Knowledge & Alerts
Our analysis of recent statutory notifications, official circulars from the tax departments, and imminent due dates.
Authored by our partners for clients, trade associations, and businesses across Karnataka.
For taxpayers whose accounts must be audited (other than transfer pricing cases), the tax audit report is now due on 21 October 2026 instead of 30 September. The ITR is due on 21 November 2026 instead of 31 October.
Source: Income Tax Department
Returns for July to September 2026 go in Form 138 (salary, was 24Q), Form 140 (non-salary payments to residents, was 26Q) and Form 143 (TCS, was 27EQ). Report payments under the section 393 table entries and payment codes. Old section numbers such as 194C or 194J no longer apply.
Source: Income Tax Department
GSTR-9 is optional if aggregate turnover is up to Rs. 2 crore. GSTR-9C is needed above Rs. 5 crore.
Source: GSTN
From AY 2026-27, ITR-1 and ITR-2 stay due on 31 July. Business and profession cases without an audit (ITR-3 and ITR-4) are due on 31 August. A belated return for AY 2026-27 can be filed until 31 December 2026.
Source: Income Tax Department
It replaces the 1961 Act and uses a single 'tax year'. TDS rules sit in sections 392 and 393. Many forms have new numbers: Form 26 replaces the tax audit Forms 3CA, 3CB and 3CD, and Forms 130 and 131 replace Forms 16 and 16A. Income up to 31 March 2026 stays under the 1961 Act.
Source: Income Tax Department
From 31 March 2026, the yearly director KYC is replaced by Form DIR-3 KYC Web, filed once every three financial years by 30 June. Directors who already did KYC are next due on 30 June 2028. A change in mobile number, email or address must be updated within 30 days.
Source: Ministry of Corporate Affairs
Collected directly from gst.gov.in and incometaxindia.gov.in.
For taxpayers whose accounts must be audited (other than transfer pricing cases), the tax audit report is now due on 21 October 2026 instead of 30 September. The ITR is due on 21 November 2026 instead of 31 October.
Source: Department Portal
Returns for July to September 2026 go in Form 138 (salary, was 24Q), Form 140 (non-salary payments to residents, was 26Q) and Form 143 (TCS, was 27EQ). Report payments under the section 393 table entries and payment codes. Old section numbers such as 194C or 194J no longer apply.
Source: Department Portal
GSTR-9 is optional if aggregate turnover is up to Rs. 2 crore. GSTR-9C is needed above Rs. 5 crore.
Source: Department Portal
From AY 2026-27, ITR-1 and ITR-2 stay due on 31 July. Business and profession cases without an audit (ITR-3 and ITR-4) are due on 31 August. A belated return for AY 2026-27 can be filed until 31 December 2026.
Source: Department Portal
It replaces the 1961 Act and uses a single 'tax year'. TDS rules sit in sections 392 and 393. Many forms have new numbers: Form 26 replaces the tax audit Forms 3CA, 3CB and 3CD, and Forms 130 and 131 replace Forms 16 and 16A. Income up to 31 March 2026 stays under the 1961 Act.
Source: Department Portal
From 31 March 2026, the yearly director KYC is replaced by Form DIR-3 KYC Web, filed once every three financial years by 30 June. Directors who already did KYC are next due on 30 June 2028. A change in mobile number, email or address must be updated within 30 days.
Source: Department Portal
The GST Council, in its 57th meeting has recommended extending e-invoicing to domestic supplies received from an unregistered person where the tax is payable under reverse charge mechanism, as well as to the import of services, for taxpayers having aggregate...
Source: Department Portal
Annual Returns in the form of GSTR-9/9C for FY 2025-26 have been enabled on the GST portal from 8th October 2026. Please ensure that all returns (GSTR 1 and GSTR 3B) for FY 2025-26 are filed to enable the tile of GSTR-9/9C.
Source: Department Portal
The FAQs on the 57th GST Council Meeting provide clarifications on key GST recommendations, procedural changes and their implications for taxpayers and businesses.
Source: Department Portal
The GST Council, in its 57th meeting held on 8 October 2026, recommended a series of reforms to simplify GST compliance, streamline registration and return filing, expedite refunds, and improve the flow of Input Tax Credit (ITC).
Source: Department Portal
It is informed that an option for “Multistate Registration” has been introduced. The functionality enables taxpayers to apply for registration in multiple States/UTs simultaneously.
Source: Department Portal
Source: Department Portal
This is an advance information to the all users, Taxpayers and Tax Officers, of GST System who use Digital Certificate Signature on the GST Portal.
Source: Department Portal
In cases where a dispute regarding liability exists but the demand amount is reflected as "NIL" or "Zero" in the demand order, and payment has been made by the taxpayer prior to the issuance of the demand order, the previous validation restricting the filing...
Source: Department Portal
Source: Department Portal
GSTN had earlier issued advisories dated 9th June 2026 and 17th June 2026 regarding certain proposed enhancements to the e-Way Bill system, with the scheduled date of implementation as 1st August 2026.
Source: Department Portal
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