Articles

May 2026 is a critical compliance month for TDS returns, GST filings, LLP annual returns, and PF/ESI payments, where missing deadlines can lead to penalties and notices.

May 2026 Compliance Tracker: Critical Tax Deadlines for Professionals

Notifications

The government has updated the Citizenship Rules, 2009 by issuing the Citizenship (Amendment) Rules, 2026 under Section 18 of the Citizenship Act, 1955.

Holding Two Passports? New Citizenship Rules 2026 Bring Strict Compliance Requirements

ICAI clarified that a recent newspaper article misrepresented the CA profession and reaffirmed strong demand, salaries, and career prospects for Chartered Accountants.

CA Course Not Worth It? ICAI Responds With Placement Data and Salary Figures

Judgement

After a survey led to an excessive tax demand based on just two days of sales, the ITAT stepped in to strike down the "commercially impossible" estimate.

Income Tax reassessment proceedings cannot be held bad in law due to a lack of a signature on notice

News

ICAI will hold its next Convocation Ceremony on May 23, 2026, across 23 centres in India for members enrolled between December 2025 and April 2026.

ICAI Schedules Next Convocation Ceremony for May 23; Check Date, Region, and Centre Details

Chalasani Hospitals Pvt. Ltd. and its directors challenged an ROC order over a delayed PAS-3 filing which is originally due in Jan 2023 but filed in July, citing portal issues. A ₹5.4 lakh penalty was imposed.

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May 2026 Compliance Tracker: Critical Tax Deadlines for Professionals

Holding Two Passports? New Citizenship Rules 2026 Bring Strict Compliance Requirements

CA Course Not Worth It? ICAI Responds With Placement Data and Salary Figures

Income Tax reassessment proceedings cannot be held bad in law due to a lack of a signature on notice

ICAI Schedules Next Convocation Ceremony for May 23; Check Date, Region, and Centre Details

RD Hyderabad penalises company and 2 directors for late filing of form PAS-03