CA Abdus samad Bandarkar

Practicing Chartered Accountant at Bandarkar & Co. , Pune. Business enquiry on: [email protected]

[CA Abdus samad Bandarkar @AbSamadB]

@taxguru_in Extension has already arrived.

[CA Abdus samad Bandarkar @AbSamadB]

Don’t make these 4 costly mistakes:
1. No ₹50L exemption: Unlike resident purchases (1% TDS above ₹50L), NRI sales require TDS from rupee one.
2. Entity restriction: This PAN relief applies strictly to Resident Individuals & HUFs. Companies/LLPs still need a TAN.
3. Multiple buyers: Each co-buyer must file a separate Form 141 for their respective share.

[CA Abdus samad Bandarkar @AbSamadB]

Big compliance relief for property buyers in India.

If you are buying immovable property from an NRI, you NO LONGER need a TAN from October 1, 2026.

Here is everything buyers and investors need to know about the new Form 141 process: 🧵👇

[CA Abdus samad Bandarkar @AbSamadB]

Until now, buying from a non-resident meant:
❌ Mandatory TAN registration for a one-off deal
❌ Separate TAN challan deposit
❌ Quarterly non-resident TDS return filing

From Oct 1, 2026:
✅ Pay & report on your own PAN via Form 141 (Schedule E)
✅ Transaction-wise filing
✅ Issue Form 132 directly via TRACES

[CA Abdus samad Bandarkar @AbSamadB]

Here is the official announcement. Thank you!
#taxaudit #ExtendedDueDate #Extend_Due_Date_Immediately

[Income Tax India @IncomeTaxIndia]

The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income for Assessment Year 2026-27 in the case of persons mentioned at S. No. 2 in the Table below Explanation 2 to sub-section (1) of section 139 of the Income-tax Act, 1961 from 31st October, 2026 to 21st November, 2026.

Accordingly, the 'specified date' for furnishing of the report of audit under the provisions of the Income-tax Act, 1961 for Assessment Year 2026-27, in the case of such persons, stands extended to 21st October, 2026

Press Release Issued.

[Income Tax India @IncomeTaxIndia]

The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income for Assessment Year 2026-27 in the case of persons mentioned at S. No. 2 in the Table below Explanation 2 to sub-section (1) of section 139 of the Income-tax Act, 1961 from 31st October, 2026 to 21st November, 2026.

Accordingly, the 'specified date' for furnishing of the report of audit under the provisions of the Income-tax Act, 1961 for Assessment Year 2026-27, in the case of such persons, stands extended to 21st October, 2026

Press Release Issued.

[CA Abdus samad Bandarkar @AbSamadB]

Its working fine now

[CA Abdus samad Bandarkar @AbSamadB]

ICAI UDIN portal is down for maintenance. Will be live in some time. Hope so!😀

[CA Abdus samad Bandarkar @AbSamadB]

ICAI UDIN portal is down for maintenance. Will be live in some time. Hope so!😀

[CA Abdus samad Bandarkar @AbSamadB]

Thank you ma'am for raising the issue.

[Supriya Sule @supriya_sule]

राष्ट्रवादी टॅक्स प्रॅक्टिशनर सेल शरदचंद्र पवार पक्षाचे महाराष्ट्र राज्यप्रमुख श्री. नागेश साळुंखे यांनी करदाते व Tax Professionals यांना भेडसावणाऱ्या अडचणींबाबत भेट घेऊन निवेदन दिले. आयकर विवरणपत्रांसाठी 31 जुलै आणि 31ऑगस्ट या अंतिम मुदतीनंतर कर लेखापरीक्षणासाठी 30 सप्टेंबरची मुदत अपुरी पडत असल्याचे निवेदनात नमूद करण्यात आले आहे.

कर निर्धारण वर्ष २०२६-२७ साठी कर लेखापरीक्षण अहवाल सादर करण्याची अंतिम मुदत ३० सप्टेंबर आहे. जीएसटी आणि टीडीएसशी संबंधित कामांचा ताण, प्राप्तिकर पोर्टलवरील तांत्रिक अडचणी, नुकतेच झालेले सण आणि २८ ते ३० सप्टेंबरदरम्यान प्रस्तावित देशव्यापी बँक संप यांमुळे सनदी लेखापाल, कर सल्लागार आणि करदात्यांना काम पूर्ण करताना अडचणी येत आहेत.

लेखापरीक्षणाचे काम अचूक आणि परिपूर्ण व्हावे, यासाठी अहवाल सादर करण्याची मुदत वाढवण्याची मागणी होत आहे.

केंद्रीय अर्थमंत्री मा. निर्मला सीतारामन जी यांनी या व्यावहारिक अडचणींचा सहानुभूतीपूर्वक विचार करून कर लेखापरीक्षण अहवाल सादर करण्याची तसेच संबंधित प्राप्तिकर विवरणपत्रे भरण्याची मुदत वाढवावी, ही विनंती. यामुळे करदात्यांना मोठा दिलासा मिळेल.

I received a representation from Shri Nagesh Salunkhe, State Head of the @NCPspeaks Tax Practitioners Cell, Maharashtra, highlighting the difficulties faced by taxpayers and tax professionals in completing tax audits within the current deadline. With the income tax return deadlines of 31 July and 31 August having already passed, the time available until 30 September is considered inadequate for completing tax audits that involve detailed verification, scrutiny and reconciliation.

For Assessment Year 2026-27, tax audit reports are due on 30 September. Chartered accountants, tax consultants and taxpayers are under pressure due to GST and TDS work, difficulties with the income tax portal, recent festivals and the proposed nationwide bank strike from 28 to 30 September.

I urge Hon. Nirmala Sitharaman Ji to extend the deadline for submitting tax audit reports, along with the corresponding deadline for filing income tax returns in audit cases. This would provide much-needed relief to taxpayers and allow the work to be completed accurately.

@nsitharaman @nsitharamanoffc @FinMinIndia

[CA Abdus samad Bandarkar @AbSamadB]

@PratibhaGoyal Right. Hope so they recover soon!

Anyways, we are also in similar sitaution. Due date anxiety & hope for extension as always!😀

[CA Abdus samad Bandarkar @AbSamadB]

The 4 stages of #TaxAudit season:
1️⃣ Denial: "We have plenty of time!"
2️⃣ Anger: "Why do clients wait until the last minute?!"
3️⃣ Bargaining: "Dear @IncomeTaxIndia, just 7 more days? Please?"
4️⃣ Acceptance: Brewing the 6th cup of coffee at 3 AM.

Which stage are you at today? ☕

[CA Abdus samad Bandarkar @AbSamadB]

There’s a unique kind of suspense that peaks right before a major filing deadline. Will the servers hold up? Will the last few client bank statements arrive? Or will we get that much-needed extension? The suspense is real. 🗓️⏳
#Extend_Due_Date #Extend_Due_Date_Immediately

[CA Abdus samad Bandarkar @AbSamadB]

@PratibhaGoyal Yes, I get such calls but never fell for it. Thanks!

[CA Abdus samad Bandarkar @AbSamadB]

Government should understand that not all tax payers / professionals use softwares for filing. Softwares might be able to tackle this rush but direct filers are suffering.
#extendduedateimmediately #ExtendDueDate
#extend_ITR_Due_Date
#extend_ITR_TAR_duedates

[CA Abdus samad Bandarkar @AbSamadB]

We request the CBDT to kindly extend the due date of ITR as IT portal is not working smoothly #Extend_Due_Date_Immediately
#extend_ITR_TAR_duedates
#Extend_due_date_now

[CA Abdus samad Bandarkar @AbSamadB]

Portal maintenance time extended to 3:50am now. Behold!!!

#Extend_Due_Date_Immediately
#ExtendDueDate

[CA Abdus samad Bandarkar @AbSamadB]

Extended time of portal maintenance 3:50am. #extend_itr_due_date_immediately

[CA Chirag Chauhan @CAChirag]

Even at midnight, the income tax portal is very very slow.

RT if agree

[CA Piyush Agarwal @piyush_CA]

@IncomeTaxIndia @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India @PIBFactCheck @MIB_India @IncomeTaxIndia @nsitharamanoffc
#extend_ITR_TAR_duedates
#extend_due_dates_immediately
#ExtendDueDate
#IT_Portal_Down
#AIS_Portal_Down
#Harassment_Pro_Max

[रजनीश तापड़िया ( Rajneesh Taparia) @rajneeshtaparia]

@ 12:27 AM portal not working
@IncomeTaxIndia @nsitharaman @FinMinIndia
#extend_ITR_TAR_duedates #extend_due_dates_immediately
#ExtendAuditDueDate
#extendduedates