Fraud Advisory for Auditors on Govt. Schemes & Dormant A/c In today’s evolving financial ecosystem, fraud risks are becoming increasingly sophisticated, particularly in areas involving government-sponsored schemes and dormant bank… Read More
Compulsory disclosure of taxpayer Bank Balances in ITR‑4 CBDT has introduced a significant compliance requirement via Notification No. 45/2026 dated 30 March 2026. Earlier ITR fillings were required; only bank… Read More
CBDT Introduces New Procedure for PAN Correction In a parallel development under the new income tax framework, the Central Board of Direct Taxes has issued an important order prescribing a… Read More
Overview of China's Tax System vs. India's Tax System Overall Structure Framework India: Federal dual-tax model, Center + state powers, and Multi-layer compliance ecosystem China: Centralized unitary system, uniform enforcement,… Read More
Key Tax Deducted at Source Compliance Issues under Section 194T Section 194T significantly increases compliance rigor by imposing gross-based, real-time Tax Deducted at Source obligations, creating structural mismatches with income… Read More
Income Tax Return Due Dates for FY 2025‑26 (AY 2026‑27) Timely filing of an income tax return ensures avoidance of late fees, interest, and loss of carry‑forward benefits and helps… Read More
MCA Introduces Companies Compliance Facilitation Scheme, 2026 (CCFS‑2026) The MCA has introduced the Companies Compliance Facilitation Scheme, 2026 (CCFS‑2026) to provide companies with a one‑time opportunity to regularize pending ROC… Read More
TDS on Purchase of Immovable Property – Filing Impact of Form 141 The CBDT introduced a new form, 141, under the Income‑Tax Act, effective 1 April 2026. The essence is… Read More
MCA Filing Calendar – Key Compliance Due Dates (FY 2025‑26) MSME‑1 (Half‑Yearly Return) : Half‑Yearly Return filling Purpose: Disclosure of outstanding payments to MSME suppliers and Applicability: All companies having… Read More
Form 26 (Tax Audit Report) under the Income Tax Rules, 2026 The new Form No. 26, introduced under the Income‑Tax Rules, 2026, represents a major structural overhaul of tax audit reporting.… Read More