Important Due Dates (Income Tax) for January 2026, Income Tax Updates – December 2025

Thursday, January 8, 2026

📰January 2026 Newsletter (Direct Tax)

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

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

✅ Key Income Tax Rulings, including case laws on:

  • No tax under Section 41(1) on outstanding loans unless liability is remitted or written back
  • TDS credit allowed even if not claimed in the return, to prevent double taxation
  • Joint Development Agreement not treated as transfer per se; Section 54 relief allowed on a holistic view
  • Entire tax demand stayed where gross receipts were taxed without considering expenditure of an educational institution
  • Non-resident salary for services rendered outside India held not taxable in India

 

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