TaxCoach, E-1, FF, Nehru Ground, NIT Faridabad, Faridabad (2026)

30/09/2026

📢 TDS on Property Purchased from Non-Resident — New Framework from 1 October 2026

CBDT Notification No. 121/2026 dated 22 September 2026 brings important changes for Resident Individuals & HUFs purchasing property from Non-Residents.

🔹 Key changes:
✅ No TAN required — TDS compliance through PAN
✅ Form 141 with new Schedule E
✅ Detailed reporting of property, consideration, buyer/seller shares, instalments, TRC & foreign TIN
✅ TDS deposit & filing timelines prescribed under the new framework
✅ TDS rates and lower/nil deduction certificate provisions remain unchanged

📌 Takeaway: NRI property transactions now require greater documentation and transaction-level reporting.

07/01/2026

Major Update: ITAT Rules 1963 Amended!
The Income Tax Appellate Tribunal has officially shifted gears toward a digital-first approach effective January 3, 2026. For tax practitioners and litigators, this means a significant change in daily compliance workflows.
Key Takeaways for your next filing:

• Go Paperless: Triplicate filings are out. Submit just one set of the memorandum and documents.
• DSC is Mandatory: Digital signatures are now a must—manual signatures will no longer suffice for appeals.
• Precision Matters: Form 36 now requires verified email and mobile details. Inaccurate info means missed notices!
• DRP Specifics: Ensure TP orders, draft assessments, and DRP directions are included.

Stay compliant and update your filing checklists immediately!

16/12/2025

𝗖𝗦𝗥 𝗧𝗵𝗿𝗲𝘀𝗵𝗼𝗹𝗱𝘀 𝗔𝗿𝗲 𝗕𝗲𝗶𝗻𝗴 𝗟𝗼𝘄𝗲𝗿𝗲𝗱 — 𝗠𝗼𝗿𝗲 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗪𝗶𝗹𝗹 𝗡𝗼𝘄 𝗙𝗮𝗹𝗹 𝗨𝗻𝗱𝗲𝗿 𝗖𝗦𝗥

The Companies (Amendment) Bill, 2025 proposes reducing the CSR applicability limits to:

𝗡𝗲𝘁 𝘄𝗼𝗿𝘁𝗵 𝗼𝗳 ₹𝟭𝟬𝟬 𝗰𝗿𝗼𝗿𝗲, 𝘁𝘂𝗿𝗻𝗼𝘃𝗲𝗿 𝗼𝗳 ₹𝟱𝟬𝟬 𝗰𝗿𝗼𝗿𝗲, 𝗼𝗿 𝗻𝗲𝘁 𝗽𝗿𝗼𝗳𝗶𝘁 𝗼𝗳 ₹𝟯 𝗰𝗿𝗼𝗿𝗲.

This means many more companies will now be required to constitute a CSR Committee and undertake mandatory CSR spending.

For society, this could translate into significantly higher CSR contributions toward development, sustainability and community welfare.

A simple threshold change, but with wide impact.

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