Unauthorised documents claiming official guidance are being circulated among professionals and auditees. The advisory clarifies these communications are false, have no legal standing, and must not be acted upon. Legal and disciplinary action may follow against those responsible.
ICAI has launched special preparatory sessions for CA Foundation May 2026 aspirants. The initiative offers structured, paper-wise academic support to improve exam readiness.
ICAI will conduct two rounds of mock tests in April 2026 for CA Foundation students, helping aspirants practice all papers under exam-like conditions.
A company was penalised for filing an incomplete and incorrect INC-22 for change of registered office. Startup status helped secure a reduced penalty under Section 446B.
Errors and omissions in the annual return were held to violate Section 92. Even timely filing does not cure defective disclosures, though penalties were reduced for a startup.
A company was penalised for long-term non-compliance with mandatory appointment of a Company Secretary. The order reiterates strict enforcement of Section 203 of the Companies Act.
The government has granted Section 10(46) tax exemption to a welfare board for cess, fees, and interest income. The relief applies retrospectively, subject to strict compliance conditions.
The notification exempts specified grant and interest income from tax. The benefit is conditional on non-commercial activities and proper return filing.
The appellate authority ruled that electrical installation works for a new factory form part of immovable property. Since they do not qualify as plant and machinery, ITC was held to be blocked under Section 17(5) of the GST law.
The appellate authority held that interactive flat panel displays are primarily large display devices. Despite embedded computing features, they remain classifiable as monitors under HSN 85285900, attracting 28% GST.
