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Insights, articles and updates from our practice

All (9) GST (2) Income Tax (7)
CBDT Introduces New TDS Reporting for Property Bought from Non-Residents
Income Tax

CBDT Introduces New TDS Reporting for Property Bought from Non-Residents

By Srikanth Sagar & Associates 28 Sep 2026 3 min read

From 1 October 2026, resident Individuals and HUFs buying property from non-residents can report TDS through new Schedule E of Form 141

#TDS #TDS on Property Purchase #NRI Property Sale #Non-Resident Seller #Property Purchase from NRI #Form 141 #Schedule E #Schedule B #CBDT #CBDT Notification 121/2026 #Income Tax 2026 #Income Tax Rules 2026 #TDS Compliance #NRI Taxation #Immovable Property #Property TDS #Section 393 #Section 397 #Income Tax Act 2025 #Tax Compliance #Direct Tax #Chartered Accountant #Tax Updates #Hyderabad CA #NRI Tax Services
Income Tax Recovery: Arrest & Detention Provisions Removed
Income Tax

Income Tax Recovery: Arrest & Detention Provisions Removed

By Srikanth Sagar & Associates 19 Sep 2026 3 min read

CBDT removes arrest and detention from income-tax recovery rules under Rule 225, effective retrospectively from 1 April 2026.

#Income Tax #Income Tax Recovery #Tax Recovery #Tax Arrears #Rule 225 #Income-tax Rules 2026 #CBDT #CBDT Notification #Tax Demand #Arrest and Detention #Tax Law Update #Income Tax Act #Tax Compliance #Direct Tax #Tax Litigation #Recovery Proceedings #Income Tax Rules #Finance Act #Taxpayer Rights #Indian Tax Updates #Chartered Accountant #CA Tax Updates
Key Takeaways: FD interest of charitable trust taxable as revenue income absent specific donor direction for corpus treatment
Income Tax ★ Featured

Key Takeaways: FD interest of charitable trust taxable as revenue income absent specific donor direction for corpus treatment

By Srikanth Sagar & Associates 11 Sep 2026 3 min read

Madras HC held that FD interest of a charitable trust is revenue income unless a specific donor direction provides for corpus treatment.

#Charitable Trust #FD Interest #Fixed Deposit Interest #Section 11(1)(d) #Income Tax Act #Corpus Donation #Corpus Fund #Charitable Institutions #Tax Exemption #Trust Taxation #Income Tax #Charitable Trust Taxation #Madras High Court #Income Tax Judgments #Tax Case Law #Application of Income #Diversion by Overriding Title #Donor Direction #Tax Compliance #Indian Income Tax
Key Takeaways: Form 3CL Applications Cannot Be Rejected as Delayed Where Form 3CLA Was Filed Within Due Date
Income Tax

Key Takeaways: Form 3CL Applications Cannot Be Rejected as Delayed Where Form 3CLA Was Filed Within Due Date

By Srikanth Sagar & Associates 08 Sep 2026 4 min read

Punjab & Haryana HC holds that mere GST portal upload may not constitute effective service in certain cases or trigger appeal limitation.

#GST #GST Portal #GST Notice #GST SCN #GST Service of Notice #GST Appeal Limitation #CGST Act #Section 169 CGST Act #Section 107 CGST Act #Section 146 CGST Act #GST Litigation #GST Case Law #GST Compliance #GST Taxpayer Rights #Natural Justice #Ex Parte GST Order #GST Adjudication #Punjab & Haryana High Court #Gugal Electrical and Engg. Works #GST Legal Update #GST Updates #Tax Litigation #Indirect Tax #Chartered Accountant #GST Advisory
Upcoming Deadline: Summary of outward supplies where turnover exceeds Rs.5 crore or have not chosen the QRMP scheme for the quarter of Jul - Sep, 26 — Due 11 Sep 2026
GST

Upcoming Deadline: Summary of outward supplies where turnover exceeds Rs.5 crore or have not chosen the QRMP scheme for the quarter of Jul - Sep, 26 — Due 11 Sep 2026

By Srikanth Sagar & Associates 07 Sep 2026 4 min read

GSTR-1 for August 2026 is due on 11 September for monthly filers. QRMP taxpayers file July–September 2026 GSTR-1 by 13 October

#GST #GSTR-1 #GSTR-1 September 2026 #GST Return Filing #GST Compliance #GST Due Dates #September 2026 GST Due Date #GSTR-1 Due Date #Outward Supplies #QRMP Scheme #GST Monthly Return #GST Quarterly Return #GST Tax Compliance #GST Filing 2026 #GST Turnover Limit #GST Registration #Indian GST #GST Returns #Business Tax Compliance #GST Advisory
Proposal to Extend Time for Updated ITR
Income Tax ★ Featured

Proposal to Extend Time for Updated ITR

By Srikanth Sagar & Associates 23 Aug 2026 3 min read

Proposed changes may extend the Updated ITR filing window from 48 to 60 months, giving taxpayers more time to disclose missed income

#income tax #tax update
CBDT NOTIFIES FOREIGN ASSETS DISCLOSURE SCHEME, 2026
Income Tax ★ Featured

CBDT NOTIFIES FOREIGN ASSETS DISCLOSURE SCHEME, 2026

By Srikanth Sagar & Associates 22 Aug 2026 3 min read

CBDT has notified the Foreign Assets of Small Taxpayers - Disclosure Scheme, 2026, providing a compliance opportunity for eligible taxpayers to disclose specified foreign assets and income.

#income tax #foreign remittance #CBDT #Form 15CB #Form 146 #tax compliance #international tax #tax update
Foreign Remittances Under IT Scanner
Income Tax ★ Featured

Foreign Remittances Under IT Scanner

By Srikanth Sagar & Associates 22 Aug 2026 4 min read

CBDT has notified the Foreign Assets of Small Taxpayers - Disclosure Scheme, 2026, providing eligible taxpayers an opportunity to disclose specified foreign assets and income.

#income tax #foreign assets #CBDT #foreign income #disclosure scheme #tax compliance #undisclosed foreign assets #international tax #tax update
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