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Real-time statutory intelligence, CBDT tax circulars, CBIC GST notifications, MCA21 V3 corporate mandates, and expert advisories analyzed by Kinsmen Corporate Services practice partners.

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Lead Regulatory AdvisoryIncome Tax Act • Section 194TSection 194T & Section 40(b)
2026 Statutory Mandate
Section 194T TDS Enforcement: 10% Withholding on Partner Remuneration & Section 40(b) Ceiling Reforms

Section 194T TDS Enforcement: 10% Withholding on Partner Remuneration & Section 40(b) Ceiling Reforms

The Finance Act mandates a statutory 10% TDS withholding under Section 194T on partnership and LLP payments—including partner salaries, interest, bonuses, commissions, and remuneration exceeding ₹20,000 annually. Discover critical deed restructuring guidelines and Form 26Q quarterly filing protocols.

Key Statutory Compliance Provisions
10% mandatory TDS withholding on partner remuneration, salary, interest & bonuses
Applicable on aggregate payment/credit exceeding ₹20,000 per financial year
Mandatory partnership deed amendments to realign Section 40(b) remuneration slabs
Quarterly Form 26Q electronic filing with PAN validation to avoid 271H penalty
Read Full Regulatory Circular
3 Min Regulatory Read•Verified by Practice Desk
CBIC Notification No. 08/2025Indirect Taxation & GST
2025-26 CBIC Relief
Waiver of Late Fees for FORM GSTR-9C Filing: Section 47 Caps & Annual Reconciliation Amnesty
CGST Act, 2017 · Section 47

Waiver of Late Fees for FORM GSTR-9C Filing: Section 47 Caps & Annual Reconciliation Amnesty

The Central Board of Indirect Taxes and Customs (CBIC) notified comprehensive late fee waivers under Section 47 of the CGST Act for pending FORM GSTR-9C reconciliation statements covering FY 2017-18 through 2022-23. Review turnover eligibility slabs and relief verification steps.

Amnesty relief on late fees for pending Form GSTR-9C self-certified reconciliations
Turnover threshold verification: Applies to registered persons above ₹5 Crore turnover
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4 Min Statutory Read
MCA21 V3 SurveillanceCorporate Law & Governance
2025 MCA Framework
Companies Act, 2013 · SPICe+ Part B

MCA Directorship Integrity: Mandatory Biometric Demat Authentication & SPICe+ Rule Amendments

The Ministry of Corporate Affairs enhanced director identification surveillance, introducing mandatory demat-KYC linkages and multi-factor biometric validations under SPICe+ Part B to eliminate non-compliant corporate structures and guarantee high-trust corporate governance.

Multi-factor biometric validations for promoter-directors during SPICe+ Part B submission
Mandatory demat account linkages for all private company shareholdings under Rule 9B
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3 Min Advisory Read
Tax Audit u/s 44ABAttestation & Audit
2025 Audit Standard
Derivative Trading & Turnover Taxation: ICAI Turnover Formula & ₹10 Crore Digital Audit Benchmarks
Income-tax Act, 2025 (Income-tax Act, 1961 Sec 44AB)

Derivative Trading & Turnover Taxation: ICAI Turnover Formula & ₹10 Crore Digital Audit Benchmarks

Comprehensive regulatory benchmarks for Futures & Options derivative traders under Section 43(5) and Section 44AB. Businesses and active traders maintaining digital transaction volumes at 95% or higher qualify for the elevated ₹10 Crore statutory tax audit threshold.

ICAI prescribed turnover calculation: Sum of positive and negative differences
₹10 Crore tax audit threshold applicable when digital receipts/payments exceed 95%
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5 Min Technical Read
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