Income tax notification
1. ITR-1, ITR-2 & ITR-4 for AY 2026–27 is now live! Excel utilities, online and Offline filing are enabled on the e-Filing portal.
2. Offline Utility for Form 145 and Form 146 has been enabled on the e-Filing Portal. Users can download, fill, and submit the forms directly through the utility available under Income Tax Act 2025.
3. Form No. 105 (earlier Form No. 10AB) is now available for e-Filing.
4. The Income Tax Act, 1961 stands repealed effective 01.04.2026, pursuant to Section 536 of the Income Tax Act, 2025.
5. New challan forms are live on e-Filing portal for tax payments under the Income Tax Act, 2025. Users are advised to make payments using the new challans only for Tax Year 2026-27.
6. From 1st April 2026, Forms under Income Tax Act, 2025 will be available on the e-Filing Portal. Please select correct form to ensure compliance as per applicable Act.
7. Forms applicable for Assessment Year 2026–27 are available under "Forms as per Income-tax Act, 1961" on the e-Filing portal from 1 April 2026.
A dormant company is a company that is registered under the Companies Act but has little or no significant business activity. Businesses often choose dormant status when they wish to preserve their company for future use, safeguard valuable assets, or temporarily pause operations without closing the entity.
A company may apply for dormant status if it has been incorporated for a future business project, holds intellectual property or assets, or has remained inactive without major financial transactions.
At TaxAbide, we assist businesses throughout the dormant company registration process. Our team ensures that your application is prepared correctly, the required documents are filed on time, and all legal requirements are met efficiently.
A company may be eligible for dormant status if it:
Has not carried out significant business activities
Has not undertaken major accounting transactions during the relevant period
Was incorporated for future business plans
Exists primarily to own assets or intellectual property
Wishes to maintain its legal identity while remaining inactive
Dormant companies enjoy fewer compliance requirements compared to active businesses. This helps save both time and administrative costs.
Obtaining dormant status allows business owners to retain their company name until they are ready to restart operations.
When business opportunities arise, dormant companies can apply to become active again without forming a completely new entity.
Dormant companies are subject to simplified filing requirements, making regulatory compliance more manageable.
The Companies Act permits dormant companies to conduct fewer board meetings, reducing operational formalities.
Before applying for dormant status, the company should satisfy certain conditions, including:
No ongoing inspections or investigations by regulatory authorities
No pending prosecutions under applicable laws
No unresolved management disputes
No default in repayment of public deposits
Payment of all statutory dues and taxes
Company securities should not be listed on any stock exchange
Consent of lenders where unsecured loans exist
The Board of Directors passes a resolution approving the proposal for dormant status and authorises a director to complete formalities.
Shareholders approve the proposal through a special resolution or required consent.
Statement of affairs is prepared and certified by a Chartered Accountant or statutory auditor.
Prescribed forms are filed with the Registrar of Companies along with supporting documents.
ROC verifies the application and checks compliance with legal requirements.
Certificate of dormant status is issued after successful verification.
Even after obtaining dormant status, certain compliance responsibilities continue:
Maintaining proper books and records
Conducting minimum board meetings as required
Filing annual returns in prescribed format
Statutory audits where applicable
Meeting tax-related obligations
Failure to comply may result in penalties or removal of dormant status.
At TaxAbide, we simplify the dormant company registration process with end-to-end support including eligibility assessment, documentation, ROC filing, and compliance assistance.
We focus on accuracy, timely execution, and personalised guidance to help you maintain your company’s legal identity without complications.
Whether you are temporarily suspending operations or safeguarding a business for future opportunities, TaxAbide can help you complete the process smoothly with expert support.
