WhatsApp Community and Channel for Professional and Taxation Related Updates only To join the community or channel kindly send you name, city and qualification at wa.me/ 919152062090 Currently Members in Community 5138 Members in Channel 2057 Thanks #TaxationUpdates

All are waiting for availability of ITR 3 for filing and final update of AIS/TIS/26AS ITR Filing Due Date AY 2026-27 31st July - Non Audit (Non Business Income) 31st August - Non Audit (Business Income) 31st August - Partner of Non Audit Firm 30th September - Tax Audit Report 31st October - Audit ITR 31st December - Belated ITR 31st March - Revised ITR @IncomeTaxIndia #TaxationUpdates

ITR 1 & ITR 2 filers → Form 10-IEA = NOT required. Ever. ITR 3 & ITR 4 filers → Form 10-IEA filing required before due date u/s 139(1) whenever changing regime (AY 2026-27 is 3rd Year of Form 10-IEA so if you have opted for old regime in AY 2024-25 and then new regime in AY 2025-26 then you can't opt for old regime in AY 2026-27) Built a free tool covering all 64 scenarios. FY 2023-24 → 2024-25 → 2025-26 This tool will help in guiding applicability of Form 10-IEA and switching Restrictions along will tabular presentation of all 64 possibilities depend on previous year filing 🔗 taxationupdates.com/FORM-10-… #TaxationUpdates

This Year (AY 2026-27) in ITR-4 Reporting of "Bank Balance as on 31st March 2026" is Mandatory Earlier only Sundry creditors, Inventories, Sundry debtors and Cash-in-hand were Mandatorily required to be reported in ITR-4. #IncomeTax #TaxationUpdates @IncomeTaxIndia

Must Refer this Presentation, You will definitely thanks the author @beevenkat sir Big thank you to Shri B. Venkateswaran, I.R.S. (Retd.), for this remarkable effort. The book reflects decades of practical GST expertise, deep insights, and an unwavering commitment to taxpayer education and GST awareness. 📘 Most GST books tell you what the law says. Few explain: ✅ When ITC is available ✅ When ITC is blocked ✅ How courts have interpreted the law ✅ What documents should be maintained ✅ How to avoid costly mistakes This GST ITC Guide includes: 📖 20 Chapters 📊 18 Infographics ❓100 Practical Q&A ⚖️ Key Court Judgments ✅ Checklists Because GST compliance should be practical, not confusing. PDF Link drive.google.com/file/d/16an… #GST #ITC #GSTIndia @FinMinIndia @cbic_india @Infosys_GSTN @AhmedabadDgts @Dgtpsmumbaicbic @dgtpschennai @GSTMumCentral

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This year the section numbering and presentation of TDS/TCS changed from multiple sections (Income Tax Act, 1961) to single section (Income Tax Act, 2025) having multiple line item in tabular form In this tool you can search old section number and get new section number easily with amended section code which will you can use while paying TDS/TCS pertaining Tax Year 2026-27 You can also search section code, section number, nature of payment etc. TDS/TCS Section Code Master Table (Tax Year 2026-27) 👇 ✔️ Statistics ✔️ Section-wise codes ✔️ Rates Thresholds ✔️ Old vs New Act mapping ✔️ Form reference for Return Filing ✔️ Smart search filters ✔️ TDS/TCS Calculator ✔️ Tabular and Grid View This will help you in doing compliance with accuracy. 🔗 Try it now: [taxationupdates.com/TDS-SECT…] 💡 Bookmark and share this for everyone's help. #TaxationUpdates

TDS Return Filed on 15th and 16th May were accepted at e-filing portal but not reflecting on TRACES Portal yet and due to that can't check processing status @IncomeTaxIndia kindly process such returns ASAP

📢 New Information required in ITR Form of AY 2026-27 (FY 2025-26) This Year (AY 2026-27) in ITR-4 Reporting of "Balance with Banks" is Mandatory Earlier only Sundry Creditors, Inventories, Sundry Debtors and Cash-in-hand were Mandatorily required to be reported in ITR-4. #IncomeTax #TaxationUpdates @IncomeTaxIndia

Attention taxpayers! The Excel utility and Online filing for ITR-1 and ITR-4 for AY 2026-27 has been enabled and is now available for taxpayers on the e-Filing portal. @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

GST was launched on 1st July 2017 with a ₹20L/10L threshold for goods/services in some states and w.e.f 1st April 2019, ₹40L for Goods in a few states It's 2026. That limit hasn't moved IMO, inflation should also be considered here @abhishekrajaram @TaxationUpdates @AbhasHalakhandi @DEEPKORADIA

Why can't we simply have cash ledger concept like GST? When section codes are going to be reported in TDS returns, what's the need to have bifurcation in Challan itself. Why complicate things @IncomeTaxIndia?

In TDS payment if two different tabs were made available like Pay TDS/TCS Resident Deductee & Pay TDS/TCS Non-Resident Deductee then so many users not required to select residential status of the deductee every time @IncomeTaxIndia Second thing on section code for short period give old section together with new section or on selection new section just small pop up that this section means so and so section of old income tax act. For New Payment system this enhancement will help many tax payers

INCOME TAX READY REFERENCER – 5th Edition BY CA HARSHIL SHETH @CA_HarshilSHETH Updated for AY 2026-27 / TY 2026-27 with all Important Amendments Key 35 Income Tax topics (List Attached Below) in tabular formats with Simplified Easy Language Price of PRINTED BOOK : ₹499 ONLY! Link to Order- rzp.io/rzp/itrrbook

New TDS/TCS Payment Process from 1st April 2026 E-Pay Tax Tab Shows 2 Option (Pic 1) Income-tax Act, 2025 - New Process Explained Here Income-tax Act, 1961 - Same Process No Change Pic 2 👉Select the appropriate deductee type (Corporate or Non-Corporate); separate challans are required for each type. 👉Select the correct status of the deductees (Resident or Non-Resident). Separate challans must be prepared based on the deductees’ status Pic 3 Multiple section codes can be selected for the chosen deductee type in a single challan, subject to a maximum of 20 codes. If more than 20 codes are required, an additional challan must be filed. Pic 4 Combine amount of all section code will appear and then same process flow like old payment process Benefits - Payment for multiple section codes (maximum 20) now possible using single challan Suggestions - For a short period provide old section reference in bracket so that easy to connect old section code with new section code @FinMinIndia @IncomeTaxIndia

So many TAN Application were pending for TAN Allotment @IncomeTaxIndia kindly help