MCA Proposes Major Overhaul of Companies (Incorporation) Rules 2014 — 15 Key Changes You Must Know

CS Deepa Nair CS · 4d

Company Law

MCA has proposed a comprehensive overhaul of the Companies (Incorporation) Rules, 2014 via a draft notification dated 8th April 2026. Key changes include consolidation of forms into E-CHNG and E-CON, simplified OPC conversion, expanded DIN cap to 5 directors, optional EPFO/ESIC via AGILE-PRO-S

1

Copy link WhatsApp LinkedIn X (Twitter)

1

14

Attachment

Rule 14A GST Restriction: Legal Framework, Practical Triggers, and How to Remove GSTR-1 Blockage

CA Vikram Mehta CA · 1d

GST

Rule 14A of CGST Rules can block GSTR-1 filing for non-compliant or risky GSTINs. Learn the legal basis, system-driven triggers, and step-by-step process to remove the restriction using Form GST REG-32.

Copy link WhatsApp LinkedIn X (Twitter)

3

20

1

GSTAT Implementation: Relief for Backlog Appeals and Proposed Cut-off Timeline

Nikee Sheth · Apr 5

GST

GSTAT rollout may allow backlog appeals till 30 June 2026. Review pending cases and prepare to file within timelines.

Copy link WhatsApp LinkedIn X (Twitter)

1

ITC Can Only Be Claimed If It Appears in GSTR-2B

CA Priya Sharma CA · Feb 18

GST

GST ITC can be claimed only if the invoice appears in GSTR-2B. Since 1 January 2022, no provisional ITC is allowed under Rule 36(4).

Copy link WhatsApp LinkedIn X (Twitter)

1

GST Reverse Charge: When the Buyer Pays GST Instead of the Seller

CMA Meera Iyer CMA · Jan 28

GST

Under GST reverse charge, the recipient pays GST instead of the supplier for notified goods and services. Learn when RCM applies.

Copy link WhatsApp LinkedIn X (Twitter)

1

CBDT Circular 4/2026: New DIN Guidelines for Income Tax Communications — What Changes from April 2026

CA Vikram Mehta CA · Apr 1

Income Tax

CBDT Circular 4/2026 dated 31.03.2026 revises DIN guidelines for income tax communications. Section 292BA inserted by Finance Act 2026 cures DIN defects retrospectively from 01.10.2019. Key changes: flexible DIN placement, 5 exceptions with post-facto approval, 15-day upload mandate.

Copy link WhatsApp LinkedIn X (Twitter)

3

GSTAT Implementation - Backlog Appeals

Jayant B K CA · Apr 4

GST

GSTAT implementation offers relief by allowing backlog GST appeals to be filed till 30th June 2026. Act now to avoid missing this opportunity.

Copy link WhatsApp LinkedIn X (Twitter)

1

GSTN Clarification on Appeals in NIL Demand Cases

Jayant B K CA · Apr 4

GST

GSTN clarifies that NIL demand orders due to voluntary payment do not restrict appeal rights under GST law.

Copy link WhatsApp LinkedIn X (Twitter)

"Taxpayer is Not Your Adversary": FM Sets New Tone for Income Tax Administration from April 2026

Sanjay Patel Tax Consultant · 1d

Income Tax

FM Nirmala Sitharaman urged Income Tax officers to treat taxpayers as partners, not adversaries, under the new law effective 1 April 2026. She emphasized empathy, fairness, and a fresh mindset to build a trust-based, taxpayer-friendly administration.

Copy link WhatsApp LinkedIn X (Twitter)

2

8

Income Tax Notice in 2026? How to Respond Step by Step

Adv. Anil Kumar Advocate · Mar 18

Income Tax

How to respond to an income tax notice — 143(1) notice response, 142(1), 143(2), 148 reply guide.

Copy link WhatsApp LinkedIn X (Twitter)

Section 10(10D): When Is Life Insurance Maturity Taxable?

CA Deepak Jain CA · Mar 25

Income Tax

Life insurance maturity proceeds are tax-free under Section 10(10D) only if the premium does not exceed specified limits. Know the rules.

Copy link WhatsApp LinkedIn X (Twitter)

Income Tax Department Turns the Heat on Restaurants: Inside the Nationwide Turnover Validation Drive

Sanjay Patel Tax Consultant · Apr 6

Income Tax

Per CBDT's 9 March 2026 release, the IT Department analysed 1.77 lakh restaurants, surveyed 62 across 46 cities on 8 March 2026, and is sending SAKSHAM NUDGE advisories to 63,000 restaurants asking them to file Section 139(8A) updated returns before 31 March 2026.

Copy link WhatsApp LinkedIn X (Twitter)

2

Can a Chartered Accountant Appear on Behalf of a Taxpayer During GST Summons Proceedings?

Adv. Rakesh Gupta Advocate · 3d

GST

Section 70(1A) of the CGST Act allows appearance by an authorised representative, but the discretion lies with the officer. A detailed look at when a CA can appear in GST summons, when personal attendance is unavoidable, the CA vs advocate privilege distinction, and practical guidance.

Copy link WhatsApp LinkedIn X (Twitter)

9

Children's Education Allowance Jumps 30x: What the New Income-tax Rules, 2026 Actually Change for Salaried Parents

CA Karan Malhotra CA · Mar 24

Income Tax

The Children's Education Allowance exemption, frozen at Rs 100/month per child for two decades, is raised to Rs 3,000/month (max two children) under the Income-tax Rules, 2026 from 1 April 2026. A 30x jump lifting the annual cap from Rs 2,400 to Rs 72,000 for a two-child household.

Copy link WhatsApp LinkedIn X (Twitter)

1

New ITR Forms for AY 2026-27: What Actually Changed, Form by Form

CA Priya Sharma CA · Apr 2

Income Tax

CBDT notified ITR-1 to ITR-7 for AY 2026-27 by Gazette dated 30 March 2026. ITR-1 (Sahaj) now allows two house properties and a rent-not-realisable line under Section 25A. ITR-2/3 retain the 23 July 2024 capital gains split; regime opt-in disclosure under 115BAC(6) is clearer.

Copy link WhatsApp LinkedIn X (Twitter)

3