Who Gets the Extra Month and What It Costs If You Missed July 31
  • CBDT Notification 80/2026: No TDS on Specified Payments to IFSC Units From April 1, 2026 (Form 1(N) Explained)
  • Foreign Assets Now Appear in Your AIS: How to Reconcile AEOI Data and Schedule FA Before Filing AY 2026-27 (CBDT Order Dated 8 July 2026)
  • Cost Inflation Index FY 2026-27 Notified at 384: How CBDT Notification S.O. 3889(E) Changes Your Capital Gains Tax
  • No TDS on Aircraft and Ship Lease Rent Paid to IFSC Units: CBDT Notification 74/2026 and 75/2026

Corporate Law

  • 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
  • CCFS-2026 Extended to August 31, 2026: How Companies Can Still Clear Pending ROC Filings at 10% Additional Fees (MCA General Circular 03/2026)
  • AS 22 Amendment 2026: No Deferred Tax on OECD Pillar Two Global Minimum Tax, New Disclosures for Indian Companies
  • RBI’s New ECB Rules 2026: How Much Foreign Debt Your Company Can Raise Under the USD 1 Billion and 300% Net Worth Ceiling

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)

  • 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
  • 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

OTHER POSTS

  • 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
  • RBI A.P. (DIR Series) Circular 19 of 2026: One Consolidated Rulebook for Special Rupee Vostro Accounts (SRVA)
  • GSTN Advisory 668: The August 1, 2026 e-Way Bill Changes Are On Hold (Ship-To GSTIN and Closure Facility Deferred)
  • FEMA (Authorised Persons) Regulations 2026: How RBI Notification FEMA 401/2026-RB Overhauls Forex Licensing

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 Dormant Company Due Date Extension FEMA Finance Act Foreign Exchange FY 2020-21 GST GST Compliance 2026 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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