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Major Renumbering of Income Tax & TDS Forms Under Draft IT Rules 2026 – Old vs New Form Numbers
The Draft Income-tax Rules, 2026 propose a significant restructuring and renumbering of several compliance forms. The objective is to consolidate, standardise, and modernise the compliance framework. Unlike ITR forms (ITR-1… Read more ⇢
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MCA Launches CCFS-2026: Major Compliance Relief for Companies
The Ministry of Corporate Affairs (MCA) has introduced the Company Compliance Fresh Start Scheme, 2026 (CCFS-2026) through General Circular No. 01/2026 dated 24 February 2026. This scheme provides a limited-time… Read more ⇢
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Trust Registration After Provisional Registration – The 6 Months Rule Is Widely Misunderstood
Many charitable and religious trusts are making a serious mistake while applying for regular registration after obtaining provisional registration under Section 12AB of the Income Tax Act. Most professionals and… Read more ⇢
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ICAI Introduces UDIN Limit for Tax Audits from 1 April 2026 – 60 Audits Per CA Cap
In a significant regulatory move, the Institute of Chartered Accountants of India (ICAI) has decided to introduce a ceiling on the number of Unique Document Identification Numbers (UDINs) that can… Read more ⇢
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Tax Paid Under Wrong Head? Demand Raised? How to Set Off Through Demand Response on Income Tax Portal
Sometimes taxpayers pay tax under one head (for example Self Assessment Tax) instead of Advance Tax or Regular Assessment Tax. Because of this mismatch, the Income Tax Department raises a… Read more ⇢
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New LLP Financials Format – Scheduled Balance Sheet and Profit & Loss Account (Along with Template)
The Ministry of Corporate Affairs has introduced changes in the presentation of financial statements for Limited Liability Partnerships. LLPs are now required to prepare financials in a more structured and… Read more ⇢
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GST Refund for Exports Under GST Law Detailed Guide With Examples
Exports are treated as zero rated supplies under GST law. This means exporters are not required to bear the burden of tax. They are eligible to claim refund of tax… Read more ⇢







