https://tkchandy.com/blog/ Income tax, GST, audit and company law insights for India from T K Chandy & Associates. en-ae Thu, 29 Oct 2026 00:00:00 GMT https://tkchandy.com/tax-compliance-calendar-2026-27/ https://tkchandy.com/tax-compliance-calendar-2026-27/ Thu, 29 Oct 2026 00:00:00 GMT compliance The key dates for the rest of FY 2026-27 are the ITR for audit cases (extended to 21 November 2026), transfer pricing returns (30 November), advance tax (15 December and 15 March), GSTR-9 and 9C and the belated return for AY 2026-27 (31 December), and revised returns for AY 2026-27 (31 March 2027). https://tkchandy.com/gst-updates-2026/ https://tkchandy.com/gst-updates-2026/ Thu, 29 Oct 2026 00:00:00 GMT gst Since 22 September 2025, GST has two main rates, 5% and 18%, plus a 40% rate for demerit goods. Annual returns GSTR-9 and 9C for FY 2025-26 are due by 31 December 2026, and the 57th GST Council on 8 October 2026 recommended lower penalties, a higher prosecution threshold, automated refunds and wider input tax credit, which still need to be notified. https://tkchandy.com/union-budget-2026-27-highlights/ https://tkchandy.com/union-budget-2026-27-highlights/ Mon, 02 Feb 2026 00:00:00 GMT budget The Union Budget 2026-27, presented on 1 February 2026, kept income tax slabs unchanged but extended the revised return deadline to 31 March, cut TCS on overseas tours and education remittances to 2%, made MAT a final tax at 14%, taxed buybacks as capital gains, raised STT on F&O and removed the TAN requirement for individuals buying property from NRIs. https://tkchandy.com/tax-savings-for-nris-dtaa/ https://tkchandy.com/tax-savings-for-nris-dtaa/ Mon, 20 Jan 2025 00:00:00 GMT nri-tax An NRI can avoid paying tax twice on the same income by claiming relief under India's Double Taxation Avoidance Agreement (DTAA) with the country of residence. Under the Income-tax Act, 2025, you need a Tax Residency Certificate and Form 41 (which replaced Form 10F), and you can reduce TDS in advance with a lower-deduction certificate on Form 128. https://tkchandy.com/income-tax-and-the-share-market-in-india/ https://tkchandy.com/income-tax-and-the-share-market-in-india/ Tue, 14 Jan 2025 00:00:00 GMT income-tax For tax year 2026-27, short-term gains on listed shares and equity mutual funds are taxed at 20%, and long-term gains at 12.5% on the amount above ₹1.25 lakh a year. Dividends are taxed at your slab rate, F&O trading is business income, STT on futures and options went up from 1 April 2026, and buyback proceeds are now taxed as capital gains.