🚨 BIG INCOME TAX COMPLIANCE CHANGE FROM 1 APRIL 2026 🚨
Now maintaining books of account is not enough…Under new Rule 46(8) of Income-tax Rules, 2026, businesses and professionals maintaining books in electronic mode may now be required to:
✅ Take DAILY backup of books of account
✅ Store backup on servers physically located in INDIA
✅ Ensure books remain accessible in India at all times
This rule can impact:
📌 Tally Users
📌 Zoho Books Users
📌 Cloud Accounting Users
📌 ERP Systems (SAP/Oracle etc.)
📌 Companies & LLPs
📌 Professionals & Businesses under tax audit
⚠ Weekly backup may not be sufficient.
⚠ Foreign cloud storage without India replication may become risky.
Tax Audit Reports may also require reporting regarding compliance of Rule 46(8).
Non-compliance may lead to:
❌ Penalty under Income Tax Act
❌
now review:
✔ Daily Backup policy
✔ Server location
✔ Cloud infrastructure
✔ Audit trail systems
✔ Data retention process
This is one of the biggest digital compliance changes introduced under Income-tax Rules, 2026.
I have draft email for asking such details
For detail Video refer - https://t.co/EABhsQvVA2
#IncomeTax #Rule468 #TaxAudit #IncomeTaxRules2026 #Tally #ZohoBooks #CloudAccounting #BusinessCompliance #ERP #CA #TaxUpdate #FinTaxPro
🚨 GST Publication Update! The GST&IDTC has released the revised 3rd Edition of 📘“Handbook on Returns and Payments under GST”
✅ Latest updates
✅ Practical insights
✅ Must-read for professionals
Click here- https://t.co/cri5xWmzNB
@theicai@FCAUmeshSharma@rajendrakumarRK
🟥 [IMPORTANT] ICAI Releases booklet “Income-tax Rules, 2026” with Tabular Mapping of Rules and Forms vis-a-vis Income tax Rules, 1962 and Forms
Download Complete Booklet at: https://t.co/WP1FxJLK1d
8 साल बीत गए। लगता है जैसे कल की बात हो। GST जब लागू हुआ तो बहुत लोगों को लगता था, GST से सब अच्छा हो जायेगा, मेरा कहना था, सिर्फ कानून बदलने से कुछ नहीं होगा,पुराने Tax Officers को बदलना पड़ेगा। खैर ये तो PM और FM के level की बात है,पर कोशिश करूँगा GST फिर से।
#MyXAnniversary
Hi Friends, Just Sharing Compliance Calendar for the month of March - 25. It contains dates for common compliance, for trade/industry related, kindly refer related Laws. Also, for any changes Keep reading Govt’s Notifications/Circulars/Press Releases. Thanks
Most of new Applications of GST Registrations are being cancelled/rejected with no valid reasons. Jobs are not available. Starting Business is also not easy. Not aware about other states, but in NCR, there is lots of problems. One Application rejected Twice after Applied again.
आयकर अधिनियम,1961 के अनुसार, सभी पैन धारकों के लिए जो छूट की श्रेणी में नहीं आते हैं, 31.03.2023 से पहले अपने पैन को आधार से जोड़ना अनिवार्य है। जो पैन आधार से नहीं लिंक किए गए हैं,वे पैन 01.04.2023 से निष्क्रिय हो जाएंगे।
जो अनिवार्य है,वह आवश्यक है। देर न करें, आज ही लिंक करें!
If you have any inquiries related to Corporate Tax, please visit the “Corporate Tax and Frequently Asked Questions” page on our website:
https://t.co/Ti18AlElnL
#CorporateTax#UAECT#mofuae#MinistryofFinance#UAE
تخضع الأعمال في الدولة لضريبة الشركات بنسبة ثابتة تبلغ 9% على الدخل الخاضع للضريبة الذي يتجاوز مبلغ 375,000 درهم إماراتي، اعتباراً من سنتها المالية الأولى التي تبدأ من أو بعد 1 يونيو 2023
https://t.co/NcDbZecdez
#ضريبة_الشركات#ضريبة_شركات_الإمارات#وزارة_المالية_الإمارات
Now a days applying for GST Registration and getting Registered at Once is a big achievement. If scan is not clear (even 90% clear), Rent agreement stamp duty difference etc, Will make objection 2-3 times. Ease of Doing Business in only a Myth. Really need a Good FM.
Attention TDS Filers:
Date of filing of Form 26Q for the quarter July-September, 2022 only stands extended from 31st October, 2022 to 30th November, 2022. The due date for filing of other TDS Forms for the quarter July-September, 2022 remains unchanged as 31st October, 2022.
CBDT extends the due date of filing of Form 26Q for the second quarter of Financial Year 2022-23 from 31st October, 2022 to 30th November, 2022.
Circular No. 21 of 2022 dated 27.10.2022 issued.
https://t.co/iMzSCtcrJd