Curated regulatory updates — linked to official sources, summarised in plain language.
Recent rulings hold that the late fee for a delayed GST annual return (GSTR-9/9C) cannot be compounded with a separate general penalty — excess demands on that basis are being set aside. The practical takeaway: before paying any GST notice, check whether the demand is correctly computed. Often it is not.
View source →Under the Income-tax Act, 2025 the tax-audit provision moves from Section 44AB to Section 63, and the report is now a single unified Form 26 (replacing Forms 3CA/3CB and 3CD). Applicability thresholds and the reconciliation discipline — books vs GST returns, TDS and ITR — remain central. Businesses near the turnover/receipts threshold should confirm their audit position early in the year, not at the deadline.
View source →The Income-tax Act, 2025 replaces the 1961 Act, with the Income-tax Rules, 2026 operationalising it. The law has been restructured and renumbered — familiar provisions now sit under new sections (for example, tax audit moves from Section 44AB to Section 63). For most businesses the substance is largely continuous, but section references, forms and citations change. We are updating client documentation and filings to the new Act.
View source →Monthly filers must file GSTR-1 for March 2025 by 11th April 2025.
View source →CBDT has extended the deadline for filing belated and revised ITRs for AY 2024-25.
View source →RBI has revised the Annual Performance Report (APR) format for ODI compliance under FEMA (OI) Rules 2022.
View source →MCA has migrated all ROC filings to the V3 portal. Legacy filings are no longer accepted.
View source →New tax slabs under the new regime, revised TDS rates on certain payments, and updated presumptive tax limits.
View source →Businesses with multiple GSTINs receiving common services must mandatorily register as ISD from 1 April 2025.
View source →The per-year LRS limit for education abroad has been revised under RBI's liberalised remittance framework.
View source →Employers must deposit ESIC contributions for January 2025 by 15th February 2025.
View source →RBI has tightened reporting timelines for FDI — FC-GPR must be filed within 30 days of share allotment.
View source →Directors must complete DIR-3 KYC by 30th September 2025 to avoid DIN deactivation.
View source →Entities with international transactions must file Form 3CEB along with the ITR by 31st October 2025.
View source →CBIC has notified changes to GSTR-9 tables for FY 2023-24 annual returns due by 31st December 2024.
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