Insights
Articles by the firm
The Income-tax Act, 2025 takes effect: what changes from 1 April 2026
The Income-tax Act, 2025 replaces the Income-tax Act, 1961 with effect from the tax year beginning 1 April 2026. The rewrite is structural rather than a change of policy, but it touches section references, terminology, and compliance forms across the board.
E-Way Bill changes from June 2026: mandatory Ship-To GSTIN and a closure facility
Capturing the 'Ship-To GSTIN' becomes mandatory in Bill-To/Ship-To transactions, and a voluntary e-Way Bill closure facility is introduced. The changes move to production by 15 June 2026.
CCFS-2026: the 90% ROC late-fee waiver, and who should act before 15 July
MCA's Companies Compliance Facilitation Scheme, 2026 grants a 90% waiver of additional ROC fees for companies that regularise pending annual filings between 15 April and 15 July 2026.
From three forms to one: the consolidated tax-audit report
Under the new income-tax framework, the tax-audit report moves from the separate Forms 3CA/3CB and 3CD to a consolidated format. The change is procedural, but it affects how audit particulars are compiled and filed.
Land-border FDI eased: Press Note 2 and the revised FEMA NDI Rules
Press Note 2 of 2026 and the corresponding amendment to the FEMA Non-Debt Instruments Rules ease the blanket approval requirement for FDI from land-border countries, within defined limits.
ITR forms for AY 2026-27: the key dates and what to gather now
CBDT notified the income-tax return forms for AY 2026-27 on 30 March 2026, ahead of the financial year. The early release lets taxpayers and the firm begin preparation before the 31 July 2026 due date.