News

October 2026 brings a packed compliance calendar, with key deadlines for GST, TDS/TCS, PF, ESI, income tax and MCA filings.

October 2026 Compliance Calendar: Key GST, TDS, PF, ESI and MCA Deadlines You Need to Know

Judgement

The Bombay High Court holds GIA India Not Liable to Deduct TDS on Payments to GIA US.

High Court Holds AO Cannot Disregard Binding ITAT Ruling on Permanent Establishment 

Notifications

CBDT’s Income Tax (Fifth Amendment) Rules, 2026 revise Form 141 and introduce Schedule E for detailed TDS reporting on immovable property transactions, particularly purchases from non-resident sellers.

CBDT Amends Income Tax Rules 2026, Introduces New TDS Reporting Requirements for Property Transactions

The ITAT Mumbai has restored the issue of Rs 6.76 lakh TDS credit to the AO for factual verification.

ITAT Remits Rs 6.76 Lakh TDS Credit Dispute to AO for Factual Verification

The ITAT Mumbai held that business expenditure incurred through the credit card of the assessee’s spouse cannot be treated as payment for services requiring TDS.

ITAT Holds Business Expenses Can Be Incurred Through Spouse’s Credit Card and Cannot Be Disallowed

ITAT deleted Rs 30,108 in TDS and TCS penalties, holding that its bona fide beliefs constituted reasonable cause under Section 273B of the Income Tax Act.

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October 2026 Compliance Calendar: Key GST, TDS, PF, ESI and MCA Deadlines You Need to Know

High Court Holds AO Cannot Disregard Binding ITAT Ruling on Permanent Establishment

CBDT Amends Income Tax Rules 2026, Introduces New TDS Reporting Requirements for Property Transactions

ITAT Remits Rs 6.76 Lakh TDS Credit Dispute to AO for Factual Verification

ITAT Holds Business Expenses Can Be Incurred Through Spouse’s Credit Card and Cannot Be Disallowed

ITAT Deletes Sections 271C and 271CA Penalties Over Bona Fide Belief