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Top 5 Common ITR Filing Mistakes in 2026 to Avoid Notices, Refund Delays & Defective Returns

May 28, 2026 573 Views 0 comment Print

Selecting the incorrect ITR form may lead to defective returns, revision requirements, and tax notices. Taxpayers should verify the correct form based on income type before filing.

May 2026 GST Related Advisories and Updates

May 28, 2026 8583 Views 0 comment Print

The government has notified the Principal Bench of GSTAT as the National Appellate Authority for resolving conflicting state advance rulings. The update streamlines dispute resolution under Section 101A with retrospective effect from 1 April 2026.

SC’s Landmark Judgment on Modification of Arbitral Awards: Progress with Persistent Ambiguities

May 28, 2026 495 Views 0 comment Print

A Constitution Bench held that courts can modify arbitral awards in limited situations such as correcting manifest errors and severable portions of awards. The ruling recognised an implied power under Section 34 of the Arbitration Act.

June 2026 Tax Compliance Deadlines for Income Tax and GST

May 28, 2026 247179 Views 4 comments Print

The compliance tracker lists major due dates for TDS, advance tax, GST returns, QRMP filings, and other statutory obligations for June 2026. It provides timelines for taxpayers, ISDs, e-commerce operators, and business trusts.

GST Appeals: What Constitutes ‘Communication’ After Bambino Agro Decision

May 28, 2026 498 Views 0 comment Print

The Allahabad High Court held that mere uploading of an adjudication order on the GST portal does not automatically trigger limitation for filing appeals. Actual or legally recognized communication is necessary before limitation can commence.

Crypto Currency Functions & Regulations and Regulatory Body & Indian Law

May 28, 2026 414 Views 0 comment Print

The article analyses how cryptocurrencies function through decentralized blockchain systems and examines the risks arising from limited regulation in India. It also explains taxation provisions applicable to Virtual Digital Assets.

Received Capital Gain Tax Notice? Step-by-Step Guide to Respond Correctly

May 27, 2026 9288 Views 0 comment Print

The guide explains that many income tax notices are generated automatically due to mismatches, filing errors, or compliance verification. It highlights the importance of understanding the notice type and responding correctly through the e-filing portal.

Section 16 of GST: Buyer’s ITC Rights, Practical Limits & Ground Reality

May 27, 2026 825 Views 0 comment Print

The growing dispute over denial of Input Tax Credit due to supplier non-payment of tax has now reached the Supreme Court. The issue centres on whether bona fide buyers can lose ITC despite genuine purchases and proper documentation.

Why Filing ITR Too Early in 2026 Can Be Risky: AIS, 26AS, TDS & Notice Risks

May 27, 2026 3891 Views 0 comment Print

Filing Income Tax Returns before AIS, TIS, and Form 26AS are fully updated can lead to mismatches, defective returns, and delayed refunds. The article explains why proper reconciliation before filing is essential.

US Inheritance Tax and FEMA

May 27, 2026 588 Views 0 comment Print

Indian families holding US stocks, ESOPs, and RSUs may face a 40% US estate tax on succession beyond the limited exemption available to non-resident aliens. The article explains why proactive planning is essential to avoid large inheritance tax exposure and FEMA complications.

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