KNOWLEDGE HUB
MCA Extends CCFS-2026 Deadline to 15 September 2026
The Ministry of Corporate Affairs has once again extended a helpful compliance window. Companies now have until 15 September 2026 to use the Companies Compliance Facilitation Scheme, 2026. This scheme, known as CCFS-2026, gives businesses a chance to fix pending...
Poland’s Split-Payment Model: A Fix for India’s GST Fraud?
India's GST system loses enormous sums to fake invoices every year. Meanwhile, Poland solved a similar problem years ago. Its split-payment mechanism cut VAT fraud dramatically. Could India borrow this idea and protect its own tax revenue? The Scale of India's GST...
Compliance Calendar September 2026: India Statutory Deadlines
September brings a heavy compliance load for Indian businesses. Multiple laws demand attention within the same month. Therefore, tracking every deadline becomes essential for smooth operations. This calendar covers GST, PF, ESI, FEMA, Income Tax, MCA, TDS/TCS, and...
ICAI Extends MEF 2026-27 Deadline to September 9, 2026
The Institute of Chartered Accountants of India (ICAI) has given members some breathing room. Through its Professional Development Committee, ICAI has pushed the last date for submitting the Multipurpose Empanelment Form (MEF) 2026-27. The new deadline is September 9,...
Tata Steel GST Case: Supreme Court Quashes ₹1,781 Crore Demand
Tata Steel Wins Major Relief as Supreme Court Quashes ₹1,781 Crore GST Demand Tata Steel has won a significant legal battle. The Supreme Court of India recently quashed a GST demand worth around ₹1,781 crore against the steel giant. This ruling brings closure to a...
ITR-6 and ITR-7 Utilities for AY 2026-27: Complete Filing Guide
The Income Tax Department has rolled out both offline and online utilities for ITR-6 and ITR-7. These tools support Assessment Year (AY) 2026-27 filings. Companies and specific institutions can now begin preparing their returns. This update matters for thousands of...
Section 54 Exemption Denied When House Bought in Wife’s Name: P&H HC
The Punjab and Haryana High Court has refused to grant capital gains exemption to a taxpayer. The reason is simple. He purchased his new house solely in his wife's name. This ruling carries weight for many families. Property purchases in a spouse's name are common...
No Income Tax on Annual Income Up to Rs. 12 Lakh Under the New Tax Regime
A Big Relief for the Middle Class Millions of Indian taxpayers now enjoy a welcome benefit. Under the new tax regime, income up to Rs. 12 lakh attracts zero tax. This change came through an enhanced rebate under Section 87A. Consequently, many salaried individuals and...
SC Quashes Vague Section 74 GST SCN Lacking Fraud Particulars
A Major Relief for GST Taxpayers The Supreme Court recently delivered an important ruling on GST notices. It quashed a show cause notice (SCN) issued under Section 74 of the CGST Act. The notice had alleged fraud, but it offered no supporting details. This decision...
Companies (Indian Accounting Standards) Amendment Rules 2026: What Changed
The Ministry of Corporate Affairs (MCA) has issued a fresh update to India's accounting rulebook. On 12th August 2026, the government notified the Companies (Indian Accounting Standards) Amendment Rules, 2026. This notification carries the reference G.S.R. 725(E). As...