India Tax Updates

The Indian government has introduced several new tax rules and amendments. Key updates include:
- A 1% monthly interest on overdue barge goods tax in Goa, as per the amended Goa Barge (Taxation on Goods) Rules, 1987.
- A new invoice management system for GST, as per the Central Goods and Services Tax (Fourth Amendment) Rules, 2025.
- Taxpayers are required to disclose every foreign income and asset in their income tax return, with penalties for non-compliance.
- The government has announced a due date guide for July 2026, which includes important GST, income tax, TDS/TCS, PF, ESI, FEMA, and FLA return deadlines.
- Guidance on HRA tax calculation and how to maximize tax refunds while filing returns has also been provided.
For more information, please refer to the original source articles.