Blog

ITR Due Dates AY 2026-27: July 31 vs August 31 — Which Deadline Is Yours?

ITR-1 and ITR-2 are due 31 July 2026; ITR-3 and ITR-4 non-audit cases get till 31 August — a permanent change, not an extension. Here's what late filing costs you, including your loss carry-forward.

Old vs New Tax Regime: Which One Should You Choose for AY 2026-27?

Budget 2025 raised the new regime's tax-free limit to ₹12 lakh (₹12.75 lakh for salaried). But if your deductions under 80C, 80D, HRA, and home loan interest exceed ₹3.75-4 lakh, the old regime may still save more. Here's the full comparison.

GST 2.0: New Slabs, Zero Insurance GST, and GSTR-3B ITC Hard Locking — What Changed in 2025-26

India's GST structure moved from four slabs to three (5%, 18%, 40%) from September 2025, insurance premiums became GST-free, and from July 2026, ITC in GSTR-3B is auto-locked to GSTR-2B. Here's what it all means for taxpayers and businesses.

Test

Test

ITR-7 Excel Utility for AY 2026-27 Released: Validation Rules, Who Must File & Compliance Checklist

The Income Tax Department has released the ITR-7 Excel Utility and Validation Rules for AY 2026-27. Here's who must file, which defects block upload entirely, and how trusts should reconcile with Form 10B/10BB before filing.

CBDT Order 2026: Foreign Income to be Auto-Populated in AIS (Form No. 168)

CBDT has authorised automatic upload of AEOI foreign financial data into the Annual Information Statement (Form No. 168). Here's what gets auto-populated, why disclosure in Schedule FA is still your responsibility, and the penalties for omission.

MCA Extends CCFS-2026 to 31 August 2026: Circular 03/2026 Gives Companies Six More Weeks at 10% Additional Fees

MCA General Circular 03/2026 dated 8 July 2026 extends the Companies Compliance Facilitation Scheme (CCFS-2026) from 15 July to 31 August 2026, following the data centre fire of 5 June. Full scheme benefits, eligibility, immunity rules and action plan inside.

TCS Return Due Dates for TY 2026-27: New Form 143 Replaces 27EQ — Revised Deadlines Explained

From TY 2026-27, quarterly TCS returns must be filed in new Form 143 (replacing Form 27EQ), with deadlines extended to the month-end after each quarter — first due date 31 July 2026. Deposit deadlines stay unchanged. Full calendar, late fees, and compliance checklist inside.

ITR-5 for AY 2026-27: Complete Checklist — Who Files, Due Dates, DSC Rule & Form 3CD Reconciliation

Filing ITR-5 for your firm, LLP, AOP or trust? This AY 2026-27 checklist covers eligibility, all four due dates, presumptive taxation, the mandatory DSC rule, loss carry-forward traps, and the Form 3CD-to-ITR reconciliation that prevents Section 143(1)(a) adjustments.

Rent Above ₹50,000 Per Month? TDS Rules Under Section 194-IB Explained (Forms 26QC, 16C & NRI Rules)

Paying rent above ₹50,000/month? You must deduct 2% TDS under Section 194-IB — no TAN needed. Learn the March deduction rule, Form 26QC & 16C deadlines, per-landlord threshold, NRI landlord rules, and how HRA claims are cross-verified.

Received RSUs or ESOPs? How to File Schedule FA (AY 2026-27) Without Triggering a Tax Notice

Getting company stock from a US tech giant or MNC is a massive win—until tax season hits. Here is your ultimate, zero-stress guide to filing Schedule FA for your RSUs and foreign shares.

Can Your Boss Lowkey Slash Your PF to ₹1,800? The EPF Scheme 2026 Reality Check

Think your company can unilaterally slash your PF contributions to the statutory minimum of ₹1,800? Under the new EPF Scheme 2026, it is not that simple.

State-wise GST Settlement and Collection Breakup — June 2026

Full state/UT-wise breakup of GST settlement, SGST collections, and Centre vs State formation revenue for June 2026 — covering all 36 states and union territories.

GST Collections for June 2026: Gross Revenue Grows 13.9%, Net Collections Cross ₹1.62 Lakh Crore

India's gross GST revenue for June 2026 stood at ₹1,94,812 crore, up 13.9% YoY, while net GST collections rose 11.2% to ₹1,62,377 crore — here's the full CGST, SGST, IGST and state-wise breakup.

Residential Status Under Income Tax Act, 1961 — Complete Guide [Section 6]

Your tax liability in India depends on your residential status — not your citizenship. Learn how ROR, RNOR, and NR are determined under Section 6, with rules for individuals, HUF, companies, and more.

TNGST Virtual Personal Hearings: Complete Guidelines Under Circular No. 08/2026-TNGST

The Commissioner of Commercial Taxes, Tamil Nadu, has issued guidelines for conducting virtual personal hearings under the TNGST Act, 2017, effective 1 July 2026. Here's everything registered taxpayers and practitioners need to know.

ITR & Tax Compliance Due Dates for FY 2025–26 (AY 2026–27)

A complete compliance calendar covering all 6 statutory due dates for AY 2026-27 — from ITR filing to tax audit reports and transfer pricing obligations, with governing provisions for each.

TDS Return Due Dates for FY 2026–27 — Updated as Per IT Act 2025

Complete guide to quarterly filing deadlines, monthly challan deposit dates, new form numbers under IT Act 2025, and the full penalty matrix for FY 2026–27.

Extension of E-Way Bill Timeline: Ship To GSTIN & Voluntary Closure — Effective 1st August 2026

GSTN has extended the mandatory implementation of "Ship To GSTIN" capture and Voluntary Closure of E-Way Bill functionality to 1st August 2026 (from 15th June 2026). Here's what taxpayers, GSPs, and ERP providers need to know and do before the deadline.

Income Tax Return Filing for FY 2025-26: Don’t File Your ITR Before Checking These six Critical Things

Filing your ITR early without checking AIS, 26AS, tax regime and bank disclosures may create notices later. Read these 6 critical checks before filing your FY 2025-26 return.

STCG Tax Deductions FY 2026-27: Smart Ways to Reduce Short-Term Capital Gains Tax Legally

Learn how short-term capital gains are taxed in FY 2026-27, which deductions are allowed, and how investors can legally reduce STCG tax using loss set-off, holding-period planning and smart ITR filing strategies.

Buying Property from an NRI? TDS Rules Every Resident Buyer Must Know

Buying property from an NRI requires TDS under Section 195, not the regular 1% TDS rule. Here is a simple buyer-side explanation with a ₹2.40 crore example.

Form 29 Under Income-tax Rules, 2026: Key Compliance Guide for Amalgamated Companies

Learn the key compliance requirements of Form 29 under the Income-tax Rules, 2026, including production benchmarks, filing obligations, and tax benefits for amalgamated companies.

Mandatory ITR Filing Rules in India for FY 2025-26: Important Cases You Must Know

ITR filing is not only based on income limits. Learn the latest mandatory ITR filing rules for FY 2025-26, including foreign assets, bank deposits, TDS/TCS limits, foreign travel expenses, and business turnover conditions.

Finance Ministry Allows 7 Financial Entities to Use Aadhaar Authentication Under PMLA

The Ministry of Finance has authorised seven financial entities to use Aadhaar authentication under the PMLA framework to improve digital KYC, fraud prevention, and customer onboarding efficiency in India.

ITR Return Filing Due Dates for FY 2025-26 (AY 2026-27): Important Deadlines Every Taxpayer Should Know

Know the latest ITR filing due dates for FY 2025-26 (AY 2026-27), including deadlines for salaried individuals, businesses, companies, audit cases, and transfer pricing taxpayers along with key compliance updates.

GSTN’s New Annexure-B Offline Utility for ITC Refunds: Key Changes Every Taxpayer Should Know

GSTN has introduced a new Annexure-B Offline Utility for ITC refund applications, replacing PDF-only uploads with Excel and JSON-based filing. Learn the latest rules, GSTR-2B validation process, reporting requirements, and how businesses can avoid refund delays.

Form 35 Under Income Tax Act, 2025: Key Compliance Guide for Offshore Banking Units

Learn about Form 35 under the Income Tax Act, 2025, including applicability, filing requirements, CA certification, and deduction claims for Offshore Banking Units (OBUs) and IFSC units.

Form No. 124: New Salary TDS Declaration Form Under the Income-tax Act, 2025

Learn about Form No. 124, the new salary TDS declaration form under the Income-tax Act, 2025, applicable from 1 April 2026. Understand its purpose, eligibility, documents required, and how employees can claim deductions and exemptions through employers.

Form 71 Under the Income-tax Act, 2025: A Simple and Updated Guide

Learn what Form 71 under the Income-tax Act, 2025 means, who must file it, due dates, audit requirements, and how it affects tax exemption claims for specified funds operating through offshore banking units.

ITR-1 & ITR-4 Excel Utilities Released for AY 2026-27: Online Filing Now Live

The Income Tax Department has released the ITR-1 and ITR-4 Excel utilities for AY 2026-27 on 15 May 2026. Eligible taxpayers can now start filing income tax returns online or through the offline Excel utility for FY 2025-26.

Income Tax Department Central Action Plan 2026–27: Key Changes for Taxpayers and Professionals

The Income Tax Department’s Central Action Plan 2026–27 focuses on faster grievance redressal, reduced litigation, technology-driven compliance, and improved taxpayer services under the upcoming Income-tax Act, 2025.

Form 65: Key Facts Every Patent Royalty Taxpayer Should Know

Learn how Form 65 works under the Income-tax Act, 2025, including eligibility conditions, concessional 10% tax benefits, filing requirements, and important compliance rules for patent royalty income.

GST Refund Filing Update: Annexure-B JSON Upload Now Mandatory for ITC Refund Claims

The GST portal has introduced mandatory Annexure-B JSON upload for unutilized ITC refund claims filed through FORM GST RFD-01. Learn the latest compliance requirements, GSTR-2B reconciliation rules, and practical impact on taxpayers.

New Forms 56 to 60 Under the Income-tax Act, 2025

The Income-tax Act, 2025 introduces new Forms 56 to 60 for Master File and Country-by-Country Reporting compliance for multinational enterprise groups effective from 1 April 2026.

Regulatory Challenges Faced by Nidhi Companies in India – Incorporation & NDH-4 Approval Delays

Nidhi Companies in India are facing delays in new incorporations and NDH-4 approvals, creating uncertainty in business continuity, deposits, lending, and compliance operations.

Form 41 for Non-Residents in India: DTAA Rules, Filing Process & 2026 Updates

Learn everything about Form 41 under the Income-tax Act, 2025, including DTAA benefits, filing requirements, TRC rules, PAN exemption, and online filing process for non-residents in India.

New Income Tax Rules for High-Value Transactions: SFT Reporting Explained

Learn how the SFT reporting framework helps the Income Tax Department track high-value financial transactions, improve tax transparency, and detect income mismatches through PAN, AIS, and ITR data.

GST Collections April 2026: Strong Growth with Import-Driven Surge

India’s GST collections for April 2026 reached ₹2.42 lakh crore, driven largely by strong import growth while domestic demand remained stable.

Form 164 Explained: Complete Compliance Guide Under Income-tax Act, 2025

A clear and updated guide to Form 164 covering applicability, reporting requirements, due dates, and compliance impact under the Income-tax Act, 2025.

Form 14 Under Income-tax Act 2025: Complete Guide to DSIR Approval & R&D Tax Deduction

A clear and updated guide to Form 14 under the Income-tax Act, 2025, explaining DSIR approval, compliance steps, and how companies can claim R&D tax deductions correctly.

Form No. 183 Under Section 49 – Complete Compliance Guide for Oil & Gas Assessees

A concise guide explaining Form No. 183, its applicability under Section 49, filing requirements, and key compliance rules for oil and gas businesses in India.

Income Tax Rules for Post Office Transactions in 2026: What You Must Know

Understand the latest verified Income Tax rules for post office transactions, including PAN requirements, forms, and reporting obligations. Stay compliant with accurate and updated information.

Form 185 Explained: New PF Reporting Rules Under Income-tax Rules 2025

Form 185 introduces a structured reporting system for recognised provident funds under the Income-tax Rules, 2025, improving transparency and tax compliance.

Aadhaar is Not Proof of Date of Birth: What You Need to Know in 2026

UIDAI has clarified that Aadhaar is not proof of date of birth. Learn which documents are valid for DOB and where Aadhaar cannot be used alone in 2026.

Patent Royalty Taxation in India (2026): 10% Tax Benefit Explained Clearly

Understand how patent royalty income is taxed in India under Section 115BBF, including eligibility, 10% tax benefits, and key compliance requirements.

Form 25 for Medical Professionals: Complete Compliance Guide for AY 2026–27

A simple and updated guide on Form 25 requirements for medical professionals, including applicability, daily maintenance, and compliance rules under Income-tax Rules, 2026.

Additional Employee Cost Deduction under Section 80JJAA – Complete and Updated Guide

Learn how businesses can claim a 30% tax deduction on additional employee cost under Section 80JJAA, along with eligibility conditions, compliance requirements, and key rules.

Form 101 Inventory Valuation Report (2026): Complete Guide with Key Rules and Insights

Learn everything about Form 101 under the Income-tax Rules, 2026, including its purpose, applicability, and how it impacts inventory valuation during tax assessments.

GST IMS Offline Tool (2026): Smarter Bulk Invoice Management for Faster Compliance

Learn how the GST IMS Offline Tool helps businesses process invoices in bulk, improve ITC accuracy, and simplify compliance with offline Excel-based workflow.

Tax Audit Rules in India 2026: Latest Limits, Conditions & Key Insights

A clear and updated guide to tax audit applicability under Section 44AB, covering turnover limits, cash rules, and presumptive taxation for 2026.

Income Tax Clearance Certificate (ITCC) for Foreign Travel: Latest Rules Explained (2026)

Do you need an ITCC before travelling abroad? Here’s the latest 2026 update—who needs it, who doesn’t, and what the law actually says.

Form 163 (2026): Complete & Updated Compliance Guide for Indian Concerns

A concise and accurate guide to Form 163 under Income-tax Rules, 2026, covering applicability, timelines, filing process, and documentation requirements for Indian concerns.

Foreign Remittance Compliance (Form 145 & 146) – Complete 2026 Guide

Understand the updated foreign remittance compliance rules in India for 2026, including when Form 145 and Form 146 are required and how to avoid common mistakes.

Form 66 Explained: Latest and Accurate Guide Under Indian Income-tax Law (2026)

A complete and up-to-date guide on Form 66, its applicability under the Tonnage Tax Scheme, and how it differs from MAT reporting requirements.

Big GST Update: Interest Re-Computation Enabled in GSTR-3B Table 5.1

GSTN has introduced a re-compute interest feature in GSTR-3B Table 5.1 to fix incorrect interest calculations for March 2026 filings. Taxpayers should review and update interest using the system-generated PDF.

GST Portal Glitch: Missing Invoices in GSTR-2B Explained (April 2026 Update)

A recent GST portal glitch caused March 2026 invoices to go missing in GSTR-2B. Here’s what happened, who is affected, and what actions taxpayers should take.

NDH-3 Filing Reminder: Nidhi Companies Must File by 30 April 2026

The MCA has reminded all registered Nidhi companies to file Form NDH-3 for the half-year ended March 2026 by 30 April 2026. Timely filing is essential to avoid penalties, late fees, and regulatory scrutiny.

TRACES 2.0 Explained: Complete Guide to TDS/TCS Compliance (2026 Update)

A clear and practical guide to TRACES 2.0, covering its features, usage, and real impact on TDS/TCS compliance in 2026.

GST Appeal Update 2026: Editable Pre-Deposit in APL-01 – A Game-Changing Relief for Taxpayers

GSTN has introduced a major update allowing editable pre-deposit in APL-01 from April 2026. Learn what has changed, what remains the same, and how to file appeals correctly.

Form No. 143 (TCS Return): Complete Practical Guide for 2026 with Latest Compliance Rules

Form No. 143 is the new TCS return under the Income-tax Act, 2025 effective from 1 April 2026. This guide explains applicability, filing rules, transition from Form 27EQ, and key compliance points.

e-Pay Tax Portal Update (April 2026): 7 Key Things Every Taxpayer Must Know

Understand the latest e-Pay Tax portal update (April 2026), including Income-tax Act 1961 vs 2025 selection, rules, and how to avoid filing mistakes.

Form FN-110 for NGOs – Real Position in 2026 (Important Reality Check)

Confused about Form FN-110 for NGOs? Here’s the correct and updated legal position as of April 2026 what is applicable and what is not.

TAN Application Update: What is Actually Correct (Latest 2026 Clarity)

Clear and accurate update on TAN application rules, confirming that Form 49B remains valid and no new forms or rules are officially implemented yet.

Form 32 Compliance Guide 2026: Complete & Critical Rules Every Business Must Know

A complete and updated guide on Form 32 under the Income-tax Act, 2025, covering eligibility, due dates, key sections, and compliance risks for FY 2026-27.

Non-Resident TDS (FY 2026–27): Complete Guide to Section 195, DTAA & Compliance

Understand Non-Resident TDS under Section 195 for FY 2026–27, including taxability rules, DTAA benefits, applicable rates, and compliance requirements.

Form 141 Explained: A Complete Guide to Simplifying TDS Compliance (2026 Update)

Form 141 is a new unified TDS filing system under the Income-tax Act, 2025 that simplifies compliance for individuals and HUFs by combining multiple forms into one.

Form No. 121: The New 15G & 15H — What Your Bank's Reminder Really Means

Banks are sending reminders about Form 15G and 15H — but the rules have changed. Under the new Income Tax Act 2025, both forms are now merged into Form No. 121. Here's everything you need to know.

GST IMS Offline Utility Explained Simply (2026): A Complete Guide to Smarter ITC Reconciliation

A clear and updated guide to the GST IMS Offline Utility, explaining how it helps businesses manage invoice actions, improve ITC reconciliation, and reduce dependency on the GST portal.

Form 104 Explained: A Simpler & Faster NPO Registration Process in India (2026)

Form 104 is the new simplified provisional registration form for NPOs under the Income-tax Act, 2025. Learn eligibility, documents, process, and key updates effective from April 2026.

Understanding India’s New Income-tax Act, 2025: Key Changes from April 2026

A simple and clear overview of India’s Income-tax Act, 2025, highlighting key changes, implementation from April 2026, and its impact on taxpayers.

LLP vs Partnership Firm in India: Key Differences Explained (2026)

Understand the key differences between LLP and Partnership Firm in India, including liability, legal status, compliance, and which structure is best for your business in 2026.

Who Must File an Income Tax Return in India? Complete Guide for FY 2025-26

Not sure if you need to file an ITR this year? From basic exemption limits to high-value transaction triggers, this complete guide covers every scenario that makes ITR filing mandatory in India for FY 2025-26.

Gross and Net GST revenue collections for the month of Mar, 2026

Public Provident Fund (PPF) 2026

A simple guide to PPF in 2026—understand benefits, tax savings, rules, and how ₹1.5 lakh yearly investment can grow into ₹66.58 lakh with compounding.

Uploading is NOT Communication Under GST – Key High Court Ruling Explained

Uploading a notice on the GST portal is not considered valid communication. The Allahabad High Court ruled that the appeal limitation period starts only when the order is properly communicated to the taxpayer, ensuring protection of taxpayer rights and fairness in GST proceedings.

Senior Citizens (60 to 80 & 80+) – New Tax Rules from April 2026 You Must Know

New Income-tax Act rules from April 2026: higher ITR exemption limits, zero tax up to ₹12 lakh (new regime), no advance tax for many seniors, TDS relaxations, and extended deadlines for senior citizens.

How to Save Income Tax Under Section 80C in 2026

To maximize your tax savings in 2026, you must opt for the Old Tax Regime to claim up to ₹1.5 Lakh in deductions under Section 80C through investments like ELSS and PPF, or existing expenses like tuition fees. You can further boost these savings with an additional ₹50,000 deduction by investing in the National Pension System (NPS) under Section 80CCD(1B).