N R B A & Co LLP

N R B A & Co LLP 🌍 N R B A & Co LLP | Chartered Accountants
Experts in UK🇬🇧, US🇺🇸 & India🇮🇳 Tax, Audit & Outsourced Accounting.

Helping CA, CPA & SMEs with reliable, tech-driven compliance solutions.
🌐 www.nrbacollp.com
| ✉️ [email protected] 👨‍💼 N R B A & Co LLP | Chartered Accountants
🌍 Global Outsourcing Experts in Accounting, Taxation & Audit
(India • UK • USA)

💼 We deliver reliable & tech-driven Accounting, Audit, and Tax Compliance support to CA, CPA, and SME clients worldwide. From UK & US tax returns to Indian

audits — we simplify compliance so you can focus on growth.

🧾 Our Expertise
• UK Tax – SA100, CT600, SA800, SA900
• US Tax – 1120, 1120S, 1065
• India – GST, Income Tax, Audit, ROC, RERA
• Outsourcing – Bookkeeping & Year-end Accounts

⚙️ Software: IRIS | Xero | QuickBooks | Sage | Taxfiler | Drake

📧 [email protected]

🌐 www.nrballp.com

18/08/2026

🌱 Tax Relief with a Green Twist!

​In a landmark ruling, the ITAT Chandigarh Bench linked tax relief to environmental accountability in an ₹11.22 Crore unexplained cash and loan case (AY 2017–18).

​The Tribunal granted the taxpayer a final chance to substantiate cash deposits made during demonetisation, unsecured loans, and creditors before the AO—on the condition of planting 500 trees along the Yamuna riverbank within one month. Failure to comply will revoke the relief.

​A progressive precedent showing that corporate & legal remedies can walk hand-in-hand with environmental responsibility! 🌿⚖️

​Source: Divya Bhaskar

18/08/2026

🚨 SEBI Busts Massive ₹1,500 Cr Stock Scam!

​In its biggest covert crackdown in 7 years, SEBI raided multiple locations in Bhavnagar targeting an organized "Pump-and-Dump" SMS tip racket.

​📌 The Modus Operandi:

• Spoofed SMS headers of reputed brokers like Zerodha & ICICI Securities.

• Lured retail investors with bulk stock tips to artificially inflate penny stocks.

• Dumped holdings at peak valuations, siphoning illicit gains across 226 linked entities in Ahmedabad, Mumbai, & Kolkata.

​💡 Key Takeaway: Never trade on unsolicited SMS/Telegram stock tips. Always verify investment advice through SEBI-registered intermediaries.

​Source: Divya Bhaskar

​

18/08/2026

⚠️ Tax Alert: Beware of Fake IT Notices & Refund Links!

​Fraudsters are sending deceptive emails claiming compliance gaps or pending refunds. Clicking these malicious links or attachments can compromise your system and drain your bank account!

​📌 Remember:

❌ The Income Tax Department NEVER asks for OTPs, PINs, or banking details via email or SMS.

❌ Never open unverified ZIP, EXE, or PDF attachments.

✅ Always check and verify notices directly on the official e-Filing portal.

​Stay vigilant and secure your finances! 🛡️

​Source: Divya Bhaskar

​

17/08/2026

🏡 Save Capital Gains Tax Legally Under Sec 54 & 54F!

Planning to sell your property? Here are essential tax-saving rules you must know:

🔹 Invest in India: Exemption is available only for residential houses located in India.

🔹 Two Houses Option: Invest capital gains in up to 2 residential properties under Sec 54 if total gain is up to ₹2 Crore (once in a lifetime).

🔹 Construction Timeline: Construction started before transfer is also valid if completed within 3 years!

🔹 Possession Matters: Timely possession ensures eligibility, even if registered sale deeds face procedural delays.

Source: Sandesh Samachar

17/08/2026

📢 Big Relief for GIDC Landholders: Claim Your GST Refund!

​The Supreme Court has affirmed the Gujarat High Court’s landmark ruling that no GST applies to the transfer of GIDC leasehold land rights.

​💡 Key Takeaways:

✅ Tax Inapplicable: GIDC lease transfer is not a taxable supply under GST.

✅ Full Refund Eligible: The department cannot retain tax collected without legal authority.

✅ No 2-Year Time Limit: As held in Alidhra Texcraft Engineers, statutory limitation does not restrict refunds of amounts collected illegally.

​Taxpayers who have paid GST on such transfers can now seek legal recourse for full recovery.

​Source: Gujarat Samachar

​

17/08/2026

🚨 GST Evasion in Gujarat Surges to ₹18,491 Crore | 11,150 MSMEs Shut Down

​Official records reveal an alarming surge in GST evasion across Gujarat, totaling ₹18,491 crore over the last 3 years:

​📊 The Numbers:

▪️ 2023–24: ₹2,549 Cr (1,796 cases)

▪️ 2024–25: ₹3,310 Cr (3,281 cases)

▪️ 2025–26: ₹12,632 Cr (12,511 cases)

​At the same time, severe financial strain has forced over 11,150 MSME units to shut down in the past two years, raising serious concerns regarding market liquidity and compliance enforcement.

​Source: Gujarat Samachar

​

17/08/2026

📢 CBDT Foreign Asset Disclosure Scheme Open Until Dec 31, 2026!

​Taxpayers with undisclosed foreign assets can now regularize them under the new compliance window:

​🔹 Valuation Date: March 31, 2026

🔹 Filing Mode: Online via Form-1

🔹 Category 1 (Up to ₹1 Cr): Total 60% payout (tax + penalty)

🔹 Category 2 (Up to ₹5 Cr): Flat ₹1 Lakh fee for undisclosed assets acquired out of tax-paid NRI income

🔹 Benefits: Full immunity from penalties & prosecution under the Black Money Act, 2015

​Payment is due within 2 months of Form-2 issuance. Regularize your offshore holdings before the deadline.

​Source: Divya Bhaskar

17/08/2026

🏨 Big Boost for Hospitality & Tourism in Gujarat! 🌟

​Under the upcoming Gujarat Tourism Policy 2026–2031, the State Government is offering lucrative incentives to develop world-class infrastructure for global sports events & tourism:

​🔹 25% Capital Subsidy on new Hotel & Resort projects

🔹 Phased Payouts: 40% (Yr 1) | 20% (Yr 2) | 30% (Yr 3)

🔹 100% Exemption on Stamp Duty & Registration charges

🔹 Zero Electricity Duty for the first 5 years

🔹 Interest Subsidy on term loans

​An exceptional opportunity for investors, hoteliers, and developers looking to expand in Gujarat! 🚀

​Source: Divya Bhaskar

14/08/2026

📢 ITR-7 Online Utility Activated for AY 2026–27!

​Great news for Trusts, Charitable Institutions, and Organizations! The Income Tax Department has officially activated the online e-filing utility for ITR-7 on the e-filing portal starting August 11, 2026.

​⚡ Key Highlights:

🔹 Filing Option: Direct online utility is now live alongside the Excel utility.

🔹 Applicable For: Trusts, Political Parties, Institutions & Specified Entities (FY 2025-26 / AY 2026-27).

🔹 Checklist: Keep your income, donations, TDS, and Audit Reports reconciled before filing!

​Source: Sandesh Samachar

​

14/08/2026

💎 Big News for Diamond Traders! 💎

​Namibia is set to start direct sales of world-class rough diamonds in Surat & Mumbai! 🚀

​Thanks to a 15-year tax exemption in Special Notified Zones (SNZs) under the Taxation & Other Laws Bill 2026:

​✨ Direct Auctions: Sales at Surat Diamond Bourse & BDB

✨ No Middlemen: Save 5% to 8% on rough diamond purchases

✨ Lower Costs: No need to travel to Dubai or Antwerp

​This move positions India as a major global diamond trading hub! 🌍✨

​Source: Divya Bhaskar

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Office No 407, Skyline Square, Near Sanskar Mandal, Hill Drive
Bhavnagar
364002

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