Asia Pacific

On 29 September 2026, the Central Board of Direct Taxes (CBDT) issued Circular No. 7/2026, extending the timelines for filing various audit reports and Income Tax Returns (ITRs) for Assessment Year (AY) 2026-27, corresponding to Financial Year 2025-26. This relief measure addresses compliance difficulties faced by taxpayers and tax professionals due to system constraints and

On 29 September 2026, the CBDT issued Notification No. 08/2026, an order under Section 45(3)(b) of the Income Tax Act, 2025 read with Rule 35 of the Income Tax Rules, 2026. This order pertains to the registration or approval of charitable or religious trusts/institutions under the new regulatory framework. The order outlines the procedural requirements

On 29 September 2026, the CBDT issued Notification No. 131/2026-CBDT (SO 5334(E)) granting exemption under Section 45(3)(a)(i) read with Section 45(4)(b) of the Income Tax Act, 2025 to Santhigiri Ashram, Thiruvananthapuram. This notification recognizes the ashram’s activities as qualifying for tax-exempt status under the charitable and religious purposes clause. The exemption is subject to the

On 29 September 2026, the CBDT issued Notification No. 130/2026-CBDT (SO 5333(E)) granting exemption under Section 45(3)(a)(ii) read with Section 45(4)(b) of the Income Tax Act, 2025 to the Institute for Financial Management and Research (IFMR), Chennai. This provision covers institutions engaged in education and research not established for profit. The notification confirms IFMR’s eligibility,

On 28 September 2026, the Central Board of Direct Taxes (CBDT) issued Circular No. 07/2026 extending key filing deadlines for Assessment Year 2026-27. The circular, issued under Section 139 of the Income Tax Act, 1961, moves the due date for filing Income Tax Returns (ITR) for certain taxpayers from 31 October 2026 to 21 November

On 29 September 2026, the CBDT issued Notification No. 129/2026-CBDT (SO 5332(E)) granting exemption under Section 45(3)(a)(i) read with Section 45(4)(b) of the Income Tax Act, 2025 to the UPASI Tea Research Foundation (UPASI TRF), Tamil Nadu. This notification recognizes the foundation’s scientific research activities in tea cultivation and processing as qualifying for tax exemption.