Regulatory Updates, Notifications & Circulars
Continuously updated official gazette notifications, department circulars, and executive clarifications published by apex regulatory bodies for FY 2026–2027.
Income-tax Act, 2025
The modernized, direct-tax codification consolidating assessment procedures, Section 115BAC default regime, digital asset taxation, and global minimum tax provisions.
Income-tax Act, 1961 (Historical / Transitional Reference)
The principal historical direct tax statute governing assessment years prior to AY 2026-27, preserved for ongoing appeals, pending scrutinies, and reassessments.
Central Goods and Services Tax Act, 2017
The unified statutory legislation levying tax on intra-state supplies of goods and services across India, including ITC restrictions, e-invoicing, and ASMT notice resolution.
Companies Act, 2013
Primary corporate statute governing incorporation, corporate governance, financial statement disclosures, statutory audits, CSR compliance, and MCA filings in India.
Code on Wages, 2019
Consolidates and subsumes four legacy labour enactments: Payment of Wages Act, Minimum Wages Act, Payment of Bonus Act, and Equal Remuneration Act.
Micro, Small and Medium Enterprises Development Act, 2006 (MSMED)
Statutory framework governing MSME classifications, prompt payment mandate under Section 15 & 16, compound interest at 3x bank rate, and Section 43B(h) disallowance linkage.
Income-tax Rules, 2026
Procedural rules governing valuation of perquisites, safe harbour margins, lower deduction certificates (Rule 28AA), and electronic faceless verification.
Central Goods and Services Tax Rules, 2017
Procedural rules governing GST registration, tax invoices, e-invoicing (Rule 48(4)), Input Tax Credit (Rule 36(4), Rule 86B), e-way bills (Rule 138), and automated scrutiny (Rule 88C/88D).
Companies (Incorporation) Rules, 2014
Procedural rules governing SPICe+ web forms, RUN name reservation, registered office verification (INC-22), active company tagging (INC-22A), and conversion of entity structures.
Customs Valuation (Determination of Value of Imported Goods) Rules, 2007
Statutory valuation rules for determining transaction value of imported cargo, related-party pricing, identical goods method, and deductive value calculation.
Central Sales Tax (Registration and Turnover) Rules, 1957
Operative rules for surviving non-GST interstate commodities (petroleum crude, high speed diesel, motor spirit, natural gas, aviation turbine fuel, and alcoholic liquor).
Digital Personal Data Protection (DPDP) Rules, 2026
Procedural rules governing notice formats, consent manager registrations, Data Protection Board operations, data breach intimations, and cross-border transfer whitelists.
Code on Wages (Central) Rules, 2020
Central rules determining formula for national floor wage calculation, 8-hour standard working day, overtime rates at 2x ordinary wages, and web-based inspection scheme.
ITR-1 (SAHAJ)
The simplest annual return for salaried employees, pensioners, and single-property homeowners under Section 139(1).
ITR-2
Comprehensive return for equity/crypto investors, multiple house properties, and foreign income.
ITR-4 (SUGAM)
Simplified return for small businesses (turnover up to ₹3 Cr) and professionals (gross receipts up to ₹75 Lakhs).
Form 10-IEA
Mandatory declaration to switch regimes for business entities under Section 115BAC(6).
SPICe+ (Form INC-32)
Integrated web form delivering 10 services: DIN, PAN, TAN, EPFO, ESIC, Professional Tax, Bank Account, and GSTIN.
DIR-3 KYC / DIR-3 KYC Web
Annual verification of personal details, mobile OTP, email OTP, and digital signature of directors.
Form AOC-4 / AOC-4 XBRL
Filing of Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, and Board Report under Section 137.
Form MGT-7 / MGT-7A
Annual return disclosing shareholding pattern, indebtedness, board meetings, and director remuneration under Section 92.
Form 2 (Companies Act 1956)
Transitional reference form for equity allotments executed prior to the enforcement of Companies Act, 2013.
Form 20B (Companies Act 1956)
Annual Return form under legacy 1956 corporate law for overdue pre-2014 statutory regularizations.
Form 1 (Income Declaration Scheme)
Statutory declaration of undisclosed assets and income for immunity from prosecution and penalty.
Form BA (Wealth Tax Return for Individuals/HUFs)
Statutory return of net wealth for urban land, motor cars, jewellery, and residential properties.
Form ST-3 (Service Tax Return)
Half-yearly service tax return filed under Section 70 of the Finance Act 1994 prior to GST implementation.
Form IEPF-5 (Application to Claim Unpaid Dividend / Shares)
Online application to the Investor Education and Protection Fund Authority under Section 125(3) of Companies Act 2013.
Form NBS-1 (NBFC Deposit Acceptance Annual Return)
Annual return on public deposits, liquid assets position, and credit rating status under RBI Master Directions.
LLP Form 24 (Application for Striking Off Name of LLP)
Application under Rule 37(1) of LLP Rules 2009 with consent of all partners, indemnity bond, and statement of accounts.
Form FC-GPR (Foreign Currency - Gross Provisional Return)
Mandatory reporting on RBI FIRMS SMF portal under Foreign Exchange Management (Non-debt Instruments) Rules 2019.
FLA Return (Foreign Liabilities and Assets Annual Return)
Annual census reporting on RBI FLAIR portal for calculating India’s international investment position.
LLP Form 3 (Information with regard to LLP Agreement)
Mandatory filing of initial or amended LLP Agreement executed on requisite state stamp paper.
LLP Form 11 (Annual Return of Limited Liability Partnership)
Annual snapshot of designated partners, contribution totals, and penalties under Section 35 of LLP Act 2008.
Form GSTR-1 / IFF
Statutory return capturing B2B invoice tables, B2C large/small, export details, credit/debit notes, and HSN summary.
Form GSTR-3B
Monthly summary tax return under Rule 61(5) reconciling outward liabilities with auto-populated GSTR-2B Input Tax Credit.
Form GSTR-9 / GSTR-9C
Annual return consolidating 12 monthly GSTR-1 and GSTR-3B filings, true-up adjustments, and reconciliation with audited accounts.
CBDT Circular No. 15/2026: Comprehensive Guidelines on Section 115BAC Opt-Out Protocols and Faceless Verification Rules
Authoritative clarification on filing Form 10-IEA for business assessees, handling carry-forward unabsorbed depreciation, and TDS withholding obligations for employers under FY 2026-27 tax slabs.
CBIC Notification No. 28/2026 – CT: Waiver of Late Fees for Form GSTR-1A and Automated Scrutiny Reconciliation Guidelines
CBIC notifies streamlined procedures for reciprocal corrections in Form GSTR-1A before GSTR-3B generation with full late-fee amnesty for timely quarterly returns.
MCA General Circular No. 04/2026: Mandatory Dematerialization of Securities for Private Companies & V3 System Enhancements
MCA issues compliance roadmap for mandatory dematerialisation of shares for all non-small private limited companies under Rule 9B of PAS Rules.
RBI Master Direction Amendment: Real-time FIRMS System Integration for FDI Inflows and Single Master Form Verification
Reserve Bank of India mandates instant API validation for Form FC-GPR and FC-TRS with authorized dealer banks to expedite foreign direct investment allotments.
The information, acts, rules, circulars, notifications, tax rates, and calculators provided in this Knowledge Bank are intended strictly for general educational and informational purposes. Laws, statutory rules, rate matrices, procedures, and statutory due dates may change through subsequent government notifications, official circulars, parliamentary amendments, or judicial rulings.
Taxpayers are strongly advised to verify the latest official gazette publication or consult a qualified Chartered Accountant / legal counsel before executing financial decisions or statutory submissions based on this data.