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ICAI Issues September and November 2026 CA Exam Guidance

ICAI Issues September and November 2026 CA Exam Guidance

11th Aug 2026

ICAI has created an official examination resource covering the September 2026 Foundation and Intermediate examinations and the November 2026 Final examinations. It brings together application requirements, important-date and fee resources, exemption facilities and course-specific guidance.

ICAI

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Income Tax Portal Adds 13 Statutory Forms, Expands Return Utility Availability

Income Tax Portal Adds 13 Statutory Forms, Expands Return Utility Availability

11th Aug 2026

The Income Tax Department has made 13 additional statutory forms, including quarterly forms, available on the e-filing portal. It has also enabled AY 2026-27 return utilities across ITR categories and released Excel utilities for updated returns for AY 2022-23.

Income Tax

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CBDT Exempts Specified Payments to Eligible IFSC Units from TDS

CBDT Exempts Specified Payments to Eligible IFSC Units from TDS

11th Aug 2026

CBDT Notification No. 80/2026, dated 13 July 2026, exempts specified payments received by eligible IFSC units from tax deduction at source under the Income-tax Act, 2025. The covered categories reported in the update include interest, dividends, professional fees, commission and brokerage.

Income Tax

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AY 2026-27 Returns Stay Under 1961 Act Despite Tax Law Transition

AY 2026-27 Returns Stay Under 1961 Act Despite Tax Law Transition

11th Aug 2026

Returns for income earned in FY 2025-26 will remain governed by the Income-tax Act, 1961, even though they are filed after the new law takes effect. The Income Tax Department has clarified the treatment of belated, revised and updated returns during the transition.

Income Tax

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Outward RCM Supplies Must Not Be Classified as Exempt in GSTR-3B

Outward RCM Supplies Must Not Be Classified as Exempt in GSTR-3B

11th Aug 2026

Supplies on which the recipient pays GST under reverse charge remain taxable supplies and should not be reported as exempt in Form GSTR-3B. Suppliers must disclose the invoices in Form GSTR-1 with the reverse-charge indication, preserving the distinction between taxability and responsibility for paying tax.

GST

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CBIC Issues Circular on GST Jurisdiction After Taxpayer Migration

CBIC Issues Circular on GST Jurisdiction After Taxpayer Migration

11th Aug 2026

CBIC Circular 255/01/2026-GST, dated 25 June 2026, addresses jurisdiction in cases where a taxable person migrates or is transferred from one jurisdiction to another. The clarification is relevant to pending proceedings and administrative work involving transferred taxpayers.

GST

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SEBI’s Reported GARUDA Route Seeks Faster Processing of AIF Placement Memoranda

SEBI’s Reported GARUDA Route Seeks Faster Processing of AIF Placement Memoranda

11th Aug 2026

SEBI’s GARUDA green-channel mechanism is intended to accelerate the processing of eligible Alternative Investment Fund placement memoranda upon acknowledgement of prescribed documents, increasing the importance of robust pre-filing compliance review.

SEBI

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Foreign Asset CRS/FATCA Information Becomes Visible in AIS

Foreign Asset CRS/FATCA Information Becomes Visible in AIS

11th Aug 2026

The Income Tax Department has reported that foreign asset information received through CRS and FATCA can now be viewed in the Annual Information Statement. Taxpayers with overseas financial interests should examine the information carefully and reconcile it with their records before finalising return disclosures.

Income Tax

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ICAI FAQs clarify GSTR-3B ITC reporting for import-service RCM

ICAI FAQs clarify GSTR-3B ITC reporting for import-service RCM

11th Aug 2026

FAQs attributed to ICAI clarify how eligible input tax credit on import-service reverse charge should be treated when it is reported in Table 4(A)(3) of GSTR-3B. The clarification distinguishes a return-classification error from the underlying eligibility of the credit.

GST

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Section 6(2)(b) Shields Taxpayers From Parallel GST Adjudication

Section 6(2)(b) Shields Taxpayers From Parallel GST Adjudication

11th Aug 2026

Section 6(2)(b) addresses parallel GST proceedings where central and State authorities pursue the same matter. A defensible objection requires a transaction-level comparison of the liabilities and a clear Electronic Liability Register trail.

GST

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