📰June 2026 Newsletter (Direct Tax)

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

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

✅ Reader’s Digest:

1. Supreme Court on Retrospective Amendments under Benami Law
2. Tax Compliance for GIFT City Investors: Foreign Asset Reporting and TCS
3. Understanding Taxation of Pension and Family Pension under the Income-tax Act:
4. New ITR-4 Disclosure Rules for Small Businesses and Freelancers
5. ITR Related Updates
6. Maintenance of Books of Accounts
7. Investment need to disclose in ITR 4 from Tax Year 2025-26
8. Regulatory Updates – Form 97 & 98

✅ Key Income Tax Rulings, including case laws on:

• Hon’ble High Court condones delay in filing Form 10‑IC under Section 115BAA.
• Hon’ble Gujarat High Court quashes reopening under section 148 holding that vague loose papers without live link to assessee cannot justify reassessment proceedings.
• Hon’ble Supreme Court dismisses Revenue’s SLP, affirming Gujarat High Court’s ruling that 100% addition for bogus purchases is unjustified and restricting disallowance to 6%.

👉Get expert insights and stay tax-compliant.

Click here to open the Full PDF