📰April 2026 Newsletter (Direct Tax)

This month’s edition from S K Patodia & Associates LLP features:

✅ Key due dates for April 2026, including TDS/TCS deposits and issuance of TDS certificates

✅ Key Income Tax Rulings, including case laws on:

Assessment proceedings conducted in the name of a non-existent amalgamating company, despite prior intimation are void and without jurisdiction.
Where new plant and machinery are used for less than 180 days, the balance 50% of additional depreciation can be claimed in the subsequent year, and such benefit cannot be denied.
Reassessment based on third-party statements cannot be quashed at the section 148A stage merely due to absence of cross examination, as such right arises at the assessment stage under section 147.
Exemption under Section 11 cannot be denied for mere delay in filing Form 10B, where the return was filed on time.

✅ CBDT Notifications/Circular’s

✅ Income Tax Update’s on skpatodia.in

✅ Reader’s Digest: Income will be taxed in FY 2025-26 or in FY 2026-27?.

👉Get expert insights and stay tax-compliant.

Important Due Dates (Income Tax) for April 2026, Income Tax Updates – March 2026