Reserve Bank of India (All India Financial Institutions (AIFIs) – Prudential Norms on Capital Adequacy) Fifth Amendment Directions, 2026

By CA. Reyansh Kulkarni   |   19-10-2026 14:20:00

Accordingly, in exercise of the powers conferred by Section 45L of the Reserve Bank of India Act, 1934, and all other provisions / laws enabling the Reserve Bank of India (RBI) in this regard, RBI being satisfied that it is necessary and expedient in the public interest so to do, hereby, issues the Amendment Directions hereinafter specified. Read More

RBI approves amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. with RBL Bank Limited

By CA. Vedant Jhaveri   |   19-10-2026 13:40:00

The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. (Transferor Bank) with RBL Bank Limited (Transferee Bank). The Scheme has been sanctioned in exercise of the powers contained in sub-section (4) of Section 44A of the Banking Regulation Act, 1949. Read More

Master Circular - Credit Facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)

By CA. Lakshit Chordia   |   16-10-2026 11:50:00

The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to banks on credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs). The enclosed Master Circular consolidates the circulars issued by Reserve Bank on the subject till date, as listed in the Appendix. Read More

Five Major States to Get Permanent Representation in New GST Standing Committee: A Significant Step Towards Stronger Tax Administration

By CA. Tanishq Saraf   |   15-10-2026 14:00:00

India's Goods and Services Tax administration is preparing for an important structural change in October 2026, with five major states reportedly receiving permanent representation in a proposed new GST Standing Committee. Maharashtra, Karnataka, Uttar Pradesh, Gujarat and Tamil Nadu have been identified as the states that would hold continuing positions in the 12-member body. The development comes as the government shifts its attention from GST rate rationalisation towards expanding the taxpayer Read More

Supreme Court Clarifies IBC Appeal Limitation Rules: 60-Day Deadline Cannot Be Extended by Delayed Receipt of Certified Order

By CA, Rishubh Talrejaa   |   15-10-2026 12:00:00

In a significant judgment delivered on October 14, 2026, the Supreme Court of India reinforced the importance of statutory deadlines in insolvency proceedings. The ruling makes it clear that parties challenging orders of the National Company Law Appellate Tribunal (NCLAT) cannot automatically extend their appeal period simply by obtaining a certified copy of the judgment at a later date. Read More

Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement

By CA. Aviraj Kothari   |   15-10-2026 11:40:00

The scheduled banks are allowed to maintain minimum Cash Reserve Ratio (CRR) of not less than 90 percent of the required CRR on all days during the reporting fortnight, in such a manner that the average of CRR maintained daily shall not be less than the CRR prescribed by the Reserve Bank. Read More

Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief

By CA. Pankaj Bhadoria   |   13-10-2026 12:30:00

The Central Board of Direct Taxes (CBDT) has introduced an important change to India's income tax compliance framework by revising Form 161, offering eligible taxpayers a clearer route to seek relief from penalties arising from under-reporting and misreporting of income. Notified on October 8, 2026, the amendment comes at a time when businesses, professionals and individual taxpayers face increasing scrutiny of financial disclosures, tax returns and accounting records. Read More

RBI announces special window for Public Sector Oil Marketing Companies to meet dollar requirements

By CA. Ishaan Bagaria   |   13-10-2026 11:30:00

On the basis of assessment of current market conditions, Reserve Bank of India has decided to open a special window to meet the entire daily dollar requirements of three public sector oil marketing companies (OMCs), viz. Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited. Under the facility, the Reserve Bank will undertake sale of USD to the public sector OMCs through designated bank/s. Read More

EMPANELMENT OF MEMBERS TO ACT AS OBSERVERS AT THE EXAMINATION CENTRES FOR THE CHARTERED ACCOUNTANTS’ EXAMINATIONS, JANUARY 2027.

By CA. Praneet Bansaal   |   13-10-2026 10:40:00

It is proposed to empanel members to act as Observers for the forthcoming Chartered Accountants Examinations JANUARY 2027 (including Advanced ICITSS Test) scheduled to be held as under: Read More

RBI issues Amendment Directions on 'Standardised Approach for Counterparty Credit Risk (SA-CCR)’

By CA. Dhruv Bhandekar   |   09-10-2026 11:30:00

The Reserve Bank of India had issued draft Amendment Directions on the ‘Standardised Approach for Counterparty Credit Risk (SA-CCR)’ on June 10, 2026, inviting feedback from stakeholders until July 1, 2026. Read More

ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know

By CA. Samarth Toshniwal   |   07-10-2026 15:33:00

Taxpayers and businesses covered by audit requirements have received important relief for Assessment Year (AY) 2026-27. The Central Board of Direct Taxes (CBDT) has extended key compliance deadlines, giving eligible taxpayers, companies, firms and professionals additional time to complete their tax audit and file their Income Tax Return (ITR). Read More

Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee October 5 to 7, 2026

By CA. Samarth Toshniwal   |   07-10-2026 10:50:00

The Monetary Policy Committee (MPC) held its 63rd meeting from October 5 to 7, 2026, under the chairmanship of Shri Sanjay Malhotra, Governor, Reserve Bank of India. The MPC members Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Poonam Gupta and Shri Indranil Bhattacharyya attended the meeting. Read More

Preserving Financial Stability in an Evolving World - Special Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India, at the Fifth Kautilya Economic Conclave on October 3, 2026

By CA. Vedant Jhaveri   |   06-10-2026 13:30:00

I would like to speak on financial stability, the institutional mechanism, approach and tools for financial stability in our country, the emerging global risks, and our assessment of the financial system. Read More

Opening of Nominations for the 20th ICAI Awards.

By CA. Nivaan Agrawal   |   06-10-2026 10:30:00

Since its inception in 2007, the ICAI Awards have recognised and honoured members who have demonstrated professional excellence, innovation, and leadership across diverse sectors of business, industry and public service. Continuing this proud legacy, The Institute of Chartered Accountants of India (ICAI), through its Members in Industry & Business Committee, is pleased to announce the opening of nominations for the 20th ICAI Awards. Read More

Tax Refund Interest Cannot Be Denied Merely Because of an Incorrect ITR: What Taxpayers Should Know

By CA. Aaryan Kanodia   |   05-10-2026 13:30:00

A mistake in your income-tax return may lead to scrutiny, correction or even a dispute, but does it automatically take away your right to receive interest on a legitimate tax refund? A recent ruling of the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has brought important relief for taxpayers. The tribunal has clarified that merely filing an incorrect ITR is not enough for the Income Tax Department to deny statutory interest on a refund. What matters is whether the taxpayer actually Read More

Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose

By CA, Rishubh Talrejaa   |   05-10-2026 12:30:00

Missing the original income-tax return deadline for Assessment Year 2026-27 does not necessarily close the door on filing your ITR. Taxpayers can still use the belated-return route, subject to the applicable statutory deadline and conditions. However, filing late can have consequences beyond a late-filing fee. One of the most important is the treatment of losses. Read More

Invitation for contribution to Question Bank in respect of Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) - Advanced IT test

By CA. Vishal Mehta   |   05-10-2026 11:30:00

The Institute of Chartered Accountants of India conducts Advanced Information Technology (IT) test for CA students who have qualified CA Intermediate Examination and completed 15-days Advanced Information Technology Training. The students are required to complete the Advanced IT training and test before appearing in the CA Final Examination. Read More

India’s External Debt as at the end of June 2026

By CA. Krishiv Bansode   |   01-10-2026 14:48:00

The stock of external debt at end-June 2026 as well as revised data for earlier quarters are set out in Statements I (IMF format1) and II (old format). The major developments relating to India's external debt as at end-June 2026 are presented below. Read More

1.25 Cr P.A. Chief Financial Officer II Leading Fashion Brand

By CA. Priya Tanvi   |   30-09-2026 14:00:00

Experience: 20 - 30 years, Salary: 90 Lacs-1.25 Cr P.A., Role Category: Finance Read More

CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27

By CA. Shaurya Venkataraman   |   30-09-2026 13:30:00

Taxpayers covered by specified audit requirements have received additional time to complete two major income-tax compliances for Assessment Year (AY) 2026-27. The Central Board of Direct Taxes (CBDT) has extended the deadline for furnishing the applicable tax audit report from September 30, 2026 to October 21, 2026. At the same time, the due date for filing the corresponding Income Tax Return (ITR) has been shifted from October 31, 2026 to November 21, 2026. The extension effectively provides an Read More

Income Tax Audit and ITR Filing Deadlines Extended for AY 2026-27: Check the New Dates and Who Gets the Benefit

By CA. Lakshy Vermaa   |   30-09-2026 12:55:00

Taxpayers and businesses covered by the tax-audit framework have received additional time to complete their income-tax compliance for Assessment Year (AY) 2026-27. The Central Board of Direct Taxes (CBDT) has extended both the deadline for furnishing the applicable audit report and the subsequent deadline for filing the Income Tax Return (ITR). The tax audit report, which was earlier due on September 30, 2026, can now be furnished by October 21, 2026. Read More

CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details

By CA. T.R Venkat   |   30-09-2026 11:30:00

The Central Board of Direct Taxes (CBDT) has provided additional compliance time to taxpayers whose accounts are required to be audited for Assessment Year (AY) 2026-27. Through Circular No. 07/2026 dated September 28, 2026, the tax authority has extended both the deadline for furnishing the applicable audit report and the subsequent income-tax return filing deadline for specified audit cases. Read More

CBDT Circulars Cannot Override Income Tax Act, Not Binding on Courts: Supreme Court

By CA. Praneet Bansaal   |   30-09-2026 10:50:00

In an important ruling for taxpayers, tax professionals and businesses, the Supreme Court has reaffirmed a fundamental principle of Indian tax law: administrative circulars issued by the Central Board of Direct Taxes (CBDT) cannot override the provisions enacted by Parliament under the Income Tax Act, 1961. While CBDT circulars and instructions may bind departmental authorities in the administration of tax laws, they cannot dictate how constitutional courts interpret statutory provisions. Read More

Foreign Exchange Management (Export and Import of Goods and Services) (Amendment) Regulations, 2026

By CA. Arinav Chakraborty   |   29-09-2026 12:30:00

In exercise of the powers conferred by Section 7, Section 8, sub-section (6) of Section 10 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendments to the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 Read More

Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window

By CA. T.R Venkat   |   28-09-2026 14:30:00

The FAST-DS window is open until December 31, 2026, giving taxpayers time to examine their earlier returns and address eligible omissions Read More

Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do

By CA. Praneet Bansaal   |   28-09-2026 13:30:00

As the September 30 tax audit deadline approaches, businesses and professionals should pay close attention to one issue that can easily complicate tax compliance: differences between their books of account, GST returns, Annual Information Statement (AIS), Taxpayer Information Summary (TIS), Form 26AS and Income Tax Return (ITR). Read More

RBI Bulletin – September 2026

By CA. Vivaan Deshmukh   |   28-09-2026 12:30:00

With geopolitical tensions re-escalating in West Asia, the global economy is again confronted with rising energy prices, and increased volatility across various segments of the financial markets. Notwithstanding the ongoing global turbulence, the Indian economy recorded robust growth of 7.8 per cent in Q1:2026-27. The economy also demonstrated resilience through August as evident from high frequency indicators. Read More

Advisory regarding timely completion of statutory compliances in view of the proposed Bank Strike from 28th to 30th September 2026.

By CA. Krishiv Bansode   |   28-09-2026 11:35:00

The Board of Studies (Academic) announces the commencement of ‘Live Virtual Revisionary Classes’ to handhold and support the students appearing in January 2027 Examinations, aiming to help them revise and strengthen their concepts effectively. The Live Virtual Revisionary Classes are commencing from 12th October 2026 onwards. Read More

From Digital Banking to Resilient Banking – Technology, Cyber Security and AI as Pillars of Trust - Address by Shri Rohit Jain, Deputy Governor at the SBI Banking & Economic Conclave on September 24, 2026 in Mumbai

By CA. Priya Tanvi   |   25-09-2026 16:00:00

From Digital Banking to Resilient Banking – Technology, Cyber Security and AI as Pillars of Trust - Address by Shri Rohit Jain, Deputy Governor at the SBI Banking & Economic Conclave on September 24, 2026 in Mumbai

Distinguished guests, leaders of the banking and financial community, representatives from the fintech and technology world, colleagues from the Reserve Bank, ladies, and gentlemen, it is a pleasure to be here at the SBI Banking and Economic Conclave. Read More

Tax audit deadline September 30: Common mistakes taxpayers should avoid

By CA. Arinav Chakraborty   |   25-09-2026 12:00:00

Taxpayers should reconcile Form 3CD, audited financial statements, GST, Form 26AS, AIS and tax credits with their ITR to avoid discrepancies, defective returns or notices Read More

Need Quick Support for Tally Prime?

For Tally Prime discount schemes and product inquiries, connect with our team.

+91 9205471661 | +91 7428779101

Subscribe For Product Updates

Opt-in Subscription

Tally Prime Auditor Renewal (One Year)

Applicable for CAs / Firms Using GOLD (Multi User ) Only
Renew your license now and upgrade from Tally ERP 9 to Tally Prime for Free!
Rs 6750 + 18% GST (Rs 1215)
Continue Here >>

Tally Prime Auditor Renewal (Two Years)

Applicable for CAs / Firms Using GOLD (Multi User ) Only
Renew your license now and upgrade from Tally ERP 9 to Tally Prime for Free!
Rs 12150 + 18% GST (Rs 2187)
Offer Continue Here >>

Tally Prime Gold Renewal (One Year)

Unlimited Multi-User Edition For Multiple PCs on LAN Environment
Renew your license now and upgrade from Tally ERP 9 to Tally Prime for Free!
Rs 13500 + 18% GST (Rs 2430)
Continue Here >>

Tally Prime Gold Renewal (Two Years)

Unlimited Multi-User Edition For Multiple PCs on LAN Environment
Renew your license now and upgrade from Tally ERP 9 to Tally Prime for Free!
Rs 24300 + 18% GST (Rs 4374)
Offer Continue Here >>

Tally Prime Silver Renewal  (One Year)

Single User Edition For Standalone PCs ( Not applicable for Rental License )
Renew your license now and upgrade from Tally ERP 9 to Tally Prime for Free!
Rs 4500 + 18% GST (Rs 810)
Continue Here >>

Tally Prime Silver Renewal  (Two Years)

Single User Edition For Standalone PCs ( Not applicable for Rental License )
Renew your license now and upgrade from Tally ERP 9 to Tally Prime for Free!
Rs 8100 + 18% GST (Rs 1458)
Offer Continue Here >>

Tally On Cloud

Tally On Cloud ( Per User Annual)
Now access Tally Prime anytime from anywhere – Just Deploy your Tally License and Tally Data on our Cloud Solution.
Rs 7000 + 18% GST (Rs 1260)
Continue Here >>

Tally Prime Gold

Unlimited Multi-User Edition
For EMI options, please Call: +91 742 877 9101 or E-mail: tally@binarysoft.com (10:00 am – 6: 00 pm , Mon-Fri)
Rs 67500 + 18% GST (Rs 12150)
Continue Here >>

Tally Prime Silver to Tally Prime Gold

Unlimited Multi-User Edition For Multiple PCs on LAN Environment
Renew your license now and upgrade from Tally ERP 9 to Tally Prime for Free!
Rs 45000 + 18% GST (Rs 8100)
Continue Here >>

Tally Prime Silver

Single User Edition For Standalone PCs
For EMI options, please Call: +91 742 877 9101 or E-mail: tally@binarysoft.com (10:00 am – 6: 00 pm , Mon-Fri)
Rs 22500 + 18% GST (Rs 4050)
Continue Here >>

Tally On AWS Cloud Personal (For 1 user)

(Per User/One Year)
TallyPrime latest release pre-installed
Rs 7200 + 18% GST (Rs 1296)
Continue Here >>

Tally On AWS Cloud Regular (Upto 2 users)

(Two Users/One Year)
TallyPrime latest release pre-installed
Rs 14400 + 18% GST (Rs 2592)
Continue Here >>

Tally On AWS Cloud Regular Plus (Upto 4 users)

(Four Users/One Year)
TallyPrime latest release pre-installed
Rs 21600 + 18% GST (Rs 3888)
Continue Here >>

Tally On AWS Cloud Regular Pro (Upto 8 users)

(Eight Users/One Year )
TallyPrime latest release pre-installed
Rs 43200 + 18% GST (Rs 7776)
Continue Here >>

Tally On AWS Cloud Performance (Upto 12 users)

(Twelve Users/One Year)
TallyPrime latest release pre-installed
Rs 64800 + 18% GST (Rs 11664)
Continue Here >>

Tally On AWS Cloud Performance Plus (Upto 16 users)

(Sixteen Users/One Year)
TallyPrime latest release pre-installed
Rs 86400 + 18% GST (Rs 15552)
Continue Here >>
Get For Tally Discount Scheme and Inquiries
Call us at +91 7428779101, 8368262875.

Tally Query | Discounted Tally New License | Discounted Tally Renewal