7th May Due date of Deposit of TDS/ TCS for the Month of April, 2026 15th May Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB, 194-M & 194S in the month of March, 2026 15th May Quarterly statement of TCS deposited for the quarter ending March 31, 2026 30th May Issue of TCS certificates […]
NOTIFICATION G.S.R. 286(E) [NO. 64/2026/F. NO. 370142/41/2025-TPL], DATED 16-4-2026 The CBDT issues corrigendum to IT Rules 2026; drops mention of ‘Aadhaar’ instead of ‘PAN’ in several Income Tax forms. NOTIFICATION S.O. 1715(E) [NO. 56/2026/F. NO. 500/22/2022-FT&TR-V], DATED 2-4-2026 India–Japan MoU notified for mutual assistance in tax collection effective from 8 July 2025. Important Judicial Precedents SLP disposed of: section 263 […]
20th April 2026: IFSCA Registers First Foreign Family Investment Fund, Boosting GIFT IFSC’s Global Wealth Hub Ambitions The International Financial Services Centres Authority (IFSCA) has taken a significant step in strengthening India’s position as a global financial hub by granting registration to the first foreign Family Office under its newly notified IFSCA (Fund Management) Regulations, 2025. This marks the debut […]
FEMA / RBI FEMA Reporting & Compliance The Reserve Bank of India, through April 2026 operational clarifications under the Foreign Exchange Management Act, 1999 and FEMA (Non-Debt Instruments) Rules, 2019, has reaffirmed strict timelines of 30 days for FC-GPR and 60 days for FC-TRS filings. Any delay in such reporting shall continue to attract compounding proceedings, with no relaxation in […]
Sun Pharmaceutical Industries has announced the acquisition of Organon & Co in an all-cash deal valued at approximately $11.75 billion (Around INR 1,10,620 crores), including debt, marking the largest overseas acquisition by an Indian pharma company. The transaction aligns with Sun Pharma’s strategic shift toward higher-margin specialty segments such as dermatology, oncology, and obesity, amid margin pressures in the US […]
Indirect Tax News Letter Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) May 10, 2026 GSTR-8 (Tax Collected at Source ‘TCS’) May 10, 2026 GSTR-1 May 11, 2026 IFF- Invoice furnishing facility (Availing QRMP) May 13, 2026 GSTR-6 Input […]
Dear Readers, During the month of March 2026 the success of India in winning the T20 Cricket World Cup inspired us all. The manner in which the men in blue came back after the thumping loss against South Africa in the Super 8 stage, was a true lesson of persistence and positive thinking. We are very pleased to […]
The UK economy entered 2026 on a fragile footing, with growth stagnating, inflation remaining persistent, and labour market conditions beginning to soften. While earlier expectations pointed toward a gradual recovery supported by potential interest rate cuts, recent data has underperformed forecasts, dampening optimism. The outlook is further complicated by escalating geopolitical tensions in the Middle East, which are expected to […]
Ministry of Corporate Affairs (MCA) Corporate Laws (Amendment) Bill, 2026 The Corporate Laws (Amendment) Bill, 2026 was the month’s biggest headline, focusing on decriminalisation and reducing the compliance burden for smaller players. Decriminalisation: Over 20 sections of the Companies Act and LLP Act were moved from criminal to civil liability, replacing potential jail time with monetary penalties. Small Company […]
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 […]