Skip to content
  • Home
  • Categories
    • Finance
    • Income Tax
    • Corporate Law
    • Case Law
    • GST
  • Resources
  • Contact Us

TAX UPDATE INDIA

Latest Tax Updates, News, Articles & Notifications

  • Home
  • Categories
    • Finance
    • Income Tax
    • Corporate Law
    • Case Law
    • GST
  • Resources
  • Contact Us

Flash News

EDF for Export of Services Up to Rs 10 Lakh: RBI’s Second Amendment Deems Filing and Narrows IDPMS Reporting for Service Imports

SEBI Accredited Investor Circular of 5 November 2026: Manager-Led Accreditation, Three-Year Validity and the Rs 5 Crore Exposure Test

GST Registration Changes From 1 November 2026: Automatic Amendments, Portal Cancellation and E-commerce Warehouse Registration (Notification 05/2026-Central Tax)

AOC-4 and MGT-7 Without Additional Fees for FY 2025-26: MCA General Circular 05/2026 Allows Filing Till 31 December 2026 and 31 January 2027

Post-Sale Discount Under GST From 1 November 2026: New Section 15(3)(b) Drops the Prior-Agreement Condition, Credit Note and ITC Reversal Now Decide It

GST Refund Rules From 1 November 2026: 10-Day Acknowledgement, Portal Provisional Refund and New Inverted Duty Formula (Notification 05/2026-Central Tax)

FEMA Compounding Application 2026: RBI Circular 28 Moves ODI, ECB and Guarantee Cases to Regional Offices

SEBI Accredited Investor Amendment 2026: What the AIF (Third Amendment) Regulations Change From 15 October 2026

SEBI Monitoring Agency Consultation Paper 2026: Mandatory Monitoring Agency for Every Issue, Direct Reporting to Exchanges and Promoter Demat Freeze Proposed

RBI FERR FAQs October 2026: Which Forex Hedges Attract the 20% Foreign Exchange Risk Reserve and Which Do Not

Friday, November 06, 2026

Tag: Ease of Doing Business

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

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

CA Adityavikram Banka June 23, 2026

SEBI’s GARUDA mechanism (June 19, 2026) lets AIF schemes launch in 10 working days, with accredited-investor and angel funds going near-instant. What changes and how to prepare.

Accredited InvestorAIFAIF Master Circular 2026Alternative Investment FundsAngel FundsEase of Doing BusinessGARUDA MechanismPrivate Placement MemorandumSEBISEBI Board Meeting 2026

Recent Posts

  • EDF for Export of Services Up to Rs 10 Lakh: RBI’s Second Amendment Deems Filing and Narrows IDPMS Reporting for Service Imports
  • SEBI Accredited Investor Circular of 5 November 2026: Manager-Led Accreditation, Three-Year Validity and the Rs 5 Crore Exposure Test
  • GST Registration Changes From 1 November 2026: Automatic Amendments, Portal Cancellation and E-commerce Warehouse Registration (Notification 05/2026-Central Tax)
  • AOC-4 and MGT-7 Without Additional Fees for FY 2025-26: MCA General Circular 05/2026 Allows Filing Till 31 December 2026 and 31 January 2027
  • Post-Sale Discount Under GST From 1 November 2026: New Section 15(3)(b) Drops the Prior-Agreement Condition, Credit Note and ITC Reversal Now Decide It

INCOME TAX

  • India-Mauritius DTAA Principal Purpose Test 2026: What CBDT Notification 135/2026 and the New Article 27B Mean for Mauritius Investors
  • Penalty Waiver Under Section 440 of the Income-tax Act 2025: CBDT Notification 134/2026 Brings the New Form 161 for Misreporting Cases
  • 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

Corporate Law

  • AOC-4 and MGT-7 Without Additional Fees for FY 2025-26: MCA General Circular 05/2026 Allows Filing Till 31 December 2026 and 31 January 2027
  • SEBI Monitoring Agency Consultation Paper 2026: Mandatory Monitoring Agency for Every Issue, Direct Reporting to Exchanges and Promoter Demat Freeze Proposed
  • SEBI SME IPO Consultation Paper 2026: Rs 1,000 Crore Market Cap Test, Rs 3 Crore Profit and One-Share Trading Lot Proposed
  • 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)

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 Registration Changes From 1 November 2026: Automatic Amendments, Portal Cancellation and E-commerce Warehouse Registration (Notification 05/2026-Central Tax)
  • Post-Sale Discount Under GST From 1 November 2026: New Section 15(3)(b) Drops the Prior-Agreement Condition, Credit Note and ITC Reversal Now Decide It
  • GST Refund Rules From 1 November 2026: 10-Day Acknowledgement, Portal Provisional Refund and New Inverted Duty Formula (Notification 05/2026-Central Tax)
  • 57th GST Council Recommendations (8 October 2026): Withdrawal of Arrest Powers, Rs 5 Crore Prosecution Threshold, Faster Refunds and Wider ITC
  • 57th GST Council Meeting on September 12, 2026: Agenda, Registration Reform and How Businesses Should Prepare

OTHER POSTS

  • EDF for Export of Services Up to Rs 10 Lakh: RBI’s Second Amendment Deems Filing and Narrows IDPMS Reporting for Service Imports
  • SEBI Accredited Investor Circular of 5 November 2026: Manager-Led Accreditation, Three-Year Validity and the Rs 5 Crore Exposure Test
  • GST Registration Changes From 1 November 2026: Automatic Amendments, Portal Cancellation and E-commerce Warehouse Registration (Notification 05/2026-Central Tax)
  • AOC-4 and MGT-7 Without Additional Fees for FY 2025-26: MCA General Circular 05/2026 Allows Filing Till 31 December 2026 and 31 January 2027
  • Post-Sale Discount Under GST From 1 November 2026: New Section 15(3)(b) Drops the Prior-Agreement Condition, Credit Note and ITC Reversal Now Decide It

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

Categories

GET IN TOUCH

[email protected]

TaxUpdate.in by

A S Banka Advisors Private Limited

106, Aditya Heritage, Mindspace,

Malad West, Mumbai – 400064.

  • Terms of Service
  • Privacy Policy
  • Contact Us
Proudly powered by WordPress | Theme: TimesNews | By Theme Freesia.
Terms of Service

Never Miss a Tax Deadline Again

Get weekly regulatory updates, filing deadline reminders, and compliance insights delivered to your inbox. Stay ahead of FEMA, RBI, and Income Tax changes.
Invalid email address
TaxUpdate.in - No spam, unsubscribe anytime.
Thanks for subscribing!