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June 2026 Tax Compliance Deadlines for Income Tax and GST

May 28, 2026 247164 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 9282 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.

RBI Revises Cooling-Off Period Norms for Co-operative Bank Directors

May 27, 2026 648 Views 0 comment Print

RBI’s 2026 amendments impose a mandatory three-year cooling-off period after directors complete ten years on co-operative bank boards. The move aims to stop directors from bypassing tenure limits through temporary resignations and reappointments.

25 Real-Life Stock Audit Dilemmas Every Banker and Auditor Faces

May 27, 2026 492 Views 2 comments Print

The article highlights practical dilemmas faced during stock audits by borrowers, auditors, and bankers. It explains how professional judgment, ethical concerns, and commercial realities often create situations with no perfect solution.

GST 2.0 in India: 10 Practical Compliance Changes Businesses Cannot Ignore in FY 2026–27

May 27, 2026 2685 Views 0 comment Print

The next phase of GST administration focuses on system validations, invoice matching and data analytics instead of traditional manual assessments. Companies with weak reconciliation and compliance processes may face increased notices and litigation exposure.

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