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Income Tax Update May 2026 • N D Savla & Associates, Chartered Accountants • ~6 min read Updated ITR (ITR-U) 2026: File 4 Years of Pending Returns Now — Penalties & Filing Window Explained The Updated ITR filing landscape has shifted sharply from April 1, 2026. Under the Income Tax Act 2025, the ITR-U window…

Income Tax Update April 2026 • N D Savla & Associates, Chartered Accountants TDS & TCS Rate Chart FY 2026-27: Every Rate That Changed from April 1, 2026 The new Income Tax Act 2025 renumbers every TDS section, replacing old Sections 192–206C with Sections 393 and 394. Budget 2026 also revised specific TCS rates, introduced…

GSTAT Backlog Appeals: 30 June 2026 Deadline Guide | N D Savla GST Update April 2026  ·  N D Savla & Associates, Chartered Accountants GSTAT Backlog Appeals: Everything Every GST Taxpayer Must Know Before the 30 June 2026 Deadline The GST Appellate Tribunal is now fully operational after nearly eight years. The Government has set…

New GST Rules from April 2026:Complete Guide to e-Invoicing, LUT, IMS & Invoice Numbering New GST Rules from April 2026: Complete Guide to e-Invoicing, LUT, IMS & Invoice Numbering – N D Savla & Associates N D Savla & Associates — Chartered Accountants, Mumbai  |  +91 9819 000 511  |  ndsavlaa.com GST Update April 2026…

ITR-1 vs ITR-2: Everything Salaried Individuals Need to Know Before July 31 Every year, millions of salaried individuals in India sit down to file their Income Tax Return — and immediately hit the same wall: “Should I file ITR-1 or ITR-2?” It sounds simple. It isn’t. Choosing the wrong form can lead to a defective…

Top 10 Reasons Why Every Indian Company Needs a Chartered Accountant for Compliance Running a company in India comes with tremendous opportunity — and an equally significant compliance responsibility. From the day your company is incorporated, a clock starts ticking. Annual ROC filings, GST returns, TDS obligations, income tax audits, board meeting minutes, DIN KYC…

New Income Tax Amendments 2026: Why These Changes Will Accelerate Compliance and Business Growth The conversation around tax amendments usually follows a predictable pattern — more rules, more confusion, more compliance burden. But the Income Tax Amendments 2026, introduced under the Income Tax Act, 2025, are different. This isn’t just another update. It’s a structural…

ROC Late Fees Slashed by 90% Under Companies Compliance Scheme 2026 For many companies, ROC compliance becomes one of those tasks that keeps getting postponed. A missed annual return. A delayed financial statement. A form that should have been filed but wasn’t. Over time, these small delays turn into heavy additional fees and compliance stress….

Companies Compliance Facilitation Scheme 2026 is Live: A Big Relief for Defaulting Companies The Ministry of Corporate Affairs has officially notified the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026). If your company has pending ROC filings, delayed annual returns, or incomplete financial statements, this is your window to fix it without crushing penalties. And here’s the…

GST Rate Changes in 2026: What Small Businesses Need to Know – Implications and Compliance Tips GST has never been static. Every year, notifications, circulars, and rate revisions reshape how businesses calculate tax, file Returns, and manage compliance. And 2026 is no different. If you run a small business, even a minor GST Rate change…