Accounting And Audit 14 September 2026
CBDT Reporting Rule, ITR Late Filing & Ind AS 16 Insights
The CBDT now mandates half‑yearly SFT reporting of mutual fund transactions to improve ITR pre‑filling, while taxpayers missing the AY 2026‑27 filing deadline must follow belated return rules and pay applicable fees. Additionally, CAClubIndia provides practical guidance on applying Ind AS 16 in real‑world scenarios, highlighting key accounting considerations.
- Mutual fund reporting: The CBDT has prescribed half‑yearly SFT reporting for all RTAs to feed data into ITR pre‑filling systems. Details can be found here.
- Belated ITR filing for AY 2026‑27: Taxpayers who miss the standard due date must file a belated return, adhering to the prescribed time limit and paying the applicable fees. Full guidelines are available here.
- Ind AS 16 practical guide: CAClubIndia breaks down the real‑world application of Ind AS 16, covering asset recognition, measurement, and depreciation nuances with examples. Read the analysis here.
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