Just Archon Advisors

August 2026 brings important tax and statutory deadlines — stay ahead of TDS, TCS, GST, PF, ESI, ITR and MCA compliances with timely filings and zero last-minute stress. ⏳

( August compliance calendar, tax deadlines, TDS, TCS, GST filing, GSTR-1, GSTR-3B, PF, ESI, ITR filing, MCA compliance, ROC filing, CCFS 2026, statutory compliance, Just Archon )

LIving abroad doesn't automatically mean you're exempt from filing an Income Tax Return in India.

For NRIs, the obligation to file depends on factors such as your residential status, the source of your income, and certain specified transactions—not simply where you live.

Before deciding to skip your ITR this year, take a moment to review the basics.

A quick check today can help avoid notices, penalties, and missed refund opportunities tomorrow.

Save this post for future reference and share it with someone who might find it useful.

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"AIS is a valuable tool for taxpayers, but it should not be the sole basis for filing your Income Tax Return.

Reconciling your AIS with supporting documents helps identify omissions, verify reported income, and ensure your return is both accurate and complete. It is also important to remember that certain taxable incomes may not be reflected in AIS and must still be reported where applicable.

Taking a few extra minutes to reconcile your records can help avoid mismatches, notices, and future compliance issues."

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"GST Compliance Update | Effective 1 August 2026

New changes in the GST ecosystem will impact e-invoicing and E-Way Bill generation.

Here's what businesses should review:
✔ Mandatory Ship-to GSTIN in specified transactions
✔ Enhanced validation for E-Invoice & E-Way Bills
✔ New facility for voluntary closure of E-Way Bills

Now is the right time to verify your customer master, GSTINs and invoicing process to avoid disruptions.

Save this post and share it with your finance and GST team."

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Happy Guru Purnima 🤍

Celebrating the wisdom, guidance, and blessings of every Guru who inspires us to grow and achieve more. ✨

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"The countdown has begun.

With only 4 days left to file ITR-1 and ITR-2, now is the time to act.

Missing the due date may result in a late filing fee under Section 234F, interest under Section 234A, and the loss of certain carry-forward benefits.

While a Belated Return can still be filed up to 31st December 2026, filing within the original due date helps you avoid additional costs and ensures smoother compliance.

File early. File right. Stay compliant."

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Case Law Update | Section 54

In a noteworthy ruling, the ITAT Bangalore has clarified the application of Section 54 where multiple residential houses are sold during the same financial year.

The Tribunal held that the exemption under Section 54 should be examined asset-wise, reaffirming that each eligible transfer must be evaluated independently, subject to the conditions prescribed under the Act.

This decision offers valuable guidance for taxpayers dealing with multiple residential property transactions. However, the applicability of the ruling will always depend on the specific facts and circumstances of each case."

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