Monthly Knowledge Digest, July 2026
Dear Readers and Professional Community,
We are delighted to present our Monthly Knowledge Digest – July 2026.
Every month, our website features articles, practical insights, regulatory updates, and professional guidance across Income Tax, GST, Corporate Laws, and allied areas. This digest brings together the key resources published during the month in one convenient place, making it easier for you to revisit important topics and discover valuable content you may have missed.
While some updates reflect developments relevant at the time of publication, many articles provide practical guidance and fundamental concepts that continue to be useful for professionals, businesses, and students alike.
As we move through the Income Tax Return filing season, staying informed is more important than ever. We hope this compilation helps simplify complex provisions, strengthens your understanding, and supports better compliance and decision-making.
"Knowledge grows when it is shared, and success follows when it is applied."
Thank you for being a part of our learning community. We look forward to sharing more knowledge, practical insights, and valuable resources with you in the months ahead.
Highlights of July 2026 Articles
INCOME TAX KNOWLEDGE HUB
CBDT Condones Delay In Filing Form 10AB For Renenwal Of Section 80G Approval
Missed the Section 80G renewal deadline? CBDT has offered crucial relief for eligible charitable institutions by condoning delays in Form 10AB filings. This opportunity helps preserve donor tax deduction benefits and allows certain rejected applications to be reconsidered on merits. Understanding the eligibility period, deadlines, and conditions is essential for trusts, societies, professionals, and advisors handling compliance. Timely action can protect approvals, donor confidence, and future funding opportunities while avoiding unnecessary complications. Learn who qualifies, what has changed, and the key timelines every eligible organisation should review immediately before taking the next step confidently.
https://www.aagamshahca.com/news-detail/form-10ab-delay-condonation-section-80g
Foreign Financial Information to Reflect in AIS : What CBDT's Latest Order Means for Taxpayers
Foreign financial information is now becoming more visible to the Income-tax Department through AIS, making accurate reporting more important than ever. CBDT's latest move enables foreign financial data received under AEOI to appear in taxpayers' Annual Information Statement. This strengthens reconciliation with income-tax return disclosures and helps identify mismatches early. Taxpayers holding overseas accounts, investments or foreign income should carefully review AIS, reconcile records, submit feedback for errors and ensure complete disclosures. Understanding these changes today can prevent future notices and improve compliance confidence. Avoid surprises by reviewing overseas disclosures before filing every return.
https://www.aagamshahca.com/news-detail/foreign-financial-information-ais-aeoi
Cost Inflation Index (CII) for FY 2026–27
CBDT has notified the Cost Inflation Index for FY 2026–27 at 384, bringing an important update for taxpayers and tax professionals. The revised index plays a key role in calculating indexed cost for eligible capital gains, supporting better tax planning and informed decisions. Property owners and investors should review long-held assets, reassess potential tax impact and evaluate planning opportunities before transactions. Staying updated with the latest CII can help optimise tax outcomes, reduce unnecessary tax costs and strengthen financial planning. Learn how this notification could influence your capital gains strategy and future tax decisions.
https://www.aagamshahca.com/news-detail/cost-inflation-index-fy-2026-27-cii-384
Foreign Liabilites And Assets Information Reporting(FLAIR) System
RBI has extended the deadline for filing the Annual Foreign Liabilities and Assets Return, giving eligible entities additional time to meet an important compliance requirement. Businesses with Foreign Direct Investment, Overseas Direct Investment or outstanding foreign assets and liabilities should use this opportunity to verify records and complete reporting accurately. The update also includes a new official email for FLA-related communication. Timely filing helps avoid regulatory issues and ensures compliance with FEMA reporting requirements. Find out who must file, key changes, important deadlines and practical steps to stay compliant without last-minute stress.
https://www.aagamshahca.com/news-detail/rbi-fla-return-due-date-extended-2026
GST KNOWLEDGE HUB
Communication Between Tax Payer on GST Portal : What It Is, Why It Matters, and How to Use It
Still relying only on emails for GST follow-ups? Discover the GST portal's Communication Between Taxpayers feature that helps suppliers and buyers create a formal compliance trail for invoice disputes, payment reminders, missing documents, and correction requests. Used correctly, it strengthens documentation, supports reconciliations, and improves communication without replacing legal or accounting processes. Learn how this overlooked tool can reduce compliance gaps, support evidence, improve follow-ups, and help businesses manage GST issues more confidently while avoiding common mistakes before sending portal communications. Every taxpayer and professional should understand its practical benefits today before using it.
https://www.aagamshahca.com/news-detail/Communication-Between-Tax-Payer-on-GST-P
GSTAT Introduces Token-Based Mechanism for Appeal Filing
Missing the GSTAT appeal deadline? New token mechanism offers valuable protection for taxpayers facing portal or filing challenges. Generate a GSTAT appeal token before 31 July 2026 to record your intention, then complete the appeal within 60 days. This safeguard may help avoid delay consequences, but only if every requirement is correctly followed. Separate tokens are needed for each appeal, and incorrect details can invalidate protection. Early preparation, accurate documentation, and timely action are essential. Understand how this mechanism works and protect your appeal rights before time runs out. Stay prepared and avoid unnecessary disputes.
https://www.aagamshahca.com/news-detail/GSTAT-Introduces-Token-Based-Mechanism-f
GSTN Keeps Proposed e-Way Bill Enhancements on Hold Until Further Notice
GSTN has postponed the proposed e-Way Bill system enhancements, providing temporary relief for businesses and technology teams. The changes scheduled from 1 August 2026 are now on hold until further notice, meaning taxpayers can continue using the existing e-Way Bill process without modifying their systems. Earlier advisories and related FAQs will also be withdrawn from the GST Portal. Businesses, ERP vendors and GST professionals should stay alert for future updates while avoiding unnecessary system changes. Learn what this deferment means, why it matters and how to remain compliant when the revised implementation timeline is announced.
https://www.aagamshahca.com/news-detail/gstn-e-way-bill-enhancements-on-hold-202
GST Registration in India : Who Must Register, Threshold Limits, Mandatory Cases and Voluntary Registration
GST registration is not mandatory for every business, but knowing when it applies can save you from costly compliance mistakes. Registration depends on factors like turnover, nature of supplies, State, e-commerce transactions and specific legal provisions, not just revenue alone. Understanding aggregate turnover, compulsory registration rules and voluntary registration benefits helps businesses make informed decisions, claim eligible input tax credit and avoid interest or penalties. Whether you are a startup, trader, service provider or growing enterprise, reviewing your GST registration status is essential for smooth business operations and long-term compliance success.
https://www.aagamshahca.com/news-detail/gst-registration-india-guide
Disclaimer : This article is for informational purposes only and should not be construed as legal or professional advice. Taxpayers should consult their tax advisor based on the facts of their specific case before taking any action.
