Taxmann Professionals

‣ 𝐑𝐞𝐚𝐬𝐨𝐧𝐚𝐛𝐥𝐞 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐲 – Utilisation of at least ₹10 lakh of foreign contribution in the preceding two financial years becomes relevant for the prescribed renewal/cancellation test ‣ 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 – Revised forms require more granular activity, donor, website, social-media and utilisation disclosures, strengthening transparency and traceability Read the Full Article for FREE! https://taxmann.social/ujPZb [16 Mins | Read Time] Authored by: CA Naresh Kumar Kabra – Designated Partner | R Sogani & Associates LLP, Chartered Accountants #TaxmannUpdates #FCRA #FCRAAmendmentRules #ForeignContribution #NGOCompliance #FCRACompliance #CorporateLaw #RegulatoryCompliance #ForeignFunding

#CorporateLaw #Opinion The FCRA Amendment Rules, 2026 bring significant changes to registration, governance and reporting for organisations receiving foreign contributions. The revised framework moves towards purpose- and geography-specific approvals, stronger disclosures and closer monitoring of fund utilisation. This article examines the key amendments and their practical compliance implications for FCRA-registered organisations. ‣ 𝐏𝐮𝐫𝐩𝐨𝐬𝐞 & 𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐲 – Registration must specify approved purposes and States/UTs, while existing entities must align their registration through Form FC-6F ‣ 𝐊𝐞𝐲 𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧𝐚𝐫𝐢𝐞𝐬 – The Rules formally define key functionaries and tighten the framework concerning foreign nationals in governance roles ‣ 𝐏𝐫𝐢𝐨𝐫 𝐏𝐞𝐫𝐦𝐢𝐬𝐬𝐢𝐨𝐧 – Form FC-3BB has been introduced for release of subsequent instalments, linked with utilisation of the earlier instalment and supporting documentation

‣ 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐦𝐩𝐚𝐜𝐭 – Sellers and logistics players may need to reassess pricing, contracts, invoicing and registration positions Read the Full Article for FREE! https://taxmann.social/TjPLS [11 Mins | Read Time] Authored by: Sunil Kumar Sharma – Chartered Accountant, AGM | Venus Remedies Limited #TaxmannUpdates #GSTRegime #GSTCouncil #ECommerce #GSTRegistration #InputTaxCredit #DigitalCommerce

#GST #Opinion The 57th GST Council’s e-commerce proposals combine a lower GST rate on delivery services with easier registration for small online sellers. However, the proposed 5% delivery rate comes without input tax credit, creating a trade-off between a lower headline rate and the cost of blocked credit. This article examines the implications for e-commerce platforms, sellers and delivery businesses. ‣ 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 – 5% GST without ITC is proposed for delivery services relating to goods supplied or ordered through an ECO ‣ 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟗(𝟓) – For specified delivery services supplied through an ECO by persons not liable for registration, the ECO would pay GST ‣ 𝐄𝐚𝐬𝐢𝐞𝐫 𝐑𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 – Eligible small sellers may register in another State using the ECO’s warehouse as their Principal Place of Business ‣ 𝐂𝐨𝐬𝐭 𝐨𝐟 𝐋𝐨𝐬𝐭 𝐂𝐫𝐞𝐝𝐢𝐭 – Denial of ITC may increase embedded tax costs and affect margins despite the lower output rate

Empowering informed corporate-law decisions. https://taxmann.social/OjPJB [Read Time: 05 mins] Curated updates, incisive analysis, and primary sources—built for corporate, compliance, and legal teams. Join our community of 100,000+ professionals; access content curated by Taxmann’s Editorial Board from 1,000+ sources – https://lnkd.in/db9bE2tM #TaxmannUpdates #PMLA #MoneyLaundering #Bail #HighCourt

#InternationalTax #WorldTaxNews [New Column] Taxmann’s World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week. Topics Covered: • UAE issues guide clarifying scope and registration requirements for Top-up Tax • Malaysia's 2027 budget proposes income tax reliefs, MSME tax rate cuts and extensions of key tax incentives • New Zealand inland revenue issues draft guidance on depreciation of low-value assets for consultation Read the Full Column: https://taxmann.social/pjPkc [5 Mins | Read Time] Drafted by Taxmann’s Research & Editorial Team #TaxmannUpdates #InternationalTaxation #UAE #RegulatoryUpdates #Malaysia #Newzealand #MSME

‣ 𝐕𝐞𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐋𝐢𝐦𝐢𝐭𝐬 – Why BRSR Core assessment or assurance improves confidence in specified data but does not certify strategy, sustainability or risk management Pasted markdown ‣ 𝐑𝐢𝐬𝐤 & 𝐆𝐫𝐞𝐞𝐧𝐰𝐚𝐬𝐡𝐢𝐧𝐠 – How water stress, safety incidents, supplier risks and selective sustainability claims can create commercial, regulatory and reputational exposure Pasted markdown ‣ 𝐀𝐜𝐚𝐝𝐞𝐦𝐢𝐜 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐜𝐲 – How interdisciplinary expertise in Law, Management, Commerce, Economics, Psychology and English can strengthen Board preparedness without replacing statutory responsibility Pasted markdown Read the Full Article for FREE! https://taxmann.social/qjOMh [19 Mins | Read Time] Authored by: Dr. Ranjith Krishnan – Associate Professor, CHRIST University Delhi NCR, CS George P. Mathew – Director, Hanhold Consulting Pvt. Ltd., Kochi & CMA Arunabha Saha – Practising Cost Accountant, Thane #TaxmannUpdates #BRSR #CorporateGovernance #ESG #BoardOfDirectors #SustainabilityReporting #BRSRCore #InvestorProtection #Greenwashing #SEBI #CorporateLaw

#CorporateLaw #Opinion BRSR has moved sustainability information into the mainstream disclosure framework for India’s leading listed companies. But filing the report is only the starting point—the real governance question is whether Boards can interpret material ESG information, challenge management explanations and act on emerging risks. Pasted markdown This article examines why effective BRSR oversight requires informed Board judgment, stronger sustainability literacy and integration of ESG information into business and risk decisions. ‣ 𝐁𝐨𝐚𝐫𝐝𝐫𝐨𝐨𝐦 𝐋𝐢𝐭𝐞𝐫𝐚𝐜𝐲 – Why directors must understand material sustainability indicators rather than merely confirm that BRSR has been filed Pasted markdown ‣ 𝐃𝐚𝐭𝐚 𝐯𝐬. 𝐉𝐮𝐝𝐠𝐦𝐞𝐧𝐭 – Why management teams may prepare accurate numbers, but responsibility for questioning their business implications cannot simply be delegated Pasted markdown

𝗙𝗘𝗦𝗧𝗜𝗩𝗔𝗟 𝗢𝗙 𝗗𝗘𝗔𝗟𝗦 𝗖𝗢𝗡𝗧𝗜𝗡𝗨𝗘𝗦 Still have books, journals or subscriptions on your list? Use code 𝗙𝗘𝗦𝗧𝗜𝗩𝗘𝟮𝟲 at checkout to get an 𝗮𝗱𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝟭𝟬% 𝗼𝗳𝗳 𝗼𝗻 𝗯𝗼𝗼𝗸𝘀, over and above existing discounts of up to 30%. The 𝟭𝟬% 𝗼𝗳𝗳 also applies to journals and subscriptions. 𝗢𝗳𝗳𝗲𝗿 𝘃𝗮𝗹𝗶𝗱 𝘁𝗶𝗹𝗹 𝟱𝘁𝗵 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟲. 𝗦𝗵𝗼𝗽 𝗻𝗼𝘄 𝗮𝘁 𝘁𝗵𝗲 𝗧𝗮𝘅𝗺𝗮𝗻𝗻 𝐁𝐨𝐨𝐤𝐬𝐭𝐨𝐫𝐞 https://taxmann.social/ljTNG *T&Cs apply.*

‣ 𝐓𝐡𝐞 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚𝐧 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐚𝐧𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐦𝐦𝐢𝐬𝐬𝐢𝐨𝐧 (𝐀𝐒𝐈𝐂) • ASIC identifies ongoing concerns in valuation of unlisted superannuation investments 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐂𝐨𝐥𝐮𝐦𝐧 𝐍𝐨𝐰: https://taxmann.social/jjON3 [5-Minute Read] Prepared by 𝐓𝐚𝐱𝐦𝐚𝐧𝐧'𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐄𝐝𝐢𝐭𝐨𝐫𝐢𝐚𝐥 𝐓𝐞𝐚𝐦 #TaxmannUpdates #AccountingStandards #IFRS #AuditAndAssurance #FinancialTransparency #CorporateGovernance #AccountingUpdates #TaxmannUpdates

#GlobalFinancialInsights #Accounting #Auditing [𝐍𝐞𝐰 𝐂𝐨𝐥𝐮𝐦𝐧] 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 is designed to inform you about the most significant global developments in financial reporting and auditing practices. 𝐇𝐞𝐫𝐞'𝐬 𝐚 𝐆𝐥𝐢𝐦𝐩𝐬𝐞 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐖𝐞𝐞𝐤'𝐬 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: ‣ 𝐓𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐂𝐨𝐮𝐧𝐜𝐢𝐥 (𝐅𝐑𝐂) • Financial Reporting Council publishes thematic reviews on intangible value drivers and financial instruments reporting • Financial Reporting Council issues guidance to support early adoption of revised ISA (UK) 700 ‣ 𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐀𝐮𝐝𝐢𝐭𝐢𝐧𝐠 𝐚𝐧𝐝 𝐀𝐬𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 𝐁𝐨𝐚𝐫𝐝 (𝐈𝐀𝐀𝐒𝐁) • IAASB launches Interactive Technology Catalog to track emerging trends in Audit and Assurance

Make every day count with Taxmann Daily. https://taxmann.social/rjOBG [Read Time: 5 minutes] Stay current on the most significant developments across tax and allied laws—authoritative, succinct, actionable. Join our community of 100,000+ professionals; access content curated by Taxmann’s Editorial Board from 1,000+ sources – https://taxmann.social/tRzS #TaxmannUpdates #IncomeTax #ITAT #CBDT #Reassessment #Section148 #TaxExemptions

Make every day count with Taxmann Daily. https://taxmann.social/rjOBG [Read Time: 5 minutes] Stay current on the most significant developments across tax and allied laws—authoritative, succinct, actionable. Join our community of 100,000+ professionals; access content curated by Taxmann’s Editorial Board from 1,000+ sources – https://taxmann.social/tRzS #TaxmannUpdates #IncomeTax #ITAT #CBDT #Reassessment #Section148 #TaxExemptions

#IncomeTax #CaseLaw Rent Disallowance Deleted as Tribunal Upheld Premises Use for Business Matching Earlier Year’s Facts: ITAT Read the (Pune) Tribunal Order: https://taxmann.social/7jOZW Citation: [2026] 190 taxmann.com 1040 (Pune-Trib.) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #BusinessExpenditure

#FEMA #CaseLaw SC Grants PMLA Bail on Article 21 Grounds; Five-Day Delay Under Sec. 19(2) Did Not Vitiate Arrest Read the Supreme Court Order: https://taxmann.social/8jOLR Citation: [2026] 191 taxmann.com 405 (SC) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #PMLA

#IncomeTax #CaseLaw Investment of Net Sale Proceeds in Long-Term Bank Fixed Deposits Deemed Acquisition of New Capital Asset for Sec. 11(1A) Exemption as per CBDT Instruction No. 883: ITAT Read the (Mumbai) Tribunal Order: https://taxmann.social/rjOKS Citation: [2026] 190 taxmann.com 963 (Mumbai-Trib.) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #Section11

#GST #CaseLaw HO-Branch Support Services Valued Nil in Absence of Invoice; IGST Demand Impermissible per Rule 28: HC Read the (Gujarat) High Court Order: https://taxmann.social/TjOJ6 Citation: [2026] 191 taxmann.com 417 (Gujarat) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #Rule28

#GST #CaseLaw Scheduled Fee Under Tender for Chendamelam Includes All Taxes; No Right to Levy Additional GST From Artists: HC Read the (Kerala) High Court Order: https://taxmann.social/4jOHO Citation: [2026] 191 taxmann.com 304 (Kerala) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #GSTLiability

#GST #CaseLaw Composite SCN for Multiple Years Under GST Held Invalid; Fresh Annual Notices Permitted: HC Read the (Kerala) High Court Order: https://taxmann.social/WjOGQ Citation: [2026] 191 taxmann.com 300 (Kerala) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #ShowCauseNotice

#IncomeTax #CaseLaw Disallowance of Unpaid GST/Service Tax Confirmed Under Sec. 43B as Amounts Collected but Not Paid by Due Date: ITAT Read the (Delhi) Tribunal Order: https://taxmann.social/fjOFZ Citation: [2026] 190 taxmann.com 1049 (Delhi-Trib.) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #Section43B