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Income Tax

Proposed Relief for Delayed TDS/TCS Deposits

By ADV AVIJIT MANDAL 30 Aug 2026 3 min read

The 2026 Bill proposes prosecution relief where delayed TDS/TCS is deposited before the relevant statement-filing due date, subject to conditions.

#income tax #tax update

Income Tax

Upcoming Deadline: Furnishing of statement in Form No. 10-EE (Income-tax Rules, 1962) — Due 31 Aug 2026

By TAX AVIJIT 22 Aug 2026 3 min read

Form 10-EE is due by 31 August 2026 for eligible taxpayers claiming Section 89A relief on specified foreign retirement accounts

#income_tax #deadline #compliance

Income Tax

CBDT NOTIFIES FOREIGN ASSETS DISCLOSURE SCHEME, 2026

By ADV AVIJIT MANDAL 16 Aug 2026 4 min read

CBDT is verifying suspicious foreign remittances involving 394 entities and 36 professionals, highlighting the need for strong documentation and due diligence.

#income tax #tax update

Income Tax

CBDT NOTIFIES FOREIGN ASSETS DISCLOSURE SCHEME, 2026

By ADV AVIJIT MANDAL 16 Aug 2026 4 min read

FAST-DS 2026 lets eligible taxpayers regularise specified foreign assets and income, with filing open until 31 December 2026.

#income tax #tax update

Income Tax

Proposal to Extend Time for Updated ITR

By ADV AVIJIT MANDAL 06 Aug 2026 3 min read

The 2026 Bill proposes extending the Updated Return window from 48 to 60 months, giving taxpayers more time to correct omissions.

#income tax #tax update

Income Tax

New Settlement Board Proposed

By ADV AVIJIT MANDAL 03 Aug 2026 3 min read

The 2026 Bill proposes a regular Settlement Board to provide a structured mechanism for eligible tax disputes and reduce prolonged litigation.

#income tax #tax update

Income Tax

Income Tax Department Launches Foreign Assets Information (FAI) Report on Compliance Portal

By ADV AVIJIT MANDAL 16 Jul 2026 3 min read

The new FAI report lets taxpayers review foreign financial information received by India and submit feedback on discrepancies through AIS.

#income tax #tax update

Income Tax

CBDT Authorises Upload of AEOI Information in Form 168 AIS

By ADV AVIJIT MANDAL 13 Jul 2026 3 min read

CBDT has authorised AEOI information to be uploaded in AIS Form 168 within 90 days, strengthening foreign financial data reporting.

#income tax #tax update

Income Tax

Key Takeaways: Section 148 Reopening Invalid Without Live Nexus Between Seized Material and Assessee

By ADV AVIJIT MANDAL 08 Jul 2026 3 min read

Gujarat HC quashed a Section 148 notice where a broker's old register entry lacked a live nexus with the assessee.

#income tax #case law

Income Tax

Key Takeaways: Reassessment notices for AY 2015-16 issued after 1-4-2021 quashed as time-barred under TOLA.

By ADV AVIJIT MANDAL 12 May 2026 3 min read

Gujarat HC quashed reassessment notices for AY 2015-16 issued after 1-4-2021 as time-barred under amended reassessment law.

#income_tax #deadline #compliance #income tax #tax update #gst registration #compliance #GST CONSULTANT #GST ADVISIOR #TAX ADVISIOR NEAR ME #TAX CONSULTANT IN PURBA MEDINIPUR #TAX CONSULTANT IN TAMLUK #HALDIA #KHARAGPUR #MEDINIPUR #ITR #Income Tax File #compliance #business #ITR AY 2026-27 #ITR FILE #IT RETURN #INCOME TAX CONSULTANT

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