B&B Tax

02/09/2026

Compliance Calendar September 2026 | Key Tax & Regulatory Due Dates

Stay updated with the important compliance deadlines for September 2026
with the latest Compliance Calendar compiled by Team B & B TAX.

This calendar covers key due dates relating to:
- Income Tax and TDS/TCS compliance
- GST returns including GSTR-1, GSTR-3B, GSTR-5, GSTR-6 and GSTR-7
- GSTR-8 and IFF under the QRMP Scheme
- Advance Tax – 2nd Instalment
- PF & ESI payments
- Professional Tax
- CCFS 2026 extended deadline
- Tax Audit and related Income Tax forms
- Company and LLP Audit
- AGM last date
- Other important statutory compliances

The major compliance dates in September include 7 September, 10 September, 11 September, 13 September, 15 September, 20 September, 25 September and 30 September 2026.

Businesses, professionals, taxpayers and compliance teams should review the applicability of each requirement and plan their filings and payments well in advance to avoid late fees, interest and other consequences.

Compiled by Team B & B TAX
Tax | Accounting | Compliance | Advisory
For queries:
Call/WhatsApp: 91-9810762660 / 91-9540721079
Email: [email protected] / [email protected]
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01/09/2026

BIG TAX UPDATE | FAST-DS 2026 NOW LIVE

Foreign Assets of Small Taxpayers – Disclosure Scheme, 2026 (FAST-DS 2026)

The Income Tax Department has now enabled Form 1 for filing on the e-Filing Portal.

WHAT IS FAST-DS 2026?

FAST-DS 2026 is a one-time compliance opportunity for eligible taxpayers to disclose certain:

🔹 Undisclosed foreign assets
🔹 Undisclosed foreign income
🔹 Foreign assets acquired while being non-resident but not subsequently disclosed
🔹 Certain foreign assets acquired from income already offered to tax in India but not reported in the relevant ITR schedule

WHO SHOULD REVIEW THEIR CASE?
Particularly relevant for:
✅ Individuals holding foreign bank accounts
✅ Foreign shares / investments
✅ ESOPs / RSUs received from overseas employers
✅ Foreign insurance policies
✅ Returning NRIs / persons who became residents
✅ Foreign assets acquired during overseas employment
✅ Taxpayers who inadvertently missed disclosure in Schedule FA

KEY MONETARY LIMITS
Category 1:
Where aggregate undisclosed foreign asset + foreign income does not exceed ₹1 Crore, specified tax/additional amount applies under the Scheme.
Category 2:
Certain foreign assets up to ₹5 Crore may qualify for a ₹1 Lakh fee, subject to prescribed conditions.

The valuation of relevant assets is linked to 31 March 2026 as the prescribed valuation date.
IMPORTANT DEADLINE
Form 1 can be filed from 16 August 2026 to 31 December 2026.

Foreign asset cases require careful examination of:
➡️ Source of acquisition
➡️ Year of acquisition
➡️ Residential status
➡️ Historical ITRs
➡️ Schedule FA disclosures
➡️ Valuation and foreign currency conversion
➡️ Supporting documents

FAST-DS 2026 therefore deserves a case-by-case professional review, especially for taxpayers with historical foreign assets or overseas income.

If you have any undisclosed foreign asset/income, this is the right time to review the position and assess eligibility under FAST-DS 2026.

28/08/2026

25/08/2026

REMINDER
=========
MCA COMPLIANCE DEADLINE EXTENDED — DON’T MISS IT

Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) has been extended up to 31st August 2026 by the Ministry of Corporate Affairs.

!!NOW ONLY FEW DAYS LEFT!!

LAST DATE: 31 AUGUST 2026

Treat this as a final reminder — check your MCA compliance status today!

18/08/2026

Income Tax Department’s Nationwide Action on Suspicious Foreign Remittances

The Income Tax Department has launched a nationwide detailed verification exercise into suspicious outward foreign remittances involving shell entities and questionable transactions.

Key findings highlighted by CBDT:
• Several entities remitted large amounts of foreign exchange despite reporting very small turnover or being non-filers.
• Remittances did not appear to match the stated purposes such as freight, software or consultancy services.
• Many entities were reportedly not operating from their declared addresses.
• A large number of Form 15CB certificates were issued by a relatively small group of professionals.
• Remitted funds were received by a clustered group of entities.
• The verification exercise covers approximately 394 entities, including 117 entities located in land-border States, and 36 professionals.
A very important message for professionals

Form 15CB is not merely a procedural certification.

An Accountant certifying a foreign remittance is expected to verify the taxability of the remittance with reference to books of account and relevant supporting documents and exercise proper due diligence, professional judgment and care.
“Certification” means responsibility.
This development is a strong reminder for every professional handling Form 15CB/Form 146:

04/08/2026

#गयाजी बनेगा बिहार का नया खेल हब!

बिहार के खिलाड़ियों के लिए एक बड़ी और उत्साहजनक खबर!
गया में अगले 15 दिनों के भीतर आधुनिक स्पोर्ट्स इंफ्रास्ट्रक्चर का मास्टर प्लान तैयार किया जाएगा। इस योजना के तहत अंतरराष्ट्रीय स्तर की खेल सुविधाओं का विकास किया जाएगा, जिससे स्थानीय खिलाड़ियों को अपने ही जिले में बेहतर प्रशिक्षण और आधुनिक संसाधन उपलब्ध होंगे।

प्रस्तावित प्रमुख सुविधाएँ:
✅ मॉडर्न एथलेटिक्स ट्रैक
✅ ओपन जिम एवं ग्रीन पार्क
✅ इनडोर और आउटडोर खेल सुविधाएँ
✅ खिलाड़ियों एवं प्रशिक्षकों के लिए आवासीय व्यवस्था
✅ महिलाओं के लिए अलग योग एवं फिटनेस सेंटर
✅ खेल परिसर का चरणबद्ध आधुनिकीकरण

यह पहल न केवल गया बल्कि पूरे बिहार के खेल भविष्य को नई दिशा देगी। अब प्रतिभाओं को आगे बढ़ने के लिए बेहतर अवसर और मजबूत आधार मिलेगा।

30/07/2026

Foreign Assets? Don't Ignore Schedule FA in Your ITR
Many taxpayers unknowingly miss Schedule FA (Foreign Assets) while filing their Income Tax Return. This disclosure is mandatory for Resident and Ordinarily Resident (ROR) taxpayers who hold foreign bank accounts, investments, shares, property, or any other foreign assets.

⚠️ Non-disclosure can have serious consequences:
✔️ File accurately.
✔️ Disclose completely.
✔️ Stay compliant.
A small disclosure today can save you from major complications tomorrow.