Income Tax

The Karnataka High Court on 7 July stated that a person who is not an applicant or any concerned tax authority in an advance ruling preceding cannot contest the ruling under Article 226 of the Constitution, as such rulings are binding only on the parties to the proceeding. A Division Bench of Justices S.G. Pandit…

Introduction The GST Compliance Calendar August 2026 provides a comprehensive overview of the important GST due dates that taxpayers should keep track of during the month. In this blog, you will find the due dates, applicability, filing requirements, and key compliance details for GSTR-1, GSTR-3B, GSTR-7, GSTR-8, GSTR-5, GSTR-5A, GSTR-6, IFF, and PMT-06.   Staying…

Section 68 Cannot Be Invoked Mechanically: Gujarat High Court Says One-to-One Matching of Bank Credits with Sales Is Not Mandatory   Assessing Officer Must Give Cogent Reasons Before Treating Business Receipts as Unexplained Cash Credits Section 68 of the Income-tax Act is one of the most frequently invoked provisions during assessments and reassessment proceedings. Whenever…

Introduction The TDS and TCS Compliance Calendar August 2026 highlights all the important due dates for depositing tax deducted or collected in July 2026, issuing TDS certificates, and completing statutory filing requirements under the Income Tax Act, 2025. Timely compliance with TDS and TCS provisions is essential for businesses, employers, government offices, and other deductors…

The Directorate General of Taxpayer Services (DGTS), Mumbai Zonal Unit, in collaboration with the CGST & Central Excise, Belapur Commissionerate, organised a Hybrid Seminar-cum-Webinar on GST in Real Estate and Works Contracts: Compliance Challenges, Practical Solutions, and Recent Updates on July 15, 2026. The event brought together builders, developers, contractors, tax professionals, representatives from trade…

Introduction The Income Tax Compliance Calendar August 2026 highlights the important statutory due dates for Income Tax Return (ITR) filing applicable during the month. Staying updated with these deadlines enables taxpayers to fulfil their tax obligations on time, avoid interest and late fees, and remain compliant with the provisions of the Income Tax Act, 2025….

The Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has introduced a clear framework allowing homebuyers to reclaim the Goods and Services Tax (GST) paid on flat bookings that are later cancelled or terminated. The Root of the Problem In standard real estate transactions, developers collect GST from buyers based on rates established by the central…

Receiving a GST show cause notice (SCN) can be a significant concern for businesses dealing with India’s Goods and Services Tax (GST) compliance requirements. In a recent ruling, the Madras High Court clarified that GST authorities are not required to conclusively establish fraud before issuing a show cause notice under Section 74 of the CGST…

Introduction The LLP Compliance Calendar August 2026 provides a comprehensive overview of the key statutory and tax compliances that Limited Liability Partnerships (LLPs) should monitor during the month. It covers important due dates for GST returns, TDS payments, PF and ESI contributions, and other applicable compliance requirements under the Income Tax Act, 2025, CGST Act,…

Introduction The OPC Compliance Calendar August 2026 provides a comprehensive overview of the key statutory and tax compliances that One Person Companies (OPCs) need to complete during the month. It covers important due dates for GST returns, TDS payments, PF and ESI contributions, QRMP compliances, and other applicable filings to help OPCs remain compliant with…