CA Surbhi Srivastava — Finance Educator | Banking, Tax & Compliance

03 — Statutory & Compliance Bulletin

Tap any update to expand it — what changed, when, why, who it affects, whose responsibility it is, the background, and where to verify it. Always cross-check against the official source linked inside.

Official sources: Income Tax Dept ↗ GST Portal ↗ MCA Circulars ↗ RBI Press Releases ↗

Select a category:

What: 31 August 2026 is the statutory due date for filing ITR-3 and ITR-4 for FY 2025-26 (AY 2026-27), for eligible taxpayers whose accounts are not subject to tax audit.
When: Due date: 31 Aug 2026. Several deduction and exemption-related forms are also due alongside the return.
Why: Standard annual filing deadline for non-audit assessees under the Income-tax Act.
Whom: Individuals, professionals and businesses eligible to file ITR-3/ITR-4 whose accounts don't require a tax audit for FY 2025-26.
Whose: Central Board of Direct Taxes (CBDT) / Income Tax Department.
Background: August 2026 is a busy statutory month overall — GSTR-3B for July is due 20 Aug, QRMP PMT-06 by 25 Aug, and various TDS/PF/ESI deadlines shift around the 15 Aug holiday and month-end weekend.
Where: Read on the Income Tax Dept site →

What: CBIC issued CGST Circular No. 255/2026 clarifying which tax officer (central or state) handles a taxpayer's ongoing GST proceedings after the taxpayer's jurisdiction is transferred or changed.
When: Circular 255/2026, issued August 2026.
Why: To resolve confusion and disputes over which officer retains authority over an open case (audit, scrutiny, adjudication) when a taxpayer's GST jurisdiction changes mid-proceeding.
Whom: GST-registered taxpayers with pending proceedings who have changed — or are changing — their registered jurisdiction (e.g. after a business relocation).
Whose: CBIC (Central Board of Indirect Taxes and Customs).
Background: Jurisdiction-transfer disputes have been a recurring source of procedural litigation under GST; this circular aims to give officers and taxpayers a clear default rule.
Where: Read on the GST portal →

What: RBI issued revised TReDS (Trade Receivables Discounting System) Directions, 2026, updating the rules governing how MSMEs discount their trade receivables for working capital.
When: Notified 2026 (confirm exact effective date against the official RBI circular).
Why: To improve MSME access to working capital by refining how TReDS platforms and participants (MSME sellers, buyers, financiers) operate.
Whom: MSME sellers using TReDS platforms, corporate buyers, and banks/NBFCs financing receivables through TReDS.
Whose: Reserve Bank of India (RBI).
Background: TReDS was created to help MSMEs get faster payment on their receivables without waiting out long payment cycles from larger buyers — this update refines the operating framework.
Where: Read full source →

What: GSTN issued a new advisory on GSTR-3B covering changes to how interest on delayed tax payment is collected, with system-driven calculation replacing manual computation.
When: Advisory issued August 2026, applicable from the current filing cycle.
Why: To improve accuracy of interest computation and reduce manual errors and disputes on late-payment interest.
Whom: All regular GST-registered taxpayers filing GSTR-3B.
Whose: GSTN (Goods and Services Tax Network).
Background: Part of a broader push toward system-driven validation on the GST portal, alongside stricter ITC checks introduced earlier in the year.
Where: Read on the GST portal →

What: CBIC informed Parliament that no proposals for GST or indirect taxes will feature in the forthcoming Budget 2026.
When: Reported August 2026.
Why: Signals a period of GST-rate and structural stability ahead of the Budget, following a wave of changes earlier in 2026.
Whom: All GST-registered taxpayers and businesses planning around the Union Budget announcement.
Whose: CBIC (Central Board of Indirect Taxes and Customs) informed the Ministry of Parliamentary Affairs.
Background: Follows a significant volume of GST changes already rolled out through 2026 — this signals no further indirect-tax shake-up is planned in the near term.
Where: Read on the GST portal →

What: GSTN issued a new advisory enabling online opt-in declarations for specified hotel accommodation premises under GST.
When: Advisory issued August 2026.
Why: To streamline how specified hotel premises declare their GST treatment online, replacing manual/offline declaration processes.
Whom: Hotel and accommodation service providers falling under the specified premises category.
Whose: GSTN (Goods and Services Tax Network).
Background: Continues GSTN's pattern of moving manual declarations onto the online portal for better tracking and compliance.
Where: Read on the GST portal →

What: A proposed Corporate Laws (Amendment) Bill, 2026 would expand the definition of a "small company," liberalise buyback rules, and convert NFRA (National Financial Reporting Authority) into a body corporate.
When: Reported August 2026. This is a proposed bill, not yet enacted law — provisions may change before passage.
Why: To ease compliance for smaller companies, simplify buyback procedures, and give NFRA a more independent institutional structure.
Whom: Small and mid-sized companies, companies considering share buybacks, and auditors/professionals under NFRA's oversight.
Whose: Ministry of Corporate Affairs (MCA) has proposed the bill; Parliament must pass it for these changes to take effect.
Background: Part of ongoing efforts to modernise the Companies Act and LLP Act — treat this as a heads-up to watch, not yet something to act on.
Where: Read on the MCA site →

What: Two new consolidated forms are now live under the Income-tax Act, 2025: Form 131 (replacing Form 16A, the TDS certificate for non-salary payments) and Form 141 (a single challan-cum-statement replacing the earlier Forms 26QB, 26QC, 26QD and 26QE).
When: Form 131 applies from the April–June 2026 quarter; Form 141 covers specified TDS transactions (immovable property, rent, payments by individuals/HUFs to contractors or professionals, and virtual digital assets) undertaken from July 2026 onward.
Why: To simplify and consolidate TDS reporting under the new Income-tax Act framework, replacing multiple legacy forms with single consolidated statements.
Whom: Tax deductors issuing non-salary TDS certificates, and individuals/HUFs/businesses making specified payments subject to TDS (property purchase, rent, contractor/professional payments, crypto-asset transactions).
Whose: Central Board of Direct Taxes (CBDT), under the Income-tax Act, 2025.
Background: This is the first full quarter-end/month-end cycle where these new form numbers are in force — firms still filing under the old Form 16A/26QB-26QE references risk filing under the wrong reference.
Where: Read on the Income Tax Dept site →

What: CBDT notified the Cost Inflation Index (CII) for FY 2026-27 at 384, used to compute the indexed cost of acquisition for long-term capital gains on eligible assets.
When: Notification S.O. 3889(E), applicable for FY 2026-27 (AY 2027-28) computations.
Why: Annual routine notification adjusting the index for inflation, directly affecting long-term capital gains tax computation on assets eligible for indexation.
Whom: Taxpayers selling long-term capital assets (where indexation still applies) during FY 2026-27, and their tax advisors.
Whose: Central Board of Direct Taxes (CBDT).
Background: Note that indexation benefit itself has been curtailed for several asset classes under recent Finance Act changes — check whether indexation applies to your specific asset before using this index.
Where: Read on the Income Tax Dept site →

What: RBI notified final Directions amending the (Commercial Banks / NBFC) Responsible Business Conduct framework governing loan recovery and recovery agents — the definition of "recovery agency" now ignores contractual labels, mandatory borrower compensation for improper conduct becomes a required policy element, and device-locking on financed mobile phones is prohibited by default with only a narrow, heavily conditioned exception.
When: Notification No. DOR.MCS.REC.No.199/01-01-039/2026-27 (RBI/2026-27/230), dated 6 Aug 2026. Effective 1 January 2027 — pushed back from the originally proposed 1 October 2026.
Why: To close ambiguities in the earlier recovery-agent rules and give borrowers stronger, more clearly enforceable protection against harassment, intimidation and unauthorised device restrictions during recovery.
Whom: All banks, NBFCs and their recovery agents/agencies; and every borrower whose loan recovery is outsourced to a third-party agent.
Whose: Reserve Bank of India (RBI), Department of Regulation.
Background: RBI also withdrew a related proposal that would have required lenders to publish individual recovery agents' details, citing high staff turnover in that role. This directly affects the kind of recovery-agent identification and authorisation issues covered in our vehicle-seizure complaint letter template in the Downloads section.
Where: Read full source →

What: Alongside Form 24Q becoming Form 138 (covered above), Form 26Q — the quarterly TDS return for non-salary payments — is renamed Form 140 under the Income-tax Act, 2025.
When: Applicable from FY 2026-27; the Q1 return under the new numbering was due 31 July 2026.
Why: Part of the same forms-renumbering exercise under the new Income-tax Act.
Whom: Deductors filing quarterly TDS returns for non-salary payments (contractor payments, professional fees, rent, etc.).
Whose: Central Board of Direct Taxes (CBDT), under the Income-tax Act, 2025.
Background: Check that payroll/TDS-filing software has been updated to reference Form 140 rather than the legacy Form 26Q.
Where: Read on the Income Tax Dept site →

What: The erstwhile Form 27EQ (quarterly TCS return) is renumbered Form 143 under the Income-tax Act, 2025.
When: Applicable from FY 2026-27.
Why: Completes the renumbering of the main TDS/TCS return trio — Forms 138, 140 and 143 — under the new Act.
Whom: Collectors required to file quarterly TCS returns.
Whose: Central Board of Direct Taxes (CBDT), under the Income-tax Act, 2025.
Background: Together, Forms 138 (ex-24Q), 140 (ex-26Q) and 143 (ex-27EQ) form the complete renumbered set of quarterly TDS/TCS returns under the new Act.
Where: Read on the Income Tax Dept site →

What: MCA extended the DPT-3 (Return of Deposits) filing due date to 31 July 2026, via General Circular No. 02/2026, as part of its Data Centre Fire Relief Package.
When: New due date: 31 July 2026.
Why: MCA21 data-centre capacity was affected by a fire incident on 5 Jun 2026, prompting relief extensions across several annual filing forms.
Whom: Companies required to file DPT-3, reporting deposits and non-deposit receipts of money as of 31 March.
Whose: MCA administers the extension; company directors and company secretaries remain responsible for filing within the new date.
Background: Part of the same relief package that extended the CCFS-2026 amnesty window to 31 Aug 2026 (see related update above).
Where: Read on the MCA site →

What: Under the Income-tax Act, 2025, the quarterly TDS return for salary payments — previously Form 24Q — is renumbered Form 138.
When: Applicable from FY 2026-27; the Q1 (Apr-Jun 2026) return under the new numbering was due 31 July 2026.
Why: Part of the broader renumbering of forms under the new Income-tax Act, alongside Form 131 (replacing Form 16A) and Form 141 (replacing Forms 26QB-26QE) already covered above.
Whom: Employers and other deductors filing quarterly salary TDS returns.
Whose: Central Board of Direct Taxes (CBDT), under the Income-tax Act, 2025.
Background: Payroll and compliance software still referencing "Form 24Q" should be checked to confirm they've been updated to file under the new Form 138 reference.
Where: Read on the Income Tax Dept site →

What: The Annual Aggregate Turnover (AATO) amendment window for FY 2025-26 opened on the GST portal, letting taxpayers correct their reported AATO figures.
When: Window ran 1–31 July 2026. Tax officials are verifying amended AATO data from 1–15 August 2026.
Why: AATO determines several compliance thresholds (e-invoicing, QRMP eligibility, late fee caps), so accuracy matters — this window lets taxpayers fix errors before the department locks the figure.
Whom: GST-registered taxpayers whose auto-computed AATO figure for FY 2025-26 needs correction.
Whose: GSTN operates the amendment window; tax officials verify submitted corrections.
Background: A similar window was available only in May 2025 for FY 2024-25 — this year's window is later and gives a verification period immediately after.
Where: Read on the GST portal →

What: SEBI's GARUDA circular lets Alternative Investment Fund (AIF) schemes launch within 10 working days of filing, replacing a slower prior approval timeline.
When: Circular dated 30 Jul 2026.
Why: Part of SEBI's broader push (alongside earlier June 2026 board reforms) to speed up fund set-up timelines and reduce regulatory friction for AIF managers.
Whom: AIF managers and sponsors launching new fund schemes.
Whose: Securities and Exchange Board of India (SEBI).
Background: Follows SEBI's June 2026 board-level reforms aimed at easing AIF regulation more broadly.
Where: Read full source →

What: CBDT notified that specified payments — interest, dividends, professional fees, commission and brokerage, and other financial-service income — received by eligible IFSC Units are exempt from TDS.
When: Notification No. 80/2026, F. No. 275/19/2026-IT(B).
Why: Part of continued incentives to encourage financial-services activity within India's IFSC (GIFT City) framework.
Whom: IFSC Units and the payers making these specified payments to them.
Whose: CBDT (Central Board of Direct Taxes).
Background: Issued under the Income-tax Act, 2025; a related notification (No. 75/2026) similarly exempted TDS on ship lease rent paid to IFSC Units.
Where: Read on the Income Tax Dept site →

What: MCA extended the Companies Compliance Facilitation Scheme (CCFS-2026), which lets companies clear pending ROC annual filings at a fraction of the usual late fee, via General Circular No. 03/2026.
When: Announced 8 Jul 2026; new window runs till 31 Aug 2026 (previously 15 Jul 2026).
Why: MCA21 data-centre capacity was affected by a fire incident on 5 Jun 2026, so the deadline was pushed out to give companies fair filing time.
Whom: Companies and LLPs with pending MGT-7, MGT-7A, AOC-4 or related annual filings.
Whose: MCA administers the scheme; company directors and company secretaries are responsible for filing within the new window.
Background: CCFS-2026 was first launched in Feb 2026 to help companies clear backlogged filings cheaply; this is its second deadline extension after MCA21 infrastructure issues.
Where: Read full source →

What: RBI's revised customer-liability framework for fraudulent electronic banking transactions comes into force, with clearer definitions of authorised vs. fraudulent transactions.
When: Effective for transactions from 1 Jul 2026 onward (draft issued 6 Mar 2026).
Why: To modernise the 2017 customer-liability framework for today's digital-fraud patterns and speed up victim compensation.
Whom: Customers of commercial banks (excludes small finance banks, payments banks, RRBs and local area banks).
Whose: Banks bear liability for security lapses; customers bear liability for negligence such as sharing OTPs; third parties like payment aggregators bear liability for their own breaches.
Background: Replaces RBI's 2017 customer-liability circular; the draft was floated on 6 Mar 2026 for public consultation before being finalised.
Where: Read full source →

What: RBI withdrew 732 outdated A.P. (DIR Series) circulars issued under FEMA, as part of a regulatory clean-up exercise.
When: Issued via A.P. (DIR Series) Circular No. 18, dated 24 Jun 2026.
Why: Many of these circulars had already been superseded by later Master Directions and were no longer operative — RBI is consolidating the FEMA rulebook to reduce confusion.
Whom: Authorised Dealer banks and businesses handling FDI, ODI and ECB compliance, who should cross-check that they're relying on current Master Directions, not withdrawn circulars.
Whose: Reserve Bank of India (RBI), Department of Regulation.
Background: This is a housekeeping withdrawal, not a policy change — the underlying rules mostly continue under whichever Master Direction already superseded each circular.
Where: Read on the RBI site →

What: GSTN deferred two E-Way Bill functionalities — the mandatory "Ship To GSTIN" field for Bill-to Ship-to transactions, and the new voluntary E-Way Bill closure feature — originally due 15 Jun 2026, then rescheduled to 1 Aug 2026. GSTN has since postponed it again, with no new implementation date announced as of this update.
When: Originally due 15 Jun 2026, then deferred to 1 Aug 2026 — that date has also now passed without go-live. Watch the GST portal for the next announced date.
Why: Industry representations flagged that ERPs, APIs and master data weren't ready in time for either of the earlier dates.
Whom: Businesses generating E-Way Bills for Bill-to Ship-to transactions, and their ERP/logistics teams — no action or ERP change is needed for now.
Whose: GSTN (Goods and Services Tax Network).
Background: The features remain live in the GSTN sandbox for ERP testing; this is now the second production deferral with no fresh date yet fixed.
Where: Read on the GST portal →

What: RBI's revised External Commercial Borrowing (ECB) framework raises the automatic-route foreign-debt ceiling to USD 1 billion or 300% of net worth, whichever is higher, easing access to foreign-currency borrowing for eligible companies.
When: 2026 (exact notification date to be confirmed against the official RBI circular).
Why: To widen companies' access to foreign-currency working and growth capital under the automatic route, without needing case-by-case RBI approval up to the new ceiling.
Whom: Eligible Indian companies and entities raising foreign-currency debt under the ECB framework.
Whose: Reserve Bank of India (RBI), under FEMA regulations.
Background: Comes alongside RBI's broader 2026 FEMA clean-up, including the withdrawal of 732 defunct FEMA circulars covered above.
Where: Read full source →

What: MCA amended the CSR Rules (via Gazette Notifications G.S.R. 415(E) and 416(E)) and added a new item to Schedule VII of the Companies Act, allowing subscription to zero-coupon zero-principal (ZCZP) instruments on the Social Stock Exchange to count as a CSR activity, capped at 10% of a company's total CSR spend.
When: Notified and effective 27 May 2026.
Why: To widen recognised CSR spending routes and channel more corporate funding into the SEBI-regulated Social Stock Exchange ecosystem; companies using this route are also exempted from impact assessments on those projects.
Whom: Companies with mandatory CSR obligations under Section 135 of the Companies Act.
Whose: MCA administers the rule change; company CSR committees and boards decide whether to use this route, and must verify the recipient NPO is duly registered on the SSE.
Background: Extends the Social Stock Exchange framework SEBI has been building for several years to bring capital-market discipline to social-sector fundraising.
Where: Read the official PIB release →

What: The GST Appellate Tribunal's Principal Bench was empowered to act as the National Appellate Authority for Advance Ruling.
When: Notified 7 May 2026.
Why: To resolve conflicting Advance Rulings passed by different state AAARs through one unified forum, reducing litigation uncertainty.
Whom: Businesses operating across multiple states that rely on GST advance rulings.
Whose: The GSTAT Principal Bench in Delhi now holds this authority, taking it over from individual state AAARs.
Background: Comes soon after the GSTAT Principal Bench delivered its first major order in Feb 2026, establishing it as an active forum for GST litigation.
Where: Read full source →

What: CBIC extended the GSTR-3B filing deadline for the March 2026 tax period by one day, via Central Tax Notification No. 01/2026.
When: Original due date 20 Apr 2026, extended to 21 Apr 2026.
Why: To relieve taxpayers from heavy GST portal load on the original due date.
Whom: All regular GST-registered taxpayers filing GSTR-3B for March 2026.
Whose: CBIC (Central Board of Indirect Taxes and Customs) issued the extension; taxpayers and their accountants remain responsible for filing within the new date.
Background: Deadline extensions like this have become fairly routine whenever the GST portal faces heavy traffic near a due date.
Where: Read full source →

What: The Directorate of Income-tax (Systems) prescribed Form PAN CR-01 for individuals and PAN CR-02 for non-individuals, giving PAN holders a dedicated, standardised form to correct errors in their PAN records. Aadhaar is now mandatory on the form for anyone who holds one.
When: Order dated 1 Apr 2026, effective the same day.
Why: To formalise and standardise the PAN correction process under Rule 158(12) of the Income-tax Rules, 2026, replacing fragmented older procedures.
Whom: Any individual or entity needing to correct their name, date of birth, address or other PAN details.
Whose: CBDT/Directorate of Income-tax (Systems) issues the form; the PAN holder is responsible for filing the correction request via UTIITSL or Protean eGov.
Background: PAN correction was previously handled through general-purpose application forms via PAN service providers — this gives it a dedicated, category-specific format.
Where: Read the official CBDT order →

What: RBI's April regulatory package mandates a second authentication factor on every digital payment, bans foreclosure penalties on floating-rate personal loans, and limits loan-recovery calls to 8am–7pm.
When: Effective 1 Apr 2026.
Why: To strengthen digital-payment security and curb aggressive/harassing loan-recovery practices.
Whom: All bank and NBFC customers using digital payments or holding floating-rate loans.
Whose: Banks, payment service providers and wallet issuers must implement AFA; NBFCs and their recovery agents must follow the revised recovery conduct rules.
Background: Extends Additional Factor Authentication from its earlier, narrower use on card-not-present transactions to every digital payment type, as part of RBI's broader April 2026 package.
Where: Read full source →

What: The Income-tax Act, 2025 and Income-tax Rules, 2026 come into force, replacing the 1961 Act. 50% HRA exemption now covers 8 cities, STT rises for F&O trades, and buyback proceeds are taxed as capital gains.
When: Effective 1 Apr 2026, applicable from Tax Year 2026–27.
Why: To simplify and modernise decades-old tax law and align terminology ("Tax Year" replaces "Assessment Year").
Whom: All individual and business taxpayers filing from FY 2026–27 onward.
Whose: CBDT administers the new Act; taxpayers, employers and deductors must all comply with the revised reporting formats.
Background: Replaces the Income-tax Act, 1961 after a multi-year simplification effort, alongside parallel reforms in GST 2.0 and MCA compliance.
Where: Read full source →

What: CBDT notified the full set of Income Tax Return forms for Assessment Year 2026–27 — ITR-1 through ITR-7, plus ITR-U (updated return) and ITR-V (verification) — with ITR-1 now covering up to two house properties instead of one.
When: Notified 30 Mar 2026, ahead of the FY 2026-27 filing season; a corrigendum correcting drafting errors followed on 10 Apr 2026.
Why: Routine annual renotification to reflect Finance Act 2026 changes — these forms still follow the Income-tax Act, 1961, since they cover income earned in FY 2025–26, a period that predates the new Income-tax Act, 2025.
Whom: All individuals, professionals, firms, companies and trusts filing returns for AY 2026–27.
Whose: CBDT issues the forms; taxpayers and their tax preparers are responsible for using the correct, corrected version.
Background: Forms were notified before the financial year began this time, unlike some prior years when late notification pushed back filing deadlines.
Where: Read on the Income Tax Dept site →

What: CBDT notified the Income-tax Rules, 2026 (Notification No. 22/2026) — the procedural framework for the new Act, covering dividend declaration, stock exchange recognition, capital asset holding periods and digital taxation thresholds.
When: Notified 20 Mar 2026, effective 1 Apr 2026.
Why: To operationalise the Income-tax Act, 2025 with clear procedures and reduce future litigation.
Whom: Companies, financial institutions, and non-resident taxpayers primarily; indirectly all taxpayers.
Whose: CBDT (Ministry of Finance) issued the notification under Section 533 of the Income-tax Act, 2025.
Background: Fills in the procedural detail needed to operationalise the new Act ahead of its 1 Apr 2026 effective date.
Where: Read full source →

What: RBI proposed reimbursing first-time digital fraud victims up to ₹25,000 (85% of loss), alongside launching Financial Literacy Week 2026 themed "KYC — your first step to safe banking."
When: Announced 13 Mar 2026; draft instructions to follow public consultation.
Why: To protect customers as digital-payment fraud sophistication rises, and improve KYC awareness.
Whom: Individual bank customers, especially first-time digital fraud victims.
Whose: RBI (under Governor Sanjay Malhotra) proposed the framework; the compensation itself is funded mostly by RBI with smaller contributions from customer and beneficiary banks.
Background: Follows RBI's review of its 2017 customer-liability framework in light of increasingly sophisticated digital fraud.
Where: Read full source →

What: MCA General Circular No. 01/2026 opened a one-time window (CCFS-2026) letting companies file overdue MGT-7, AOC-4 and related forms at just 10% of the usual additional fee, with immunity from prosecution if filed in time.
When: Circular dated 24 Feb 2026; scheme originally ran 15 Apr–15 Jul 2026 (since extended, see 8 Jul update above).
Why: To help MSMEs and companies clear backlogged filings and clean up the MCA21 registry before stricter enforcement resumes.
Whom: Companies and LLPs with pending annual filings, including those considering dormant status or strike-off.
Whose: MCA issued the circular; company directors and company secretaries are responsible for filing under the scheme.
Background: Standard late fees for annual filings run to ₹100/day with no cap, leaving many MSMEs and startups badly behind — this scheme responds to that backlog.
Where: Read full source →

What: Registrars of Companies can now adjudicate minor non-compliance under the Companies Act and LLP Act directly, without routing it through the NCLT; Regional Directorates expanded from 7 to 10.
When: Notified 10 Feb 2026; Regional Directorate expansion effective 16 Feb 2026.
Why: To reduce NCLT case backlog and speed up resolution of routine, low-severity compliance issues.
Whom: Companies and LLPs facing minor statutory defaults; their compliance officers and CS/CA advisors.
Whose: Registrars of Companies (RoC) now hold first-level adjudication power; the NCLT retains jurisdiction only for complex or contested matters.
Background: Mirrors registry-level enforcement models used in the UK, Singapore and Australia, where routine penalties are handled administratively rather than through tribunals.
Where: Read full source →

What: GSTN began shifting from soft warnings to hard blocks on GSTR-3B filing when input tax credit doesn't match eligible ledger balances.
When: Rolling out through January 2026 onward.
Why: To push GST compliance toward automated, system-driven accuracy and reduce manual reporting errors.
Whom: GST-registered businesses claiming input tax credit, and the accountants filing on their behalf.
Whose: GSTN (GST Network) operates and enforces the portal; taxpayers and their accountants must ensure ITC reporting matches ledger balances before filing.
Background: Part of a broader shift across the GST portal from advisory warnings to system-enforced, automated compliance checks.
Where: Read full source →

What: Banks began closing accounts inactive for two or more years, alongside stricter deadlines for updating Aadhaar, PAN and address KYC details on existing accounts.
When: Effective 1 Jan 2026.
Why: Part of RBI's push to keep account records current and reduce misuse of dormant accounts.
Whom: Any bank customer with an inactive account or outdated KYC documents.
Whose: Banks are responsible for identifying and closing dormant accounts; customers are responsible for keeping their KYC documents current.
Background: Reflects a long-standing RBI concern that dormant accounts can be misused for fraud or as money-mule conduits.
Where: Read full source →

What: CBDT's amendments to Rules 114F–114H bring crypto-assets, e-money and other digital holdings into mandatory financial account reporting by banks and institutions.
When: Notified 5 Mar 2026, effective retroactively from 1 Jan 2026.
Why: To align India's reporting framework with international Common Reporting Standard (CRS) norms for digital assets.
Whom: Reporting financial institutions primarily; individuals may need to give extra self-certification/TIN details.
Whose: Banks and other reporting financial institutions must collect and report the data; CBDT administers the underlying rule.
Background: Aligns India's reporting framework with the OECD's Common Reporting Standard as crypto and digital-asset holdings increasingly cross borders.
Where: Read full source →

This bulletin is manually curated and verified, updated periodically, with full context for each item. Switch to the "Live Feed" tab above for a genuinely auto-refreshing feed pulled directly from official RBI and Government of India sources — see its "How this works" note for what's automated versus manual.

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Disclaimer: The updates above are provided for general informational purposes only and do not constitute legal, tax, or professional advice. While every effort is made to keep this content accurate and current, laws and notifications change frequently — always verify against the official source (linked with each item) before relying on it, and consult a qualified professional for advice specific to your situation.

05 — Tools

Financial Calculators

Quick, simplified estimates for common situations. All figures are illustrative — for anything with real money or legal stakes, confirm with a professional before acting.

Annual Gross Income (₹)

Deductions (80C, 80D, etc. — Old Regime only) (₹)

Estimated Tax Payable

Old Regime (with deductions)₹0

New Regime (default)₹0

Better Option—

Legal Basis

Tax slabs and the New Regime are governed by Section 202 of the Income-tax Act, 2025 (the successor to Section 115BAC of the Income-tax Act, 1961), which is the default regime unless the taxpayer opts out. The Old Regime slabs and deductions (Section 80C, 80D, etc., renumbered within the deductions chapter of the 2025 Act) continue under the general charging provisions. Rates shown are exclusive of applicable cess and surcharge. Note: The Income-tax Act, 1961 was replaced by the Income-tax Act, 2025 with effect from 1 April 2026 (Tax Year 2026-27 onward). Budget 2026 made no change to these slab rates — they carry forward unchanged from FY 2025-26. Verify on the Income Tax Department portal →

Uses FY 2026-27 slab rates (unchanged from FY 2025–26 per Budget 2026) and a standard deduction of ₹75,000 (new regime) / ₹50,000 (old regime), excluding cess and surcharge.

Loan Amount (₹)

Annual Interest Rate (%)

Tenure (Months)

EMI Breakdown

Monthly EMI₹0

Total Interest Payable₹0

Total Amount Payable₹0

Standard reducing-balance EMI formula. Excludes processing fees, insurance or other loan charges.

Product / Cash Price (₹)

Down Payment (₹)

Annual Interest Rate (%)

Tenure (Months)

What You Actually Pay

Amount Financed₹0

Total Interest Cost₹0

Total Amount Paid (incl. down payment)₹0

Effective Cost Over Sticker Price0%

Shows the real cost of "buy now, pay later" or EMI purchases once interest is included — useful before financing a phone, appliance, vehicle, etc.

Monthly Investment (₹)

Expected Annual Return (%)

Investment Period (Years)

Projected Corpus

Total Invested₹0

Estimated Returns₹0

Estimated Maturity Value₹0

Assumes a constant monthly investment and return rate — actual mutual fund returns vary and are never guaranteed.

Starting Corpus (₹)

Monthly Withdrawal (₹)

Expected Annual Return (%)

How Long the Corpus Lasts

Monthly Withdrawal₹0

Total Withdrawn₹0

Corpus Lasts For—

Assumes a constant monthly withdrawal and return rate, compounded monthly. Capped at a 50-year projection.

Amount (₹)

GST Rate (%)

This Amount Is

GST Breakdown

Base Amount₹0

GST Amount₹0

Total Amount₹0

Legal Basis

GST is levied under Section 9 of the CGST Act, 2017 (and the corresponding SGST/UTGST Acts), with the value of supply determined under Section 15 of the CGST Act, 2017. Intra-state supplies attract CGST + SGST at the notified rate; inter-state supplies attract IGST under Section 5 of the IGST Act, 2017. Applicable rate depends on the HSN/SAC classification as notified by the GST Council/CBIC. Verify current rates on the CBIC portal →

CGST + SGST (or IGST) split isn't shown — this is the combined GST amount only.

TDS Amount (₹)

Type of Delay

Due Date

Actual Date

Estimated Interest u/s 201(1A)

Months Counted (part-month = full month)0

Applicable Rate0%

Estimated Interest₹0

Legal Basis

Under the Income-tax Act, 1961, this was governed by Section 201(1A): interest at 1% per month (or part thereof) for failure to deduct TDS, and 1.5% per month (or part thereof) for TDS deducted but not deposited on time — computed on a calendar-month basis, not per day. Note: The Income-tax Act, 1961 was replaced by the Income-tax Act, 2025 with effect from 1 April 2026 (Tax Year 2026-27 onward); TDS provisions are now consolidated under Sections 392–393, with the corresponding interest-for-default provision regrouped under Chapter XIX of the new Act. Rates are unchanged — confirm the exact section reference before citing it for FY 2026-27 compliance. Verify on the Income Tax Department portal →

Interest under Section 201(1A) is calculated per calendar month or part thereof — this is a simplified estimate; verify against your actual deduction/payment dates and the department's calculation.

TCS Amount (₹)

Due Date

Actual Payment Date

Estimated Interest u/s 206C(7)

Months Counted (part-month = full month)0

Applicable Rate1% per month

Estimated Interest₹0

Legal Basis

Under the Income-tax Act, 1961, this was governed by Section 206C(7): interest at 1% per month (or part thereof) where tax collected at source (TCS) is not paid to the government within the prescribed time, computed from the date it was collectible to the date of actual payment. Note: The Income-tax Act, 1961 was replaced by the Income-tax Act, 2025 with effect from 1 April 2026 (Tax Year 2026-27 onward); TCS provisions are now consolidated under Section 394 of the new Act. Rates are unchanged — confirm the exact sub-provision before citing it for FY 2026-27 compliance. Verify on the Income Tax Department portal →

Section 206C(7) charges 1% per month or part thereof on delayed TCS collection/payment — this is a simplified estimate.

Tax Amount Delayed (₹)

Situation

Due Date

Actual Payment Date

Estimated Interest u/s 50, CGST Act

Days Delayed0

Applicable Rate18% p.a.

Estimated Interest₹0

Legal Basis

Governed by Section 50(1) of the CGST Act, 2017 read with Rule 88B: interest at 18% p.a. (simple interest) applies on tax paid late through the electronic cash ledger, for the period from the day after the due date to the date of payment. Section 50(3) charges interest at 24% p.a. on input tax credit wrongly availed and utilised, or on any wrongful refund, running from the date of utilisation/refund until repayment. Verify on the CBIC portal →

Calculated on a daily basis (rate × days/365) as per Section 50 of the CGST Act — a simplified estimate excluding any partial-payment adjustments.

Net Monthly Income (₹)

Existing Monthly EMIs / Obligations (₹)

Expected Interest Rate (% p.a.)

Loan Tenure (Years)

Bank's FOIR Norm (%)

Estimated Eligibility

Maximum Affordable EMI₹0

Estimated Loan Eligibility₹0

Uses FOIR (Fixed Obligation to Income Ratio): Max EMI = (Net Income × FOIR%) − existing obligations. Actual eligibility varies by lender, credit score, co-applicant income, and property value — this is illustrative only.

Basic Salary + DA (Annual) (₹)

HRA Received (Annual) (₹)

Actual Rent Paid (Annual) (₹)

City Type

HRA Exemption (Sec 10(13A))

Actual HRA Received₹0

Rent Paid − 10% of Basic₹0

50%/40% of Basic (per city)₹0

Exempt HRA (Least of Above)₹0

Taxable HRA₹0

Legal Basis

Under the Income-tax Act, 1961, this was governed by Section 10(13A) read with Rule 2A of the Income-tax Rules, 1962. The exempt amount is the least of: actual HRA received, rent paid minus 10% of salary, or 50% of salary (metro cities) / 40% of salary (non-metro cities). Available only under the Old Tax Regime. Note: The Income-tax Act, 1961 was replaced by the Income-tax Act, 2025 with effect from 1 April 2026 (Tax Year 2026-27 onward); exemptions formerly under Section 10 have been renumbered/moved within the new Act's structure. The exemption formula and limits are unchanged — confirm the exact new-Act reference before citing it for FY 2026-27 compliance. Verify on the Income Tax Department portal →

HRA exemption is available only under the Old Tax Regime, and only if you actually pay rent. Exemption = least of the three figures above.

Annual CTC (₹)

Basic Salary (% of CTC)

Professional Tax (Monthly) (₹)

Tax Regime for TDS Estimate

Estimated Take-Home

Basic Salary (Annual)₹0

Employee PF Contribution (12% of Basic)₹0

Professional Tax (Annual)₹0

Estimated Income Tax (TDS)₹0

Estimated Annual In-Hand₹0

Estimated Monthly In-Hand₹0

Assumes employer PF match is part of CTC (not deducted from salary again), no bonus/variable component, and a standard deduction. Actual in-hand depends on your exact salary structure — verify with HR/payslip.

Nature of Payment

Payment Amount (₹)

Payee has valid PAN?

Estimated TDS

Threshold Limit₹0

Applicable Rate0%

TDS Amount₹0

Net Payment After TDS₹0

Legal Basis

Under the Income-tax Act, 1961, TDS was deducted under the relevant provision of Chapter XVII-B (e.g. Section 194C — contractors, 194H — commission/brokerage, 194I — rent, 194J — professional/technical fees, 194A — interest, 194Q — purchase of goods). Note: The Income-tax Act, 1961 was replaced by the Income-tax Act, 2025 with effect from 1 April 2026 (Tax Year 2026-27 onward); TDS on salary is now consolidated under Section 392 and TDS on all other payments (including the provisions listed above) under Section 393 of the new Act, each identified by a payment code rather than a standalone section number. Rates and thresholds are unchanged. This tool applies standard rates only — verify the specific payment code, threshold, and any lower/nil-deduction certificate before deducting. Verify on the Income Tax Department portal →

FY 2026-27 standard rates (unchanged from FY 2025-26). If the payment is below the threshold shown above, no TDS applies. Actual applicability depends on aggregate payments in the year, payee category, and any lower-deduction certificate — verify before deducting.

Basic Salary + DA (Monthly) (₹)

Current Age

Current EPF Balance (₹)

Expected Annual Salary Hike (%)

Projected EPF Corpus at Retirement (Age 58)

Employee Contribution (12% of Basic)₹0

Employer Contribution (3.67% to EPF)₹0

Interest Rate Used8.25% p.a. (last notified, FY 2025–26)

Projected Corpus at Retirement₹0

Legal Basis

Governed by the Employees' Provident Funds & Miscellaneous Provisions Act, 1952 and the Employees' Provident Fund Scheme, 1952. Employee contribution is 12% of basic + DA; employer's matching 12% is split between EPF (3.67%) and the Employees' Pension Scheme (8.33%, subject to a wage ceiling). The interest rate is notified annually by the EPFO/Central Government — 8.25% p.a. was the last confirmed rate (FY 2025–26); the FY 2026-27 rate had not yet been notified as of this update, so 8.25% is carried forward as an estimate. Verify current rate on the EPFO portal →

Employer's remaining 8.33% typically goes to EPS (pension), not EPF principal, so only 3.67% employer share is compounded here. Simplified year-by-year projection; excludes EPS, VPF, and withdrawal scenarios.

Last Drawn Basic + DA (Monthly) (₹)

Years of Service (completed)

Covered Under Payment of Gratuity Act, 1972?

Estimated Gratuity (Sec 10(10))

Formula Used15/26 × salary × years

Gratuity Payable₹0

Statutory Exemption Ceiling₹20,00,000

Exempt Gratuity (Least of Payable / Ceiling)₹0

Legal Basis

Gratuity payable is computed under Section 4 of the Payment of Gratuity Act, 1972 (15 days' wages for every completed year of service, using the 15/26 formula for covered employees) — this Act is unaffected by the Income Tax Act transition below. Tax exemption on the amount received was governed by Section 10(10) of the Income-tax Act, 1961, subject to a lifetime ceiling of ₹20 lakh as last notified by the Central Government. Note: The Income-tax Act, 1961 was replaced by the Income-tax Act, 2025 with effect from 1 April 2026 (Tax Year 2026-27 onward); exemptions formerly under Section 10 have been renumbered/moved within the new Act's structure. The exemption formula and ₹20 lakh ceiling are unchanged — confirm the exact new-Act reference before citing it for FY 2026-27 compliance. Verify on the Ministry of Labour & Employment portal →

Requires minimum 5 years of continuous service (except death/disablement). Years of service is rounded per the Act's rules (6+ months counts as a full year for covered employees) — this tool uses your entered whole-year figure directly.

Return Type

Annual Turnover (for cap)

Due Date

Actual Filing Date

Estimated Late Fee (Sec 47, CGST Act)

Days Delayed0

Per-Day Rate₹50/day

Before Cap (CGST + SGST)₹0

Late Fee Payable (Capped)₹0

Legal Basis

Governed by Section 47 of the CGST Act, 2017 read with CBIC notifications prescribing the per-day rate (₹25 CGST + ₹25 SGST for standard returns, lower for nil returns) and turnover-based caps. Late fee must be paid in cash and cannot be offset against Input Tax Credit. Verify current caps on the CBIC portal →

This is late FEE only (for delayed filing) — separate from INTEREST on unpaid tax (see the "Interest on GST" tool). Late fee must be paid in cash and cannot be offset against ITC.

Leave Encashment Amount Received (₹)

Employee Category

Average Monthly Salary (last 10 months) (₹)

Unused Leave (Days, max 30/year of service)

Exemption Under Sec 10(10AA)

Actual Amount Received₹0

10 Months' Average Salary₹0

Cash Equivalent of Unused Leave₹0

Statutory Ceiling₹25,00,000

Exempt Amount (Least of Above)₹0

Taxable Amount₹0

Legal Basis

Under the Income-tax Act, 1961, this was governed by Section 10(10AA). Government employees: fully exempt. Non-government employees: exemption is the least of actual amount received, 10 months' average salary, cash equivalent of unused leave, or the statutory ceiling — currently ₹25 lakh (a lifetime limit across all employers) per CBDT Notification No. 31/2023. Note: The Income-tax Act, 1961 was replaced by the Income-tax Act, 2025 with effect from 1 April 2026 (Tax Year 2026-27 onward); this exemption has been renumbered within the new Act (reported in tax literature as Section 19, though this should be confirmed against the Act text). The exemption formula and ₹25 lakh ceiling are unchanged. Verify on the Income Tax Department portal →

Government employees: fully exempt, this tool shows ₹0 taxable. Non-government employees: exemption is the least of the figures above (₹25 lakh ceiling is a lifetime limit across all employers, per CBDT Notification 31/2023).

Common penalty and interest provisions by law — for quick reference only. Actual penalties depend on facts, intent and department discretion; this is not a calculator.

What: Three related but distinct interest charges under the Income-tax Act: Sec 234A charges interest for filing your return after the due date; Sec 234B charges interest where advance tax paid during the year was less than 90% of your final tax liability; Sec 234C charges interest for paying advance tax instalments late or short during the year, even if the full amount is paid by year-end. All three are calculated at 1% per month or part of a month (so even one day into a new month counts as a full month) on the shortfall amount, and they can apply simultaneously on the same return.
When: These are standing provisions, not a one-time notification — they apply automatically every assessment year to any return with a shortfall, computed by the Income Tax Department's system (CPC) when your return is processed.
Why: The interest exists to compensate the government for the time value of tax that should have reached it earlier — effectively, the cost of using tax money you owed as if it were an interest-free loan to yourself.
Whom: Both — any individual or business with a tax liability, though 234B/234C mainly bite taxpayers with income beyond salary (freelancers, business owners, those with capital gains) since salaried employees usually have most tax deducted at source already.
Whose: Income Tax Department (CBDT) administers these sections; the interest is computed automatically, you don't need to calculate it yourself when filing.
Background: A common point of confusion: these three sections often get lumped together as "234 interest," but each is triggered by a different failure — filing late (234A), underpaying advance tax overall (234B), or underpaying a specific quarterly instalment (234C) — and a single return can attract all three at once if multiple failures occurred.
Where: Read on the Income Tax Dept site →

What: A penalty for a gap between the income you reported and the income the tax department later assesses. It has two tiers: plain "under-reporting" (e.g., an honest computation error or a missed disclosure) draws a 50% penalty on the tax on the under-reported amount, while "misreporting" — a narrower list of more serious situations like misrepresentation of facts, suppression of facts, false entries in books, or claiming false deductions — draws a much steeper 200% penalty.
When: Applies from Assessment Year 2017-18 onward, replacing the older, more litigation-prone Sec 271(1)(c) concealment penalty for years before that.
Why: The two-tier structure was designed to reduce disputes by making the penalty more objective and predictable than the old law, and to punish deliberate misreporting far more heavily than genuine, bona fide errors.
Whom: Both — any taxpayer whose assessment reveals income higher than what they originally returned, beyond the thresholds specified in the section.
Whose: The Assessing Officer levies this during scrutiny/assessment proceedings; the order is appealable if you believe the addition or the penalty itself is wrong.
Background: Sec 270A(6) provides specific immunity in certain bona fide situations (for example, an addition based purely on a difference of opinion on an estimate, with full disclosure made) — so not every addition during assessment automatically triggers this penalty; whether your specific situation qualifies is worth checking with a professional rather than assuming the worst.
Where: Read on the Income Tax Dept site →

What: Two separate charges that often get confused: Sec 234E is a mandatory ₹200-per-day late fee for filing your TDS/TCS return (like Form 24Q or 26Q) after the due date, capped at the TDS/TCS amount itself. Sec 271H is a separate, discretionary penalty of ₹10,000 to ₹1,00,000 that the Assessing Officer can additionally levy if the statement is filed late (beyond one year) or contains incorrect details like a wrong PAN or wrong challan/tax amount.
When: Standing provisions, apply every quarter that a TDS/TCS return is due — not tied to a specific notification date.
Why: TDS/TCS statements feed directly into the deductee's Form 26AS/AIS, which is what lets them claim credit for tax already deducted — a late or wrong statement can delay or block someone else's refund, so the law leans hard on the deductor to get it right and on time.
Whom: Deductors/collectors — typically employers and businesses making payments that require TDS/TCS deduction, not individual taxpayers filing their own return.
Whose: Professional — businesses and their compliance/accounts teams, since this is a deductor-side obligation.
Background: Sec 271H(3) gives a specific way out of the discretionary penalty: if the tax deducted, along with interest, and the Sec 234E late fee are all paid, and the statement is filed within one year of the due date, the Sec 271H penalty itself is not levied — so the ₹200/day fee is close to unavoidable once you're late, but the much larger penalty on top of it usually is avoidable if you catch up within a year.
Where: Read on the Income Tax Dept site →

What: A per-day late fee for filing GST returns (GSTR-3B, GSTR-1, or the annual return GSTR-9) after the due date. For a regular return it's ₹50/day, split as ₹25 CGST + ₹25 SGST; for a NIL return (nothing to report) it drops to ₹20/day, split ₹10+₹10. The fee is capped based on your annual turnover: ₹2,000 if turnover is up to ₹1.5 crore, ₹5,000 for ₹1.5–5 crore, and ₹10,000 above ₹5 crore (NIL returns are capped at ₹500 regardless of turnover). GSTR-9 annual returns have their own separate, turnover-tiered cap structure.
When: Standing provision under Sec 47 of the CGST Act, applies every return period — not a one-time notification.
Why: GST is a chain-dependent, self-assessment system — your buyer's ability to claim input tax credit depends on your return being filed, so a delay from one taxpayer can ripple downstream. The late fee is designed to keep filing timely across the chain.
Whom: Both — any GST-registered person who files late, whether an individual small trader or a large business, though the rupee impact is small enough that it mainly matters to smaller taxpayers; larger businesses are more affected by the downstream ITC-blocking consequences than the fee itself.
Whose: CBIC/GSTN administers this; the fee is auto-calculated and shown on the GST portal at the time of filing — you can't file the return without clearing it.
Background: This late fee is separate from interest on any unpaid tax (see the "Interest on GST" tool on this site) — you can owe both at once: the late fee for filing the return late, and interest for paying the tax itself late. The late fee must be paid in cash and cannot be offset using input tax credit.
Where: Read on the GST portal →

What: The two provisions used to demand unpaid, short-paid, or wrongly-refunded GST, or wrongly-availed input tax credit — differentiated by intent. Sec 73 applies where there's no fraud or wilful misstatement (an honest error): penalty is 10% of the tax or ₹10,000, whichever is higher, and can drop to nil if you pay up before a show-cause notice is even issued. Sec 74 applies where fraud, wilful misstatement or suppression of facts is involved: penalty can go up to 100% of the tax, though it's reduced to 15% if paid before the notice, and 25% if paid within 30 days of the notice.
When: Important recent change: Sections 73 and 74 now only govern tax periods up to FY 2023-24. For FY 2024-25 onward, a new consolidated Sec 74A (inserted by the Finance (No. 2) Act, 2024) applies instead, merging fraud and non-fraud cases into one provision with a uniform 42-month notice period and similar (10%/equal-to-tax) penalty tiers.
Why: The fraud/no-fraud distinction exists to penalise deliberate evasion far more heavily than genuine mistakes, while still giving taxpayers a strong incentive to pay up voluntarily and early to minimise the penalty either way.
Whom: Professional — mainly relevant to businesses under GST audit, scrutiny, or departmental investigation, since these sections are invoked by tax officers, not something a taxpayer applies proactively.
Whose: The proper officer (GST department) issues the show-cause notice and adjudicates; the taxpayer has the right to respond and, if unsatisfied with the order, appeal.
Background: Whether a case gets classified under the fraud or no-fraud provision has huge financial consequences (10% vs up to 100% penalty), so this classification is often itself the subject of dispute — if you receive a notice under Sec 74, it's worth having a professional review whether the fraud allegation is actually well-founded before responding.
Where: Read on the GST portal →

What: An additional fee for filing mandatory annual company forms — most commonly AOC-4 (financial statements) and MGT-7/MGT-7A (annual return) — after their due date. It's charged at a flat ₹100 per day, per form, with no upper cap, meaning it keeps accumulating for as long as the form remains unfiled — a single form left unfiled for a year adds up to ₹36,500 on its own.
When: Standing provision under the Companies Act, applies to every financial year's filings — not tied to a specific notification.
Why: The no-cap, per-day structure is deliberately designed to make delay expensive in a way that scales with how long a company stays non-compliant, since annual filings are how MCA and the public (via the MCA portal) track whether a company is actively complying with basic governance requirements.
Whom: Companies and LLPs that miss their annual return or financial statement filing deadlines — this applies regardless of company size, including small/dormant companies that still have a filing obligation even with no business activity.
Whose: Professional — company directors and company secretaries/compliance teams are responsible for timely filing; MCA's portal calculates and collects the additional fee automatically at the time of filing.
Background: Because the fee has no ceiling, companies that have been non-compliant for a long time sometimes find the accumulated fee makes catching up look prohibitively expensive — this is exactly the situation government amnesty schemes (like CCFS-2026, covered elsewhere in this bulletin) are designed to give a cheaper, time-limited way out of.
Where: Read on the MCA site →

What: Every person holding a Director Identification Number (DIN) must file an annual KYC form (DIR-3 KYC, or the simpler DIR-3 KYC-Web if nothing has changed since last year) confirming their contact and identity details are current. Missing the due date results in the DIN being marked "Deactivated due to non-filing of DIR-3 KYC" on the MCA portal, and reactivating it requires filing the form plus paying a flat ₹5,000 penalty.
When: Annual obligation under Sec 153/Rule 12A read with Sec 137/92 references on filings — the due date typically falls each year on 30 September for the preceding financial year, though MCA sometimes extends it.
Why: Keeps MCA's director database accurate and current, which matters both for regulatory oversight and because a deactivated DIN blocks a director from being validly appointed or continuing to sign filings for any company until it's reactivated.
Whom: All individuals holding a DIN — including directors who are not currently active on any company's board, since the KYC obligation attaches to the DIN itself, not to a specific directorship.
Whose: Professional — directors are personally responsible for their own KYC filing (unlike most company compliances, this isn't delegated to a compliance team on the director's behalf, though company secretaries often assist).
Background: A deactivated DIN doesn't just block that one person — it can hold up filings for every company they're a director of, since those filings typically require the director's DIN to be active and their digital signature to be valid, so this is worth treating as a priority rather than a low-stakes annual chore.
Where: Read on the MCA site →

⚠️

Disclaimer: These calculators are provided for general informational and estimation purposes only. Income-tax related calculations reflect provisions carried forward from the Income-tax Act, 1961 into the Income-tax Act, 2025 (effective 1 April 2026, Tax Year 2026-27 onward) — rates, thresholds and exemption limits are unchanged, but section numbers have been renumbered across the two Acts, and individual "Legal Basis" notes on each tool flag this transition. GST-related calculations are based on the CGST/SGST/IGST Acts, 2017 (unaffected by the income-tax transition). Provident fund and gratuity calculations are based on the Employees' Provident Funds & Miscellaneous Provisions Act, 1952 and the Payment of Gratuity Act, 1972 respectively. All figures reflect our understanding of the law, rules, notifications and circulars as of the date shown against each result and are subject to change through future government notifications. These tools are not a substitute for professional tax, legal or financial advice and must not be relied upon for statutory filings, invoicing, or compliance decisions. Please cross-verify all figures against the official source linked with each calculator, or consult a qualified professional, before acting on them. CA Surbhi Srivastava accepts no liability for any loss, penalty or discrepancy arising from reliance on this tool.

Making banking, tax & compliance make sense.

Surbhi Srivastava, FCA

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