Regulatory updates
A dated log of changes in income tax, GST, and company law, with status and sources.
Insights
Notes from the working papers.
Short explanations of rules and routines that come up in accounts, tax, and audit. Each note is dated, and notes that depend on the law link to the official source.
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Printable checklists and reference sheets, each available as a PDF.
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All notes
October 2026
30 November: the time limit for input tax credit on FY 2025-26 invoices
Section 16(4) sets the last date for first-time credit on invoices of FY 2025-26. What stands outside it, and a four-week clearing routine.
Reconciling the books to GSTR-1, GSTR-3B, and GSTR-2B before you file
A checklist for matching sales and purchase registers to the GST returns and the auto-drafted statement, and what to settle before input tax credit is claimed.
September 2026
Tax audit and return dates extended for AY 2026-27: what CBDT Circular 07/2026 says
CBDT Circular No. 07/2026 moves the tax audit report date to 21 October and the return date to 21 November 2026 for audit cases. Who is covered, and what stays.
The AGM by 30 September and the filings that follow
For a company with a March year end, the AGM is due within six months. This note sets out the filings that run from the AGM date and how their dates are counted.
August 2026
What an auditor actually examines in a financial statement audit
The stages of an audit, from risk assessment to the report: how balances are tested, what evidence counts, and what the opinion does and does not say.
Tax audit due 30 September: a six-week countdown
A week-by-week plan for completing the tax audit for assessment year 2026-27, from the applicability test to the signed report, on the 1961 Act forms.
A tax notice has arrived: what to collect before anyone replies
How to read a notice from the Income Tax Department or the GST authorities, and the papers to gather before a reply is drafted.
July 2026
Before you file: reconciling AIS, Form 26AS, and the books
A pre-filing routine for income tax returns for AY 2026-27: compare the department's statements with the books, close the gaps, and know which due date applies.
Books of account a company must keep, and for how long
Section 128 of the Companies Act, 2013 explained: which books a company keeps, where, for how long, and the rules for electronic records and audit trail.
June 2026
Advance tax under section 408: the 15 June instalment for tax year 2026-27
How advance tax works in the first tax year under the Income-tax Act, 2025: the four instalments, a worked example, the presumptive exception, and what to record.
What a virtual CFO reads from your books each month
A walk through the monthly management pack: margin, cash, working capital, and the items that need a decision, and how each ties back to the closed books.
May 2026
Tax audit under section 63 and Form 26: who needs one and which form applies to which year
Tax audit moves from section 44AB to section 63, and from Forms 3CA/3CB/3CD to Form 26. Who needs one, the due date, and the transition years.
The month-end close checklist
A working checklist for closing the books each month: cut-off, reconciliations, accruals, statutory entries, and review before management reports go out.
April 2026
Opening the books for FY 2026-27: a start-of-year checklist
What to settle in the first weeks of a new financial year: opening balances, the two Income-tax Acts, GST series, withholding masters, advance tax, audit trail.
Tax year replaces assessment year: what changes from 1 April 2026
The Income-tax Act, 2025 applies from 1 April 2026. Which Act governs which year, what stays the same, and what to keep separate in your records.
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They are general information published by the firm. They are not advice on any particular matter, they are not an invitation to appoint the firm, and the law may have changed since the date shown. Read the disclaimer.