The Income Tax Act, 2025 (replacing the 1961 Act) and the Income Tax Rules, 2026 (replacing the 1962 Rules) came into effect from 1 April 2026. The transition affects every TDS deduction, every salary slip, every TDS challan, and every form reference from that date onwards. Section 80C is now Section 123, Section 87A is Section 157, Section 192 (salary TDS) is now Section 392, and all non-salary TDS provisions consolidate into Section 393 using Numeric Payment Codes 1001-1067. Form 16 becomes Form 130, Form 26AS becomes Form 168.
Important: ITR for FY 2025-26 (AY 2026-27), to be filed in July 2026, continues under the 1961 Act using old section numbers. The new Act applies prospectively to income earned from 1 April 2026 onwards (Tax Year 2026-27).
Income-Tax Return Filing for AY 2026-27 — Key Dates and Documentation
The Income-Tax Return filing window for Assessment Year 2026-27 (Financial Year 2025-26) is open. For individuals who are not subject to audit, the due date is 31 July 2026; for taxpayers whose accounts are required to be audited, the due date is 31 October 2026.
Documents typically required include Form 16 from each employer (for salaried individuals), interest certificates from banks, Form 26AS and the Annual Information Statement (AIS), proofs of deductions claimed (LIC premium, ELSS, home loan interest, donations, etc.), bank statements for the financial year and details of any capital gains transactions. Where the new tax regime is being opted, deduction proofs are largely not required other than for specified items.
The annual GST return for FY 2024-25 (GSTR-9) and the reconciliation statement for entities with turnover above ₹5 crore (GSTR-9C) are due by 31 December 2026.
A clean filing depends on reconciliation across three sources: the books of accounts, the GSTR-1 outward supplies, and the GSTR-3B summary returns. Common reconciliation points include ITC mismatches with GSTR-2B, unmatched RCM payments, credit notes that were not reflected in returns, and supplies reported under wrong heads (B2B vs B2C, intra-state vs inter-state). Identifying and correcting these well before the due date is important — once the annual return is filed, the figures become final positions.
Mar 2026ROC / Company Law
Annual ROC Compliance Calendar — DPT-3, MSME-1 and DIR-3 KYC
For companies and LLPs, the financial year rolls into a structured filing calendar. DPT-3 (return of deposits or money received that are not deposits) is due by 30 June for the position as of 31 March. MSME-1, the half-yearly return reporting outstanding payments to MSME vendors beyond 45 days, is due 30 April (for Oct–Mar) and 30 October (for Apr–Sep).
DIR-3 KYC for every director holding a DIN as of 31 March must be filed by 30 September. Non-filing leads to DIN deactivation and a ₹5,000 reactivation fee per director. For first-time filers, DIR-3 KYC (full form) is used; for subsequent years, DIR-3 KYC Web (OTP-based) suffices unless particulars have changed.
Statutory Due Dates
Compliance Calendar
A quick reference of recurring tax, GST and corporate due dates. Please verify current notifications before filing.
Due Date
Compliance / Form
Period
Category
7th of every month
TDS / TCS Deposit (Challan ITNS-281)
Previous month
Direct Tax
11th of every month
GSTR-1 (Outward Supplies)
Previous month
GST
20th of every month
GSTR-3B (Summary Return)
Previous month
GST
15th Jun / Sep / Dec / Mar
Advance Tax Instalments
Quarterly
Direct Tax
31st Jul
Income-Tax Return — Individuals (Non-Audit)
Annual
Direct Tax
30th Sep
Tax Audit Report (Form 3CA / 3CB & 3CD)
Annual
Audit
31st Oct
ITR — Audit Cases / Companies
Annual
Direct Tax
30th Oct
AOC-4 (Financial Statements with ROC)
Annual
ROC
29th Nov
MGT-7 / MGT-7A (Annual Return with ROC)
Annual
ROC
31st Dec
GSTR-9 / GSTR-9C (GST Annual Return)
Annual
GST
Due dates are indicative and may shift through CBDT, CBIC, or MCA notifications. Please refer to the official portals for the latest position.
Knowledge Centre
Checklists & Ready Reckoners
Working checklists and reference sheets for clients, provided for informational use. Request a copy through the contact form.
Note: These references are general working materials for informational use only. Always verify the current statutory position from official portals or by engaging the firm formally. If a specific download link is not active, the document may still be in preparation — please contact us.
Frequently Asked
Common questions, clearly answered
Quick clarifications on engagement, services and compliance terms.
The firm provides services across statutory and tax audits, direct taxation (income tax, TDS), GST and indirect taxation, corporate / ROC compliance, accounting and payroll support, and general advisory including registrations like MSME / Udyam, IEC and FSSAI.
The practice primarily serves small and medium enterprises (SMEs), start-ups, professionals, salaried individuals and family-owned businesses based in Delhi-NCR, with PAN-India digital service capability.
Fees are determined on the basis of nature, scope and complexity of the engagement and are agreed in writing through an engagement letter, in line with ICAI guidance. The firm does not display fee schedules publicly, in keeping with ICAI's professional ethics requirements.
Yes. Client information is treated as strictly confidential and handled in accordance with the ICAI Code of Ethics and applicable data protection norms. Documents shared via email or the client portal are accessed only by authorised personnel of the firm.
UDIN (Unique Document Identification Number) is an 18-digit identifier generated on the ICAI portal to authenticate every document certified by a Chartered Accountant. All certificates, reports and tax-audit forms issued by the firm carry a valid UDIN, which can be verified on udin.icai.org.
Yes. The firm regularly serves clients across India through digital communication, secure document exchange and the client portal. Where physical attendance is required (e.g. specific audit fieldwork or hearings), travel is arranged on a need-basis.
Please use the Contact section of this website or call the office directly. After an initial discussion, the firm shares a written engagement letter outlining scope, deliverables and fee. Work commences upon mutual sign-off of the engagement letter.
PAN (Permanent Account Number) is a 10-character alphanumeric identifier issued by the Income-Tax Department. It is mandatory for all taxpayers, for opening bank accounts, financial transactions above prescribed limits, and filing income-tax returns. PAN is also used as a KYC document and is linked with Aadhaar for most individuals.
TDS (Tax Deducted at Source) is income-tax deducted by the payer at the time of making specified payments such as salary, professional fees, rent, contract payments and interest. It must be deposited with the government by the 7th of the following month and quarterly TDS returns must be filed in Form 24Q / 26Q / 27Q.
The New Regime (default from FY 2023-24) offers lower slab rates but limited deductions. The Old Regime allows deductions under 80C, 80D, HRA, home-loan interest, etc., but has higher slab rates. The right choice depends on your deductions claimable. Use the Income-Tax Calculator in the Tools section to compare both regimes side by side.
If your total tax liability for the year exceeds ₹10,000, advance tax must be paid in four instalments: 15% by 15 June, 45% by 15 September, 75% by 15 December and 100% by 15 March. Presumptive taxpayers (44AD / 44ADA) pay 100% in a single instalment by 15 March. Shortfalls attract interest under Section 234C.
GST registration is mandatory if aggregate turnover crosses ₹40 lakh (₹20 lakh for service providers; ₹10 lakh in special-category states). Inter-state suppliers, e-commerce operators, casual taxable persons and those liable under reverse charge must register irrespective of turnover. Voluntary registration is also permitted.
Under reverse charge, the recipient of goods or services pays GST directly to the government instead of the supplier. RCM applies on specified categories — e.g., legal services from an advocate, services from a goods transport agency (GTA), import of services, and certain notified goods. Recipients must pay GST through cash ledger and can claim ITC if otherwise eligible.
ITC is the credit of GST paid on purchases that can be set off against the GST payable on outward supplies. To claim ITC, the recipient must possess a valid tax invoice, the supplier must have filed GSTR-1, the invoice must reflect in GSTR-2B, and the recipient must have received the goods or services. Time limit for claim — earlier of 30 November of the next year or annual return date.
Regular taxpayers file GSTR-1 (outward supplies — monthly/quarterly) by the 11th/13th, and GSTR-3B (summary return with tax payment) by the 20th of the following month. Annual return GSTR-9 and reconciliation statement GSTR-9C (for turnover above ₹5 Cr) are due by 31 December of the next financial year.
DIN (Director Identification Number) is a unique 8-digit number allotted by the Ministry of Corporate Affairs (MCA) to every individual who is or intends to become a director of a company. It is mandatory for filing any company-related documents with the ROC. DIN is allotted through Form DIR-3 and remains valid for life unless surrendered or deactivated.
Every individual holding a DIN as on 31 March of a financial year must file annual KYC by 30 September of the following year. First-time filers use Form DIR-3 KYC with documents; subsequent years can use DIR-3 KYC Web (OTP-based). Non-filing leads to DIN deactivation and a reactivation fee of ₹5,000.
AOC-4 is the e-form for filing audited financial statements (balance sheet, P&L, board's report) with the ROC, due within 30 days of the AGM. MGT-7 (or MGT-7A for small companies / OPCs) is the annual return capturing details of shareholders, directors, indebtedness etc., due within 60 days of the AGM.
DPT-3 is an annual return required to be filed by every company (other than government companies) reporting receipt of money or loans which are not deposits as on 31 March each year. Due date is 30 June. Even if there are no deposits or loans, a NIL return is generally filed.
A tax audit is required if business turnover exceeds ₹1 crore (₹10 crore where cash transactions are within 5%), or for professionals if gross receipts exceed ₹50 lakh. It is also applicable if income is declared below presumptive thresholds under Section 44AD/44ADA. The audit report is filed in Form 3CA/3CB along with Form 3CD by 30 September of the assessment year.
A statutory audit is the independent audit of a company's financial statements as mandated under the Companies Act, 2013, performed in accordance with the Standards on Auditing issued by ICAI. It applies to all companies regardless of turnover and culminates in an audit report that accompanies the financial statements filed with shareholders and ROC.
From 1 April 2023, every company is required to use accounting software with a feature recording an audit trail of every transaction — creating an edit log of each change made along with date. The auditor must report on whether the audit-trail feature was operational throughout the year. Disabling the audit trail or using non-compliant software is a serious compliance lapse.
This website is intended solely for the dissemination of basic information regarding SKAG and Associates and is in compliance with the guidelines issued by the Institute of Chartered Accountants of India (ICAI). It is not intended to be a source of advertisement, solicitation or inducement of professional work. The information provided here is general in nature and should not be construed as professional advice. By using this website, the visitor acknowledges that there has been no advertisement, personal communication, solicitation or inducement of any sort whatsoever from the firm or any of its members.