ICAI
Revision of SA 600 — Using the Work of Another AuditorICAI has revised SA 600 to align with IAASB's revised ISA 600, strengthening group audit requirements. Effective for audits of financial statements for periods beginning on or afte…
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ICAI(5)Income Tax India(5)MCA(5)GSTN(5)Curated static updates · Fetched 24 Mar 2026, 04:58 pm IST
Note: Live RSS feeds are temporarily unavailable. Showing curated updates from official sources. Visit the portals directly for the latest notices.
ICAI
5 updatesRead more
ICAI
Peer Review Mandate — Phase IV Extension for Smaller FirmsICAI extends Peer Review Mandate Phase IV for practice units with up to 5 partners. All such firms must obtain a Peer Review Certificate before accepting public interest entity aud…
ICAI
UDIN Requirement Extended to All Certificates Issued by CAsThe UDIN mandate now covers all certificates, reports, and documents signed by practising Chartered Accountants. Non-compliance may invite disciplinary proceedings.
ICAI
Revised Guidance Note on Reports in Company ProspectusesICAI released a revised Guidance Note covering auditor responsibilities when issuing financial information in prospectuses under SEBI ICDR Regulations 2018.
ICAI
Code of Ethics Amendment — Non-Assurance Services to Audit ClientsUpdated provisions restrict certain non-assurance services (including tax planning and IT system implementations) to listed audit clients, effective immediately.
Income Tax India
5 updatesIncome Tax India
Section 44AB Tax Audit Threshold Increased to ₹10 Crore for Digital TransactionsCBDT circular clarifies that businesses with turnover up to ₹10 crore are exempt from tax audit under Section 44AB if at least 95% of receipts and payments are in digital mode (FY …
Income Tax India
Form 3CD Revision — New Clauses on MSME Payments and VDA DisclosuresIncome Tax Department notified amendments to Form 3CD adding new reporting requirements for delayed payments to MSMEs (Section 43B(h)) and virtual digital asset transactions.
Income Tax India
TDS Rate Rationalisation — Budget 2025 Amendments Effective 1 October 2025TDS rates under several sections revised as per Finance Act 2025. Key changes: Section 194D (insurance commission) reduced to 2%, Section 194H (commission) reduced to 2%.
Income Tax India
New ITR Forms for AY 2026-27 Notified — Enhanced Disclosure RequirementsCBDT notified ITR-1 through ITR-7 for Assessment Year 2026-27. New disclosures include buy-back loss restrictions, capital gains segregation (pre/post July 23 2024), and ESOP taxat…
Income Tax India
CBDT Circular on Section 194-IA TDS on Property Purchase Above ₹50 LakhClarification that TDS under Section 194-IA must be deducted on the entire sale consideration (not just the amount above ₹50 lakh) when aggregate consideration exceeds the threshol…
MCA
5 updatesMCA
CARO 2020 — Applicability Clarification for Subsidiary CompaniesMCA clarified that CARO 2020 applies to all subsidiary companies of listed entities irrespective of their own listing status. Auditors must report under all applicable CARO clauses…
MCA
MCA21 Version 3 — Phase II Rollout for Annual Return and Financial Statement FilingPhase II of MCA21 V3 is now live for all companies. AOC-4, AOC-4 CFS, MGT-7, and MGT-7A must be filed only through the new portal. Legacy V2 portal decommissioned.
MCA
Companies (Auditor's Report) Amendment Order 2025Amendments to CARO 2020 require additional reporting on contingent liabilities, pending litigations exceeding ₹1 crore, and utilisation of borrowed funds for purposes other than bu…
MCA
Revised Schedule III — New Disclosure Requirements for FY 2025-26MCA notified further amendments to Schedule III of the Companies Act 2013, requiring additional disclosures on crypto assets, CSR unspent amounts, and related-party transaction cla…
MCA
LLP Amendment Rules 2025 — Mandatory e-Form for Partner KYCAll LLP designated partners must file DIR-3 KYC annually. Non-compliant LLPs will be marked as 'Under KYC Defaulter' and restricted from subsequent filings.
GSTN
5 updatesGSTN
GST Audit Applicability — Reconciliation Statement GSTR-9C Threshold ClarifiedGSTN advisory confirms GSTR-9C (Reconciliation Statement) is mandatory for taxpayers with aggregate annual turnover exceeding ₹5 crore. Deadline for FY 2025-26 is 31 December 2026.
GSTN
GSTR-9 Annual Return Deadline Extended for FY 2024-25GSTN has extended the due date for GSTR-9 annual return for FY 2024-25 to 31 March 2026 for all taxpayers. Late fee waiver applicable for taxpayers with turnover up to ₹2 crore.
GSTN
ITC Reconciliation Advisory — Matching with GSTR-2B Mandatory from April 2025GSTN issued advisory mandating Input Tax Credit claims to be restricted to amounts reflected in GSTR-2B. Excess ITC claims will trigger system-generated notices under Section 61.
GSTN
e-Invoice Threshold Reduced to ₹5 Crore — Effective 1 August 2025GST Council decision implemented: e-invoicing is now mandatory for all registered persons with aggregate turnover exceeding ₹5 crore in any preceding financial year.
GSTN
New GSTN Advisory on Reporting of Supplies Through E-Commerce OperatorsSuppliers making supplies through e-commerce operators must separately report such turnover in GSTR-1 under Table 14. Non-compliance may result in mismatch notices.
Last updated: 24 Mar 2026, 04:58 pm IST · This page revalidates automatically every hour. Data sourced from ICAI, Income Tax India, MCA, and GSTN official portals.
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