CA Rohit Gupta Kalayat

22/04/2026

ICAI ASB Announcement (31.03.2026) : The Guidance Note on Financial Statements of Non-Corporate Entities & LLPs is now moving to phased applicability.

✅ From FY 2025–26, it applies to entities with turnover > ₹5 crore, and from FY 2026–27, it extends to all entities.

22/04/2026

Deposit of TDS/TCS - Timelines and Compliance

Please ensure you clearly understand the applicable Act and the relevant sections for making TDS/TCS payments for March 2026 and for April 2026 onwards, as they differ, and avoid any errors while making payments.

10/02/2026

Major Income Tax Forms Renumbered under the new IT Rules 2026 to be effective from 1st April 2026, onwards.

Tax Audit: 3CA/3CB/3CD ➝ Form 26
Transfer Pricing Audit: 3CEB ➝ Form 48
MAT: 29B ➝ Form 66
TRC: 10FA ➝ Form 42
DTAA Info: 10F ➝ Form 41

Charitable Trust / NGO Forms:
Provisional Registration: 10A ➝ Form 104
Registration/Renewal: 10AB ➝ Form 105
Accumulation: Form 10 ➝ Form 109
Audit Report: 10B/10BB ➝ Form 112
Donee Statement: 10BD ➝ Form 113
Donor Certificate: 10BE ➝ Form 114

TDS/TCS & Compliance:
Lower TDS: Form 13 ➝ Form 128
Salary TDS Certificate: Form 16 ➝ Form 130
TDS Return Salary: 24Q ➝ Form 138
TDS Return (Residents): 26Q ➝ Form 140
TDS Return (Non-Residents): 27Q ➝ Form 144
TCS Return: 27EQ ➝ Form 143

Others:
26AS ➝ Form 168
Foreign Remittance: 15CA ➝ Form 145
CA Certificate: 15CB ➝ Form 146
SFT Filing: 61A ➝ Form 165

22/07/2025

The Income Tax Return utility has introduced new codes under "Nature of Business/Profession" to better get data to analyse according to the business segment.

Some major additions include:

09029 – Commission agents - Kachcha Arahitya
16021 – Social Media Influencers
21009 – Speculative Trading
21010 – Futures and Options Trading
21011 – Buying and Selling Shares

More breakup wrt Equity and derivative transactions is incoporated in new ITR.

18/06/2025

27/05/2025

Kind Attention Taxpayers!

CBDT has decided to extend the due date of filing of ITRs, which are due for filing by 31st July 2025, to 15th September 2025

24/03/2025

With effect from 10th October 2024, the renting of commercial property by any unregistered person to any registered person is liable to GST under RCM

22/03/2025

Revised definition of MSMEs has been notified.

It shall be applicable from 01-04-2025.

05/03/2025

Your email and social media account can be accessed by income tax officers starting financial year 2026-27 in these cases

05/03/2025

Remember Section 43B(h) - Payment to MSME suppliers within 15 days (if no agreement) or 45 days (as per agreement).

It remains applicable for FY 2024-25. Start working on it.