Godika Arihant & Company

ITR Filing AY 2026-27 अब सिर्फ जुलाई की कहानी नहीं रही!

अब लगभग हर महीने कोई न कोई महत्वपूर्ण ITR Deadline है 👇

31 जुलाई – Non Audit (Non-Business Income)
31 अगस्त – Non Audit Business Income
31 अगस्त – Non Audit Firm के Partners
30 सितम्बर – Tax Audit Report
31 अक्टूबर – Audit Cases ITR
31 दिसम्बर – Belated Return
31 मार्च – Revised Return

यानी जुलाई से मार्च तक Taxpayers और Professionals के लिए हर महीने एक नई Deadline! 😅

ONE WORD IN THE NEW INCOME TAX ACT HAS KILLED 54EC BENEFIT FOR DEPRECIABLE ASSETS

Looks like a tiny drafting change. But it may completely change the law

Old law focused on long-term capital "asset"

New law now focuses on long-term capital "gains"

In the famous Dempo Case, Supreme Court held:

Even if Section 50 treats gains on depreciable assets as short-term for computation purposes...

..the underlying asset can still remain long-term.

Hence, 54EC exemption was allowed

But now the wording itself has changed.

Focus shifts from nature of "asset" to nature of "gains"

And under Section 50, those gains are deemed short-term.

Follow the Tax Talk with CA Nitin Chawla A.C.C.A channel on WhatsApp: 👇👇👇 whatsapp.com/channel/0029Vb…

WhatsApp Channel Follow this WhatsApp Channel for the latest updates directly on WhatsApp.

🚨ITR Due Date (NEW)

1. Non Audit Case: -
🔸ITR 1 & 2 - 31st July
🔸ITR 3 & 4 - 31st August

2. Audit Case: - 31st October

3. Transfer Pricing: - 30th

TAX AMOUNT AS PER NEW (DEFAULT) TAX REGIME FOR F.Y.2025-26 FOR RESIDENT INDIVIDUAL

(FOR NORMAL TAXABLE INCOME UP TO RS.1 CRORE)

TDS & TCS Rate master chart for tax year 1 April 2026

🏠Benefits of Joint Home Loan 👇

✔ Higher Loan Eligibility : -
Both applicants’ incomes are considered → Higher loan amount eligibility.

✔ Lower Interest Rates : -
Many banks offer 0.05%–0.15% lower interest if the primary borrower is a woman.

✔ Stamp Duty Discount : -
Some states provide ~1% lower stamp duty when property is registered in a woman’s name.

✔ Double Tax Benefits : -
If both co-borrowers repay the EMI:
• Up to ₹1.5L deduction each (Sec 80C) – Principal repayment
• Up to ₹2L deduction each (Sec 24) – Interest payment

✔ Capital Gains Planning : -
Joint property ownership can help both spouses claim capital gains exemption (Sec 54EC) up to ₹50L each, subject to conditions.

💡 Key Condition : -
Both co-owners should also contribute to the purchase and EMI payment to claim tax benefits.

GST Offence & Penalties

Ensuring Compliance....

Save this Post or RT For Same..

Dear Taxpayer,

The functionality to utilise CGST or SGST ITC in any order for payment of IGST liability, after fully utilisation of IGST Credit, will be available from February-2026 period.

Thanks
Team GSTN

Due date for filing ITR for FY 2025-26 if you are Partner in a Partnership Firm:

If Accounts are Audited: 31/10/2026
If Accounts are Not-Audited: 31/08/2026

GST Notice and Timeline की ऐसी खिचड़ी बनी है की कई बार बहुत confusion होता है !

That's why I created a simple, clean table with expired dates in red.

You can download this and use it. The best use is to take a printout and keep it on the desk or notice board.

Do you find this useful?