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GST, TDS & Income Tax Updates

Notifications, circulars and due-date changes as they are published — each one summarised in plain English and linked to the official source.

Comparison of perquisite values under Rule 3 of the Income-tax Rules 1962 and Rule 15 of the Income-tax Rules 2026
Latest article
Income Tax11 min read

Rule 3 vs Rule 15: 7 Key Changes in Salary Perquisite Valuation from Tax Year 2026-27

Rule 15 of the Income-tax Rules, 2026 replaces Rule 3 from tax year 2026-27. Key changes for company cars, meal vouchers, gifts, education and employer loans.

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Ind AS Amendment Rules 2026 changes to Ind AS 109 107 7 110 and 101
Company3 min read

Ind AS Amendment Rules 2026: Changes to Ind AS 109, 107, 7, 110 and 101 for FY 2026-27

MCA's Ind AS Amendment Rules 2026 (G.S.R. 725(E), 12 August 2026) change Ind AS 109, 107, 7, 110 and 101, mostly from periods beginning 1 April 2026.

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NFRA guidance on going concern under SA 570 Revised for audit committees
Company3 min read

NFRA Guidance on Going Concern Under SA 570 (Revised): 35 Questions Audit Committees Can Ask Auditors

NFRA's sixth Auditor–Audit Committee publication explains going concern reporting under SA 570 (Revised) and CARO, with 35 questions for audit committees.

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SEBI Settlement of Administrative and Civil Proceedings Regulations 2026 timelines and fast track
Company3 min read

SEBI Settlement Regulations 2026 Notified: New Timelines, Fast-Track Route and Minimum Settlement Amounts

SEBI's Settlement Regulations 2026 replace the 2018 rules with formula-based amounts, a 90-day window after a show cause notice and fast-track routes.

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Tax recovery officer's file with the arrest and detention option struck out, leaving attachment of property and bank accounts
Income Tax3 min read

Arrest and Detention Removed as Modes of Income-tax Recovery: Rule 225 Amended

The Income-tax (Fourth Amendment) Rules, 2026 remove arrest and detention in prison as modes of recovering tax arrears under Rule 225, from 1 April 2026.

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Export shipping containers and a GST refund document with a court gavel, showing the Rule 96(10) ruling for pending refunds
GST3 min read

Rule 96(10) Omission Applies to Pending GST Refund Cases: CBIC Accepts Supreme Court Ruling

CBIC has accepted the Supreme Court ruling that omitting Rule 96(10) applies to all pending proceedings. What it means for exporters' IGST refunds and demands.

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GSTAT departmental appeals in DGGI common adjudication cases under CBIC Circular 256/02/2026-GST
GST3 min read

GSTAT Appeals in DGGI Common Adjudication Cases: CBIC Circular 256/02/2026-GST Explained

CBIC Circular 256/02/2026-GST sets out how departmental appeals reach GSTAT in DGGI cases decided by a Common Adjudicating Authority, one appeal per taxpayer.

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ITR-BN block assessment return timeline of tax years for search cases under Income-tax Act 2025
Income Tax4 min read

ITR-BN Notified: New Block Assessment Return for Search and Requisition Cases Under the Income-tax Act, 2025

CBDT Notification 97/2026 inserts Form ITR-BN for block returns in search cases initiated on or after 1 April 2026. Tax is 60% of undisclosed income.

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ICAI 60 tax audit limit and UDIN ceiling for chartered accountants from 1 April 2026
Income Tax3 min read

ICAI 60 Tax Audit Limit: How the UDIN Ceiling Counts Reports Signed This Season

ICAI's 60 tax audit ceiling applies from 1 April 2026 and counts by signing date, so AY 2026-27 audit reports signed now count towards the FY 2026-27 limit.

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RoDTEP Scheme Extended Till 31 December 2026
Company2 min read

RoDTEP Scheme Extended Till 31 December 2026 at Existing Rates

DGFT Notification 41/2026-27 extends RoDTEP up to 31 December 2026 for DTA, Advance Authorisation, SEZ and EOU exports, with rates and caps unchanged.

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EDF filing for service exporters under RBI FEMA Export and Import Regulations 2026
Company4 min read

EDF Now Mandatory for Service Exporters: RBI's New FEMA Export Regulations from 1 October 2026

From 1 October 2026, service exporters must file an EDF within 30 days of the invoice month, and export proceeds must be realised within 9 months.

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Compliance calendar October November 2026 for GST, TDS, TCS, tax audit and ITR due dates
Income Tax5 min read

Compliance Calendar October–November 2026: GST, TDS/TCS, Tax Audit and ITR Due Dates

Key GST, TDS/TCS, tax audit and ITR due dates for October and November 2026, including the extended 21 October audit and 21 November ITR deadlines.

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