Updated 22 September 2026. The Income Tax e-Filing ecosystem is continuing its phased transition to the Income-tax Act, 2025 and Income Tax Rules, 2…
Short answer: For FY 2025-26 (AY 2026-27), a normal business with turnover below ₹10 crore is not required to undergo tax audit under Section 44AB(…
Last reviewed: 14 September 2026. Answer first: The second instalment of advance tax for Tax Year 2026-27 is due on 15 September 2026 . Under secti…
Last reviewed: 11 September 2026. Quick answer: The Income Tax Department has continued updating return-filing utilities for AY 2026-27. The Common …
Last reviewed: 11 September 2026. Answer first: The Foreign Assets of Small Taxpayers – Disclosure Scheme, 2026 gives eligible taxpayers a one-time …
Last reviewed: 11 September 2026. Answer first: For AY 2026-27 , the Income Tax Department states that the tax-audit report due date is 30 September…
Last reviewed: 28 August 2026. Answer first: The Income-tax Act, 2025 came into force on 1 April 2026 . It governs Tax Year 2026-27 onward, while th…
Answer first: From Tax Year 2026-27, the application for a lower or …
Answer first: GSTN introduced production changes from 1 August 2026 affecting the e-Invoice API, e-Way Bill by IRN API and a new volunt…
Last reviewed: 25 August 2026. Answer first: If a Delhi ISD receives an IGST invoice and distributes that credit to another Delhi branch, the cre…