ANOOP SINGH🇮🇳

Old Forms 24Q and 26Q have been replaced with New Forms 138 and 140. ✅These are quarterly TDS statements. ✅Form 138 - for salary payments. ✅Form 140 - for other payments. #IncomeTaxAct2025 #SaralKanoonSashaktBharat @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Attention Stakeholders! It is hereby informed that the Income Tax Department has introduced certain changes in the data requirements for PAN and TAN with effect from 1st April 2026. Accordingly, the generation of Certificate of Incorporation (COI) in respect of Companies and LLPs incorporated through SPICe+/FiLLiP from 1st April 2026 onwards may experience intermittent delays for a few days, as PAN and TAN are an integral part of the COI. The issue is expected to be resolved within 3–4 days, after which the Certificate of Incorporation will be generated accordingly. #MCA #MCAUpdate #Incorporation #COI #SpicePlus #FiLLiP #PAN #TAN

📢 Important MCA Update for Directors! The Ministry of Corporate Affairs (MCA) has introduced significant changes to the DIR-3 KYC compliance framework with the objective of simplifying regulatory requirements and enhancing ease of compliance for Directors. 🔹 Key Highlights of the Amendment • Directors holding a DIN as on 31st March of a financial year shall now be required to file Form DIR-3 KYC Web once every third consecutive financial year, on or before 30th June. • Any change in a Director’s mobile number, email ID, or residential address must be updated within 30 days through DIR-3 KYC Web along with the prescribed fee under the Companies (Registration Offices and Fees) Rules, 2014. • Form DIR-3-KYC and DIR-3- KYC-Web has been substituted with Form DIR-3 KYC Web. •These amendments shall come into force from 31st March 2026, vide Notification No. G.S.R. 943(E) dated 31st December, 2025. These measures aim to strengthen corporate governance while reducing repetitive compliance burden for directors. 🔹 Illustrative Scenarios Illustration 1: Where a DIN is allotted during the FY 2025-26, Form DIR-3 KYC Web shall be filed once every three consecutive financial years. Accordingly, the first filing shall be due from April 2029 to June 2029, and thereafter every third financial year. Illustration 2: Where a Director already filed DIR-3 KYC Eform /DIR-3 KYC Web for the FY 2025-26 i.e. where DIN allotment date is on or before 31 March 2025, no filing shall be required for FY 2026-27 and FY 2027-28, provided there is no change in KYC particulars. Accordingly, first filing in such case shall be due from April 2028 to June 2028. Illustration 3: Where a DIN is allotted on 1 January 2026 [FY 2025-26] and the Director updates the mobile number, email ID, or residential address in FY 2027-28 by filing DIR-3 KYC Web, the three year compliance cycle shall be reckoned from the FY 2025-26 in which the DIN is allotted. Accordingly, the next DIR-3 KYC Web for KYC compliance shall be due from April 2029 to June 2029. Any updation made in FY 2027-28 will not impact the cycle for KYC compliance.

Clarification on TDS on interest u/s Section 194A in the case of banking institutions. Under the provisions of Section 194A of the Income-tax Act, 1961, tax is required to be deducted at source on interest other than interest on securities. However, in terms of provisions of section 194A(3), banking companies are not required to deduct tax where such interest does not exceed the prescribed threshold (Rs. 50,000/Rs. 1,00,000, as applicable). 2. In the Income-tax Act, 1961, the scope of “banking company” included not only banking companies to which the Banking Regulation Act, 1949 applies, but also “any bank or banking institution referred to in section 51 of that Act.” 3. Under the Income-tax Act, 2025, the corresponding provision relating to TDS on interest is contained in Section 393(1) [Table: Sl. No. 5(ii)], and the definition of “banking company” has been provided in Section 402 of the Act. 4. The definition of “banking company” in Section 402 of the Income-tax Act, 2025 refers to a banking company to which the provisions of the Banking Regulation Act, 1949 apply. The earlier phrase “including any bank or banking institution referred to in section 51 of that Act” has not been included 5. By virtue of the extant Section 51 of the Banking Regulation Act, 1949, such banks and banking institutions fall within the meaning of “banking company” under Section 402 of the Income-tax Act, 2025, even without explicit mention. 6. Thus, such banks or banking institutions will not be required to deduct income-tax on the amount below the threshold provided in Section 393(1) [Table: Sl. No. 5(ii)] of Income-tax Act, 2025. @nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

Check out my latest article: The End of "Assessment Year" Confusion? 5 Big Takeaways from India’s New Income Tax Act 2025 linkedin.com/pulse/end-asse… via @LinkedIn

The Ministry of Corporate Affairs (MCA) has issued an advisory for Stakeholders regarding Name Reservation and Incorporation of Company and LLPs. 📌 Note: Stakeholders are advised to strictly comply with the applicable provisions of the Companies Act, 2013 and the LLP Act, 2008, along with the relevant rules, while submitting applications. 🔗 For detailed advisory, please refer to the official advisory issued by MCA: mca.gov.in/bin/dms/getdoc… #MCA #MCAUpdate #CompanyIncorporation #LLPIncorporation #NameReservation

The Ministry of Corporate Affairs has issued General Circular No. 01/2026 dated 24th February 2026, introducing the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026). A one-time compliance window for companies to regularize pending filings with reduced fees and condonation of delay. Under this Scheme, companies may: * File pending annual filings with the MCA-21 registry; or * Apply for Dormant status or seek closure in accordance with the provisions of the Companies Act, 2013. The Scheme will be operational from 15th April 2026 to 15th July 2026. 🔗 For detailed information, please refer to the official General Circular issued by MCA: mca.gov.in/bin/dms/getdoc… #MCA #MCAUpdate #CCFS2026

CCI (@CCI_India) registered 54 cases of anti-competitive practices/ antitrust, received 149 merger (M&A) filings in 2025. Read More: pib.gov.in/PressReleasePa…

Dear Team @MCA21India We have filed Refund forms on 05-01-26 still under process, kindly process at the earliest 1. AC1018425, 2. AC1017008, 3. AC1017850, 4. AC1019613 @HelpdeskMCA21V3 @icsi_cs

@FCSJigarShah @PratibhaGoyal @CAHimankSingla @abhishekrajaram @Infosys_GSTN @GST_Council @GST

At the time GST Registration what should be selected under “Constitution of Business” for a Section 8 Company? Should it be treated as Private Limited Company or under Society / Trust category? Looking for clarity from professionals who have handled this. #Compliance #CSTwitter

KIND ATTENTION TAXPAYERS! With the Income-tax Act, 2025 set to come into force from 1st April 2026, the Draft Income-tax Rules & Forms, 2026 have been framed and placed in the public domain for feedback/comments from public & stakeholders. 👉Comments from stakeholders and public are invited to make the rule-making process more participative and effective. 👉For ease of reference, navigators mapping existing Rules/Forms with the draft versions have been shared. 👉Feedback/comments may be submitted at: eportal.incometax.gov.in/iec/foservices…

client is not going to bear this heavy penalty due to your system failure because we have filed the form and make payment within time line. @MCA21India @HelpdeskMCA21V3 please resolved asap and give the grant to submit the same application. @icsi_cs @theicai #mca21 #ca #cs

As per conversation with MCA customer care they said wait payment will update but payment is not updated till the due date 31st Jan after that on 02/02/2026 we have seen our application is cancelled. @MCA21India please look into this matter because this penalty is too much and

Dear @MCA21India @HelpdeskMCA21V3 we have submitted Annual Filing form on 24/01/2026 with SRN No AC1624148 and Fees is paid on same day but challan was not generated due MCA glitch but payment is deducted from account.

Due date for filing ITR for FY 2025-26 if you are Partner in a Partnership Firm: If Accounts are Audited: 31/10/2026 If Accounts are Not-Audited: 31/08/2026

Budget 2026: Buyback Taxation Explained

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