Courts are divided on whether Input Tax Credit can be denied to a bona fide recipient due to supplier non-payment. The issue raises serious concerns of arbitrariness and constitutional validity under Article 14.
AIS analytics now detect non-filers where pension and interest income exist. Voluntary filing through ITR-U helps avoid notices under Sections 142(1) and 148, saving professional costs and compliance burden.
Misreporting under Section 270A(9) applies only to six specific circumstances. Where the assessment order does not clearly establish that the case falls within those clauses, the enhanced 200% penalty becomes legally vulnerable.
The March 2026 compliance schedule lists important due dates for GST returns, TDS filings, advance tax, FEMA reporting and CSR spending. Businesses must track multiple deadlines between 2 March and 31 March 2026.
Rule 233 defines when electronic notices are deemed authenticated and empowers the Systems Directorate to specify designated emails, websites, and security standards.
Rule 232 specifies permissible physical and electronic addresses for serving notices under section 501 and mandates secure digital transmission standards by the Systems Directorate.
Rules 226–231 of the Draft Income-tax Rules, 2026 specify powers of Tax Recovery Officers, tax clearance procedures, refund claims, and immunity applications, ensuring procedural clarity and compliance.
Rule 225 prescribes a comprehensive framework for recovery of tax arrears, covering attachment, sale, arrest, appeals, and time limits to ensure legally structured enforcement.
Rules 221 to 224 specify mandatory forms for accountant certificates, notice of demand, advance tax estimates, and recovery statements to standardize compliance under the Income-tax Act.
Rule 220 requires structured filing of Form 145 for payments to non-residents, prescribes exemptions for specified remittances, and mandates quarterly reporting by authorised dealers and IFSC units.
