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Tax Professionals Highlight Ongoing Compliance Hurdles Despite GST Portal Upgrades
Discover why Indian tax professionals still face major GST compliance hurdles and data glitches despite recent portal upgrades.
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CBDT Introduces Form 49 for Simplified Electronic Safe Harbour Applications Starting April 2026
The Central Board of Direct Taxes (CBDT) has announced the upcoming introduction of a unified tax document designated as Form 49, effective April 1, 2026. This new administrative instrument replaces…
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Master File & Country-by-Country Report (CbCR): Forms 56, 57, 58, 59 & 60
The Income Tax Department has officially introduced Forms 56, 57, 58, 59, and 60 to streamline the submission process for the Master File and Country-by-Country Report (CbCR). This regulatory update…
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Understanding the Income Tax Department’s E-Verification Scheme and AIS
The Income Tax Department utilizes an advanced E-Verification Scheme to cross-reference taxpayer data and identify discrepancies in filed returns. By leveraging the Annual Information Statement, tax authorities can systematically detect…
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Tax Authorities Introduce Simplified Forms 44 and 45 for Foreign Tax Credit Claims
Tax authorities have announced the upcoming implementation of new Forms 44 and 45, which will replace the former Form 67 for foreign tax credit claims starting April 1, 2026. This…
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CBDT Introduces Form 48 for International and Specified Domestic Transactions
Discover how the new CBDT Form 48 streamlines transfer pricing disclosures and compliance for international and domestic corporate transactions.
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Kerala High Court Rules Bona Fide Mistakes Warrant Fresh Opportunity in KVAT Delays
The Kerala High Court rules that taxpayers deserve a fresh chance when genuine mistakes cause KVAT filing delays, ensuring fair administrative processes.
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Telangana High Court Restores GST Appeal Filed Within Court-Granted 45-Day Period
The Telangana High Court restored a GST appeal rejected by tax authorities, ruling that the taxpayer filed it within the court-approved 45-day window.
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Gujarat High Court Condones Delay in Form 10B Filing Due to CA’s Illness
Discover how the Gujarat High Court allowed a tax filing delay for a trust after their chartered accountant fell critically ill.
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Article Highlights Possible Section 54F Computation Issue in AY 2026-27 ITR Utility Under Amended Section 112
Tax professionals and digital forums have recently identified a potential technical discrepancy within the income tax return preparation software for the upcoming assessment cycle. According to reports, the issue specifically…