The Institute of Company Secretaries of India (ICSI) has submitted a representation to the Ministry of Corporate Affairs highlighting the absence of a mechanism to modify or update details of trusts registered as CSR implementing agencies through Form CSR-1. Under Section 135 of the Companies Act, 2013 and the CSR Rules, such entities must register to obtain a CSR Registration Number for receiving CSR funds….
The Ministry of Corporate Affairs has introduced significant amendments to the DIR-3 KYC compliance framework to simplify regulatory requirements and enhance ease of doing business for directors. Under the revised rules, directors holding a DIN as of 31st March of a financial year are required to file Form DIR-3 KYC Web once every three financial years, instead of annually, with a deadline of 30th June….
The National Financial Reporting Authority (NFRA) conducted an audit quality inspection of two audit firms within the Price Waterhouse & Affiliates network during 2025–26 under Section 132 of the Companies Act, 2013 to assess compliance with auditing standards and the effectiveness of quality control systems. Website URL: https://taxguru.in/company-law/nfra-inspection-report-flags-audit-issues-in-pwc-network-firms.html
The Office of the Comptroller & Auditor General of India (CAG) has invited Expressions of Willingness (EoW) from Chartered Accountant firms and LLPs empaneled with CAG for 2025–26 to work with CAG audit teams for auditing financial statements of Autonomous and other Bodies received during April 2026 to March 2027. Website URL: https://taxguru.in/chartered-accountant/cag-invites-eow-ca-firms-audit-engagement.html
The Institute of Company Secretaries of India (ICSI), a statutory body under an Act of Parliament functioning under the Ministry of Corporate Affairs, declared the results of the Company Secretaries Examinations for the Professional Programme (Syllabus 2022) and Executive Programme (Syllabus 2022) for the December 2025 session on 25 February 2026 at New Delhi. Website URL: https://taxguru.in/chartered-accountant/icsi-cs-results-december-2025-session-know-toppers-pass-percentage.html
Here’s a detailed analytical note on Draft Form No. 26 released as part of the Draft Income-tax Rules, 2026. This form is prescribed as the audit report and statement of particulars under section 63 of the Income-tax Act, 2025. It represents a major structural and reporting shift in tax audit documentation, both in scope and depth. Website URL: https://taxguru.in/income-tax/draft-form-26-income-tax-rules-2026-complete-analysis-3cd-comparison-audit-checklist-impact-businesses.html
During the week 26 January to 1 February 2026, multiple regulatory updates were issued across Income Tax, GST, Central Excise, Customs, DGFT, SEBI, MCA, RBI, and allied laws, reflecting Budget 2026 implementation and policy fine-tuning. Website URL: https://taxguru.in/chartered-accountant/analysis-notifications-circulars-week-1st-february-2026.html
On the share capital issue, the Tribunal held that the addition of ₹55 lakh towards share capital and premium was unsustainable where the assessee had discharged its initial onus by furnishing complete documentary evidence such as names, addresses, PANs, confirmations, audited accounts and bank statements of the subscribers. Website URL: https://taxguru.in/income-tax/share-capital-addition-fails-subscriber-non-appearance.html
This article forms Part II of a series on capital gains exemption under Section 54 of the Income-tax Act, 1961, and examines the judicial interpretation of the expression “date of transfer” across varied factual situations. The article adopts a question-and-answer format, supported by relevant judicial pronouncements, to address practical issues arising in determining the relevant date for claiming exemption under Section 54. Website URL: https://taxguru.in/income-tax/section-54-capital-gains-tax-exemption-constitutes-date-transfer.html#google_vignette
E-commerce sellers in India face increasing GST scrutiny due to data-driven, system-generated notices triggered by mismatches, classification errors, and platform reporting gaps rather than fraud. Key red flags include inconsistencies between GSTR-1 and GSTR-3B, improper TCS reconciliation, excessive or unlinked credit notes, incorrect HSN classification or tax rates, and ITC claims without verified vendor compliance. Website URL: https://taxguru.in/goods-and-service-tax/e-commerce-sellers-gst-red-flags-trigger-notices.html