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Benefit to Non-Residents under Income Tax Act, 1961

Please avoid posting Only URLsThe document provides a comprehensive guide to the tax provisions, exemptions, concessional tax rates, and compliance benefits available to non-residents under the Income-tax Act, 1961, as amended by the Finance Act, 2026, Website URL: https://taxguru.in/income-tax/benefits-residents-income-tax-act-1961.html

Tax Treatment on Compulsory Land Acquisition: Rules & Exemptions

The Income-tax Act, 1961, as amended by the Finance Act, 2026, prescribes special rules for taxation of capital gains arising from compulsory acquisition of land and other capital assets by the Government. Capital gains become taxable in the year of receipt of initial compensation, while enhanced compensation is taxed separately on a receipt basis without recomputing the original gain. Website URL: https://taxguru.in/income-tax/tax-treatment-compulsory-land-acquisition-rules-exemptions.html

Can a Homebuyer Be Taxed for Paying “On-Money” to a Builder?

A young man from a small town in Rajasthan completes his studies and leaves his home in search of a better future. Like thousands of others, he arrives in Surat with dreams in his eyes and very limited resources in his pocket. Read more at: https://taxguru.in/income-tax/homebuyer-taxed-paying-on-money-builder.htmlCopyright © Taxguru.in Website URL: https://taxguru.in/income-tax/homebuyer-taxed-paying-on-money-builder.html

Representation for timely release of e-filing utilities for ITR for AY 2026-27

The Karnataka State Chartered Accountants Association (KSCAA), through a representation dated May 11, 2026 addressed to the CBDT Chairman, requested the timely release of e-filing utilities, schemas and enabling functionalities for Income-tax Returns for AY 2026-27. Read more at: https://taxguru.in/income-tax/representation-timely-release-e-filing-utilities-itr-ay-2026-27.htmlCopyright © Taxguru.in Website URL: https://taxguru.in/income-tax/representation-timely-release-e-filing-utilities-itr-ay-2026-27.html

CBIC extends due date of March GSTR-3B to 21st April 2026

Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 01/2026 – Central Tax dated 21st April 2026, has extended the due date for furnishing the return in FORM GSTR-3B for the month of March 2026. The extension has been granted by the Commissioner in exercise of the powers conferred under sub-section (6) of section 39 of the Central Goods and Services Tax Act,…

Editing allowed in Appeal Pre-deposit Percentage Field in GST Portal

The GST Network (GSTN) has introduced a system update allowing taxpayers to edit the pre-deposit percentage while filing appeals in Form APL-01 on the GST portal, effective from 6 April 2026. Earlier, the portal auto-populated a mandatory pre-deposit of 10% in line with Section 107(6) of the CGST Act, 2017, and this field was non-editable. Website URL: https://taxguru.in/goods-and-service-tax/editing-allowed-appeal-pre-deposit-percentage-field-gst-portal.html

ICSI Representation on Name Change for CSR-Registered Trusts

The Institute of Company Secretaries of India (ICSI) has submitted a representation to the Ministry of Corporate Affairs highlighting the absence of a mechanism to modify or update details of trusts registered as CSR implementing agencies through Form CSR-1. Under Section 135 of the Companies Act, 2013 and the CSR Rules, such entities must register to obtain a CSR Registration Number for receiving CSR funds….

DIR-3 KYC Filing Reduced to Once Every Three Years to Cut Compliance Burden

The Ministry of Corporate Affairs has introduced significant amendments to the DIR-3 KYC compliance framework to simplify regulatory requirements and enhance ease of doing business for directors. Under the revised rules, directors holding a DIN as of 31st March of a financial year are required to file Form DIR-3 KYC Web once every three financial years, instead of annually, with a deadline of 30th June….