Request for Extension of Due Dates for Filing Other Statutory E-Forms under the Companies Act, 2013 till 31.12.2026 without Levy of Additional Fees     The copy of the order is as under:

FAST-DS 2026: A One-Time Opportunity for Small Taxpayers to Declare Foreign Assets     Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 – Everything You Need to Know Before 31 December 2026 A foreign bank account. A small overseas investment. An inherited property abroad. Foreign shares that were acquired years ago. Or perhaps an overseas…

E-Invoicing from 1 January 2027: Reverse Charge Purchases and Import of Services Now Covered     E-invoicing is set to enter a new territory from 1 January 2027. Businesses already covered by the e-invoicing system will now have to generate an Invoice Reference Number (IRN) for certain inward transactions covered by the Reverse Charge Mechanism…

Interest on Delayed TDS Payment Is Allowable as Business Expenditure: ITAT Mumbai     Interest paid for delayed deposit of TDS is compensatory in nature and cannot be disallowed under Section 37(1) merely by treating it as an expenditure for violation of law, ITAT Mumbai has held. The Mumbai Bench of the Income Tax Appellate…

Notional Interest Is Not Taxable: ITAT Reinforces the Real Income Principle     Only Real Income Can Be Taxed – ITAT Deletes Notional Interest Addition on Interest-Free Advances Can the Income Tax Department tax interest that a taxpayer never actually received or earned? The answer, in appropriate circumstances, is no. The Income Tax Appellate Tribunal…