B&B Tax

04/08/2026

#गयाजी बनेगा बिहार का नया खेल हब!

बिहार के खिलाड़ियों के लिए एक बड़ी और उत्साहजनक खबर!
गया में अगले 15 दिनों के भीतर आधुनिक स्पोर्ट्स इंफ्रास्ट्रक्चर का मास्टर प्लान तैयार किया जाएगा। इस योजना के तहत अंतरराष्ट्रीय स्तर की खेल सुविधाओं का विकास किया जाएगा, जिससे स्थानीय खिलाड़ियों को अपने ही जिले में बेहतर प्रशिक्षण और आधुनिक संसाधन उपलब्ध होंगे।

प्रस्तावित प्रमुख सुविधाएँ:
✅ मॉडर्न एथलेटिक्स ट्रैक
✅ ओपन जिम एवं ग्रीन पार्क
✅ इनडोर और आउटडोर खेल सुविधाएँ
✅ खिलाड़ियों एवं प्रशिक्षकों के लिए आवासीय व्यवस्था
✅ महिलाओं के लिए अलग योग एवं फिटनेस सेंटर
✅ खेल परिसर का चरणबद्ध आधुनिकीकरण

यह पहल न केवल गया बल्कि पूरे बिहार के खेल भविष्य को नई दिशा देगी। अब प्रतिभाओं को आगे बढ़ने के लिए बेहतर अवसर और मजबूत आधार मिलेगा।

30/07/2026

Foreign Assets? Don't Ignore Schedule FA in Your ITR
Many taxpayers unknowingly miss Schedule FA (Foreign Assets) while filing their Income Tax Return. This disclosure is mandatory for Resident and Ordinarily Resident (ROR) taxpayers who hold foreign bank accounts, investments, shares, property, or any other foreign assets.

⚠️ Non-disclosure can have serious consequences:
✔️ File accurately.
✔️ Disclose completely.
✔️ Stay compliant.
A small disclosure today can save you from major complications tomorrow.

26/07/2026

18/07/2026

CBDT Notifies Cost Inflation Index (CII) for FY 2026-27 at 384

The Central Board of Direct Taxes (CBDT) has issued Notification S.O. 3889(E) dated 15 July 2026, notifying the Cost Inflation Index (CII) for Financial Year 2026-27 as 384.

Key Highlights:
✅ Cost Inflation Index (CII): 384
✅ Applicable for Tax Year 2026-27 and subsequent tax years.
✅ Effective from 1 April 2026.
✅ Issued under Section 72(8)(a) of the Income-tax Act, 2025.

The Cost Inflation Index is a critical factor in determining the INDEXED COST of acquisition and improvement for eligible capital assets. It plays a significant role in computing CAPITAL GAIN TAX, ensuring that the impact of inflation is appropriately considered while calculating taxable gains.

16/07/2026

https://www.youtube.com/watch?v=ol8yOLfQRjA

Filing your Income Tax Return (ITR) doesn't have to be confusing....

14/07/2026

Resident Individual with Foreign Assets or Foreign Income? Don't Miss This Important ITR Requirement!

If you are an Indian Resident and hold foreign assets or have earned foreign income during the financial year, filing your Income Tax Return (ITR) is not optional—it is a statutory requirement under the Income-tax Act.

To ensure complete compliance for AY 2026–27, remember to:

✅ Choose the correct ITR Form.
✅ Accurately disclose your Foreign Assets in Schedule FA.
✅ Report your Foreign Source Income and claim eligible foreign tax credit through Schedule FSI, wherever applicable.
✅ Verify all disclosures carefully before filing.

⚠️ Non-disclosure of foreign assets or foreign income can lead to serious legal consequences, including penalties under the applicable provisions of law.

Stay Compliant. Stay Transparent. Stay Tax-Smart.

File your relevant ITR for AY 2026–27 before the due date.

File your return at:
https://www.incometax.gov.in

11/07/2026

CBDT Authorises Upload of AEOI Information in Form 26AS – A Significant Step Towards Greater Tax Transparency

The Central Board of Direct Taxes (CBDT) has issued an Order (F.No. 225/73/2025-ITA-II) dated 08 July 2026, authorising the Director General of Income-tax (Systems) to upload information received under the Automatic Exchange of Information (AEOI) framework into taxpayers' Form 26AS (Annual Information Statement).

Key Highlights:

✅ Information received under international agreements covered under Sections 90 & 90A of the Income-tax Act will now be reflected in Form 26AS.

✅ The order covers information relating to:
• 01.01.2022 – 31.12.2022
• 01.01.2023 – 31.12.2023
• 01.01.2024 – 31.12.2024
(to be uploaded within 90 days from the date of the order)

✅ For information relating to 01.01.2025 – 31.12.2025 and onwards, the upload shall be made within **90 days from the end of the month** in which such information is received.

Why is this important?

This move will significantly enhance transparency in cross-border financial reporting. Taxpayers having foreign bank accounts, investments, financial assets, or income reported by partner jurisdictions should carefully reconcile the information appearing in Form 26AS with their Income-tax Returns.

Any mismatch between foreign information available with the tax department and the disclosures made in the ITR may attract scrutiny.

Recommendation for Taxpayers & Professionals:
✔️ Regularly review Form 26AS and AIS.
✔️ Ensure complete disclosure of foreign assets and income wherever applicable.
✔️ Reconcile all overseas financial information before filing or revising the Income-tax Return.

This is another step by the Government towards strengthening global tax compliance and promoting transparency under international information-sharing agreements.