FinNews · Finance intelligence
Source-led Tax & Compliance coverage — what changed, why it matters, who is affected and what action is required.
21 stories in Tax & Compliance
CBDT Circular No. 07/2026 dated 28 September 2026 formalises the extension already announced for a specified category of audit cases. The return-of-income due date…
CBIC Circular 44/2026-Customs allows the Special Notified Zone operated by Surat International Diatrade Centre to shift from Gujarat Hira Bourse to the 2nd Floor of…
CBIC Circular 42/2026-Customs introduces mandatory extra identifiers in export declarations for specified textile tariff items from 1 November 2026. Covered exporte…
CBIC Circular 43/2026-Customs explains how Section 28DA and CAROTAR, 2020 should work with trade-agreement Rules of Origin. For India–UK CETA imports, a valid Origi…
The Income Tax Department’s official data show FY2026-27 net direct-tax collections of ₹12.124 lakh crore through 17 September, with gross collections up 15.19%, re…
Notification No. 120/2026 amends the Income-tax Rules, 2026, including Rule 225 changes, deadline extensions under Rules 246 and 256, and substituted forms for valu…
Trade Notice 28/2026-27 requires PSICs to be generated and issued within two days of inspection and grants recognised PSIAs a one-time seven-day relaxation for spec…
The Union Cabinet approved raising the EPFO mandatory-coverage wage ceiling from ₹15,000 to ₹25,000 a month, widening EPF, EPS and EDLI coverage for workers in the…
CBDT has designated DGIT (Systems), Delhi to provide specified Yes/No/Not Available tax-status flags to the Ministry of Petroleum & Natural Gas under section 258(1)…
India generated 139.08 million e-way bills in August, up 7.7% year on year and the third-highest monthly count on record, according to reported GST-system data.
A proposal to replace state-wise GST registrations with one national registration has reportedly stalled after states raised enforcement, jurisdiction and revenue-a…
The Standing Committee on Finance scheduled a September 3 discussion with the Department of Revenue and CBDT on direct-tax simplification, rationalisation, ease of…
The e-filing portal now supports Form 1 under the Foreign Assets of Small Taxpayers Disclosure Scheme and a unified payment interface spanning the 1961 and 2025 Inc…
Sanofi India disclosed a Section 74 GST show-cause notice alleging 5% classification instead of 12% for certain FY2020-21 products, with ₹36.39 crore proposed tax a…
More than 7.5 crore AY 2026-27 returns had been filed by 31 August as the filing deadline closed for many non-audit business and professional taxpayers.
CEAT says an appellate authority decided its ₹107 crore tyre–tube–flap GST dispute in its favour and held Section 74 proceedings unsustainable, with no financial im…
Max Healthcare’s Alps Hospital received a DGGI show-cause-cum-demand notice alleging ₹55.23 crore of GST plus interest and two proposed matching penalties. The noti…
The ₹963.39 crore block-assessment demand spans multiple disputed issues. A CA lens is essential: assessment demand, cash payable and accounting provision are not t…
The scheme is highly relevant to taxpayers with previously undisclosed foreign assets/income and to professionals advising on ESOP/RSU, overseas bank accounts and l…
The Income Tax Department has made the offline utility for ITR-7 for Assessment Year 2026-27 available for filing on the e-Filing portal.
India reduced export levies on diesel and aviation turbine fuel and removed the petrol export levy, with the revised rates effective August 15, Reuters reported.
