April 2026 – Tax Calendar 7th April Due date of Deposit of TCS collected for the Month of March , 2026 7th April Uploading of declarations received in Form 27C from the buyer in the month of March, 2026 14th April Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB, 194-M & 194S in the month […]
CBDT specifies new forms for changes or corrections in PAN data [ORDER F. NO. ADG(S)-1/PAN/M/3699/2026 dated 01.04.2026] The CBDT has notified two forms for furnishing an application for correction of PAN, namely: a) Form PAN CR-01 for individuals; and b) Form PAN CR-02 for non-individuals. CBDT amends GAAR Rules to allow grandfathering of investments made before 01-04-2017; dilutes Tiger Global […]
GST Calendar –Compliances for the month of March ’2026 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) April 10, 2026 GSTR-8 (Tax Collected at Source ‘TCS’) April 10, 2026 GSTR-1 April 11, 2026 IFF- Invoice furnishing facility (Availing QRMP) April 13, 2026 GSTR-6 Input Service Distributor April 13, 2026 GSTR-2B (Auto Generated Statement) April 14, 2026 […]
A consortium comprising Aditya Birla Group, Times of India Group, Bolt Ventures, and Blackstone has agreed to acquire the Indian Premier League Franchise Royal Challengers Bengaluru for $1.78 billion (Around INR 16,500 crores) following a competitive bidding process. The sale by United Spirits, the Indian arm of Diageo, follows a strategic review that classified the franchise as non-core to its […]
GST Calendar –Compliances for the month of February ’2026 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) March 10, 2026 GSTR-8 (Tax Collected at Source ‘TCS’) March 10, 2026 GSTR-1 March 11, 2026 IFF- Invoice furnishing facility (Availing QRMP) March 13, 2026 GSTR-6 Input Service Distributor March 13, 2026 GSTR-2B (Auto Generated Statement) March 14, 2026 […]
Torrent To Buy Thermal Power Operator From L&T In $403 Mn Deal Torrent Power Ltd has agreed to acquire a 100% stake in L&T Power Development Ltd for $403 million (Around INR 3,660 crores), gaining control of the 1,400 MW Nabha Power Ltd in Punjab. The deal, subject to regulatory approvals, is expected to close by June 30, 2026. Nabha […]
Important Judicial Precedents Tribunal erred in granting registration u/s 12AB and 80G without inquiry into trust’s genuineness; matter remanded: HC [2026] 183 taxmann.com 742 (Delhi-HC) CIT, Exemption vs. Kush Innovative Foundation Where assessee-trust holding provisional registration under section 12AB applied for regular registration and approval under Section 80G but Commissioner rejected same for non-furnishing of documents, Tribunal’s direction to grant […]
7th Mar Due date for deposit of Tax deducted/collected for the month of February, 2026 15th Mar 4th instalment of advance tax for the assessment year 2026-27 15th Mar Due date for payment of whole amount of advance tax in respect of assessment year 2026-27 for assessee covered under presumptive scheme of section 44AD / section 44ADA 17th Mar Due date for […]
Apax Partners Picks Up Minority Stake In Ready-To-Cook Brand ID Fresh Apax Partners has acquired a significant minority stake around 35% in ready-to-cook brand iD Fresh Food for roughly $166 million (around INR 1,500 crores), marking its first India deal in over a year. The stake was bought from existing investors Premji Invest and TPG NewQuest, who will continue […]
GST Calendar –Compliances for the month of January ’2026 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) February 10, 2026 GSTR-8 (Tax Collected at Source ‘TCS’) February 10, 2026 GSTR-1 February 11, 2026 IFF- Invoice furnishing facility (Availing QRMP) February 13, 2026 GSTR-6 Input Service Distributor February 13, 2026 GSTR-2B (Auto Generated Statement) February 14, 2026 […]