Author: CA Adityavikram Banka

The author is a Practicing CA, Founder of A. S. Banka Advisors Private Limited & Partner of Dhiraj & Dheeraj. You can reach out to the author on : info@asbanka.com www.asbanka.com
GST Notifications & Order GST

GSTAT Cohort-D With 35 Days Left to the June 30 2026 Cut-Off: The 5 NIC Portal Filing Errors Killing Practitioner Throughput, Section 112(8) Pre-Deposit Mechanics Under Rule 123 of the GSTAT Procedure Rules 2025, Section 112(6) Condonation Map to September 28 2026, and the Week-by-Week Sprint Template for the Final Filing Window

CA Adityavikram Banka

GSTAT Cohort-D closes June 30, 2026 with 35 days remaining as of May 26, 2026. Five NIC portal filing errors are killing practitioner throughput: cohort mismatch on Form APL-05, pre-deposit miscalculation on multi-period orders, missing Order-in-Original, challan dated before OIA, and grounds drafted on legacy Finance Act 1994 / state VAT framework. Section 112(8) pre-deposit mechanics, Section 112(6) condonation map to September 28, 2026, and the 5-week filing sprint template.

Income Tax Notifications & Order IT

CBDT FAQ Deep-Dive Series #5: Transfer Pricing Transition Under Sections 92 to 92F of the Income-tax Act 1961 Preserved by Section 536 Sub-Clause 5 of the Income-tax Act 2025 for FY 2025-26 Files – Form 3CEB October 31 2026 Deadline, Form 3CEAA Master File Rule 10DA, Form 3CEAD CbCR Rule 10DB, Section 92CA TPO Reference, Section 92CB Safe Harbour Rule 10TD, and the 8-Step Practitioner Sprint Before October 31, 2026

CA Adityavikram Banka

Section 536 sub-clause 5 of the Income-tax Act 2025 preserves the entire Chapter X transfer pricing framework (Sections 92-92F of the 1961 Act and Rules 10A-10THD) for FY 2025-26 international and specified-domestic transactions. Form 3CEB October 31, 2026 deadline, Form 3CEAA master file Rule 10DA, Form 3CEAD CbCR Rule 10DB, Section 92CB safe harbour Rule 10TD, Section 92CC APA continuity, penalty exposure under Sections 271BA / 271AA / 271G / 271GB / 270A, and an 8-step practitioner sprint.

Income Tax Notifications & Order IT

New Income Tax Act 2025 Takes Effect April 1, 2026: What Every Taxpayer, CA, and Startup Founder Must Know

CA Adityavikram Banka

The Income-tax Act, 2025 will replace the six-decade-old Income-tax Act, 1961 with effect from April 1, 2026. This is the most significant overhaul of India’s direct tax framework in over … Read More

Finance

FEMA (Guarantees) Regulations, 2026: RBI Overhauls Cross-Border Guarantee Framework – Key Changes for Businesses

CA Adityavikram Banka

The Reserve Bank of India has notified the Foreign Exchange Management (Guarantees) Regulations, 2026, replacing the two-decade-old FEM (Guarantees) Regulations, 2000. Announced on January 6, 2026, the new framework represents … Read More

Corporate Law Notification & Order Corporate Law

MCA Director KYC Goes Triennial: Key Changes Effective March 31, 2026 – What Directors Must Do Now

CA Adityavikram Banka

In a significant move to ease the compliance burden on India’s corporate directors, the Ministry of Corporate Affairs (MCA) has replaced the annual Director KYC requirement with a simplified triennial … Read More

Corporate Law MSME Notification & Order Corporate Law

Companies Compliance Facilitation Scheme (CCFS) 2026: MCA’s One-Time Window for Regularising Pending ROC Filings

CA Adityavikram Banka

The Ministry of Corporate Affairs (MCA) has announced the Companies Compliance Facilitation Scheme (CCFS) 2026, a one-time amnesty window under Sections 403 and 460 of the Companies Act, 2013. The … Read More

Corporate Law Finance Notification & Order Corporate Law

FEMA Guarantees Regulations, 2026: RBI Replaces 25-Year-Old Framework – Key Changes for Businesses & Professionals

CA Adityavikram Banka

The Reserve Bank of India (RBI) has issued the Foreign Exchange Management (Guarantees) Regulations, 2026, effective from 6th January 2026, replacing the archaic FEMA (Guarantees) Regulations, 2000 that had governed … Read More