Penny Stock Allegation Rejected Due to Lack of Evidence Against Share Transactions
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CBIC extends due date of March GSTR-3B to 21st April 2026
Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 01/2026 – Central Tax dated 21st April 2026, has extended the due date for furnishing the return in FORM GSTR-3B for the month of March 2026. The extension has been granted by the Commissioner in exercise of the powers conferred under sub-section (6) of section 39 of the Central Goods and Services Tax Act,…
Editing allowed in Appeal Pre-deposit Percentage Field in GST Portal
The GST Network (GSTN) has introduced a system update allowing taxpayers to edit the pre-deposit percentage while filing appeals in Form APL-01 on the GST portal, effective from 6 April 2026. Earlier, the portal auto-populated a mandatory pre-deposit of 10% in line with Section 107(6) of the CGST Act, 2017, and this field was non-editable. Website URL: https://taxguru.in/goods-and-service-tax/editing-allowed-appeal-pre-deposit-percentage-field-gst-portal.html
ICSI Representation on Name Change for CSR-Registered Trusts
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….
DIR-3 KYC Filing Reduced to Once Every Three Years to Cut Compliance Burden
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….
NFRA Inspection Report Flags Audit Issues in PwC Network Firms
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
CAG Invites EoW from CA Firms for 2026–27 Audit Engagement
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
ICSI CS Results – December 2025 Session: Know Toppers & Pass Percentage
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
Draft Form 26 Under Income-tax Rules 2026: Complete Analysis, 3CD Comparison, Audit Checklist
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
Analysis of Notifications and Circulars for Week Ending 1st February 2026
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