Binarysoft is Authorised Tally Sales & Implementation Partner in India
+91 742 877 9101 or E-mail: tally@binarysoft.com 10:00 am – 6: 00 pm , Mon-Fri
Binarysoft is Authorised Tally Sales & Implementation Partner in India
+91 742 877 9101 or E-mail: tally@binarysoft.com 10:00 am – 6: 00 pm , Mon-Fri
By CA. Ankit Vardiya | 04-08-2026 12:20:00
RBI regularly reviews the services covered under its Citizen’s Charter and the number of services under the Charter stands at 213 as on July 31, 2026. Read More
By CA. Praneet Bansaal | 03-08-2026 14:00:00
The Income Tax Return (ITR) filing season for Assessment Year (AY) 2026–27 has brought renewed attention to income tax refunds and outstanding tax demands. Many taxpayers believe that once their return is filed and verified, the refund will automatically reach their bank account. However, in several cases, the Income Tax Department may adjust the refund against pending tax demands from earlier assessment years before issuing any payment. Recent guidance has highlighted the importance of checki Read More
By CA. Pankaj Bhadoria | 03-08-2026 12:19:00
In today's fast-moving business environment, banking and accounting are no longer separate functions. Every payment, receipt, bank transfer, and reconciliation directly impacts financial reporting and business decisions. Traditionally, accountants had to log into multiple banking portals, download statements, manually enter transactions into accounting software, and spend hours reconciling records. This process was time-consuming, prone to errors, and delayed access to accurate financial informa Read More
By CA, Rishubh Talrejaa | 03-08-2026 11:12:00
The Reserve Bank, vide Press Release dated June 05, 2026, had issued the draft "Reserve Bank of India (Interest Rate on Deposits) Amendment Directions, 2026, seeking comments/feedback from the regulated entities and members of public/other stakeholders on or before June 20, 2026. The draft Amendment Directions proposed to provide greater flexibility to banks for pricing their Rupee bulk deposits, while ensuring uniformity in disclosure of interest rates on deposits. Read More
By CA. Darshit Malhotraa | 03-08-2026 11:05:00
![Result of the Information Systems Audit [ISA] Assessment Test held on 25th July 2026 will be declared in the late evening of 3rd August 2026.](/fileDownload/result-of-the-information-systems-audit-isa-assessment-test-held-on-25th-july-2026-will-be-declared-in-the-late-evening-of-3rd-august-2026-1785735336.png "Result of the Information Systems Audit [ISA] Assessment Test held on 25th July 2026 will be declared in the late evening of 3rd August 2026.")
The result of the Information Systems Audit [ISA] Assessment Test held on 25th July 2026 will be declared in the late evening of 3rd August 2026. Read More
By CA. Ankit Vardiya | 31-07-2026 15:17:00
After filing ITR, taxpayers may receive notices due to mismatches in income, incorrect ITR forms, pending tax demands or any scrutiny by the Income Tax Department. Understanding why these notices are issued and how to avoid them can help ensure timely compliance and prevent penalties. Read More
By CA, Rishubh Talrejaa | 31-07-2026 15:15:00
As the Income Tax Return (ITR) filing season reaches its final phase, millions of taxpayers across India are asking the same question: Is July 31, 2026, the last date to file an income tax return, or will the government announce an extension? The uncertainty has grown due to increased discussions on social media, reports of taxpayers facing technical challenges, and requests from various trade associations seeking more time. Read More
By CA, Harshit Gaurwaadi | 31-07-2026 10:36:00
The Reserve Bank, vide Press Release dated June 05, 2026, had issued the draft "Reserve Bank of India (Interest Rate on Deposits) Amendment Directions, 2026, seeking comments/feedback from the regulated entities and members of public/other stakeholders on or before June 20, 2026. The draft Amendment Directions proposed to provide greater flexibility to banks for pricing their Rupee bulk deposits, while ensuring uniformity in disclosure of interest rates on deposits. Read More
By CA. Arvindh Khetwaani | 30-07-2026 16:06:00
Experience: 3 - 8 years, Salary: 70,000-90,000 P.A., Role: Finance Manager Read More
By CA. Arinav Chakraborty | 30-07-2026 13:01:00
The question of whether certain diagnostic services attract 18% GST or qualify for exemption has become an important issue for healthcare businesses, diagnostic laboratories, and tax professionals. In a significant development, the Delhi High Court recently declined to decide the taxability of diagnostic services itself, holding that the matter should first be examined by the Authority for Advance Ruling (AAR) under the GST law. At the same time, the Court directed that the AAR should decide the Read More
By CA. Rohin Mehtaal | 30-07-2026 12:32:00
Many salaried employees look for legitimate ways to reduce their tax liability while filing their Income Tax Return (ITR). One provision that often creates confusion is Section 10(14)(i) of the Income Tax Act, which provides exemption for certain allowances received from an employer. Read More
By CA. Rudransh Suryavanshi | 30-07-2026 12:30:00
Filing your Income Tax Return (ITR) before the due date is only one part of the compliance process. Many taxpayers assume that once they have successfully filed and e-verified their return, the job is over. However, in 2026, the Income Tax Department has strengthened its data-driven verification process, using information from multiple financial databases to identify inconsistencies before issuing refunds or completing assessments. Every return is electronically compared with tax records, bank i Read More
By CA. Rohin Mehtaal | 30-07-2026 11:55:00
It’s the last week of July and like every year the income tax return filing deadline is nearing. For salaried taxpayers July 31, 2026 is the last date on which they can file their ITR within the due date. Read More
By CA. Aarav Bhandari | 30-07-2026 11:11:00
Consequent to the aforesaid Amendment Directions, in, in exercise of the powers conferred by the sections 21, 35A and 56 of the Banking Regulation Act, 1949 and all other laws enabling the Reserve Bank in this regard, the Reserve Bank being satisfied that it is necessary and expedient in the public interest so to do, hereby issues the Amendment Directions hereinafter specified. Read More
By CA. Shaurya Venkataraman | 29-07-2026 16:13:00
A bank generally does not transact in immovable assets as part of its core business operations, other than in exceptional cases where it acquires such immovable assets in satisfaction of its claims on the borrower. In order to provide clarity on the prudential treatment of such specified non-financial assets including non-banking assets (NBAs), acquired by a bank through various mechanisms, it has been decided to issue prudential norms applicable in such cases. Read More
By CA. Pankaj Bhadoria | 29-07-2026 15:38:00
Experience: 20 - 30 years, Salary: 80 Lacs-1 Cr P.A. Role: CFO Read More
By CA. Ankit Vardiya | 29-07-2026 10:50:00
As the July 31 deadline for filing Income Tax Returns (ITRs) for Financial Year 2025-26 (Assessment Year 2026-27) draws closer, millions of taxpayers are asking the same question: Will the Income Tax Department extend the due date once again? The uncertainty has grown because many taxpayers are still waiting for complete tax information, Read More
By CA. Vishal Mehta | 29-07-2026 10:46:00
A recent story shared by a Chartered Accountant has sparked widespread discussion across social media because it challenges one of the biggest myths about wealth—that a high salary automatically means strong financial health. The case involved an IIT graduate earning nearly ₹1 crore annually and owning three residential properties. Read More
By CA. Vivaan Deshmukh | 29-07-2026 10:31:00
The Reserve Bank of India (RBI) has, vide order dated April 24, 2026, cancelled the banking licence issued to Paytm Payments Bank Limited (PPBL) under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’) effective from close of business on April 24, 2026. Read More
By CA. Sagar Singh | 28-07-2026 15:09:00
Redevelopment projects have become a common reality in major Indian cities, particularly in Mumbai, Delhi, Pune, Bengaluru, and Hyderabad. Thousands of homeowners have exchanged their aging apartments for newly constructed flats under redevelopment agreements. Read More
By CA. Rohin Mehtaal | 28-07-2026 14:03:00
After filing your Income Tax Return (ITR), most taxpayers eagerly wait for one important update—the refund credit. However, in AY 2026-27, many taxpayers have noticed that although their returns were filed successfully, the refund has not yet reached their bank accounts. Read More
By CA. Shivesh Khandelwaal | 28-07-2026 12:57:00
Experience: 15 - 24 years, Salary: 60-70 Lacs P.A., Role: Strategic & Top Management - Other Read More
By CA. Shaurya Venkataraman | 28-07-2026 11:03:00
As the Income Tax Return (ITR) filing season gains momentum in 2026, digital platforms are introducing affordable solutions to encourage more taxpayers to file their returns on time. In one such move, Paytm has partnered with ClearTax to provide an ITR filing service starting at just ₹11. The offer has generated significant attention because it promises a simplified tax filing experience at a price that is lower than most professional filing services. Read More
By CA. Praneet Bansaal | 28-07-2026 10:45:00
It is a pleasure to join you this evening. I thank Standard Chartered Bank for the invitation extended to me and for bringing together such a wide cross-section of institutions that participate in, intermediate, and shape India’s financial markets. Read More
By CA. Vishal Mehta | 27-07-2026 16:22:39
The Mumbai ITAT deleted a ₹17.41 lakh penalty after accepting a CA firm's affidavit that an incorrect revised ITR was filed due to a clerical error. The Tribunal held that, in the absence of evidence of deliberate misreporting, penalty under Section 270A could not be sustained. Read More
By CA. Vivaan Deshmukh | 27-07-2026 15:28:00
Experience: 20 - 30 years, Salary: 80 Lacs-1 Cr P.A., Role: Banking Operations - Other Read More
By CA. Mayankh Singhaal | 27-07-2026 15:11:00
Pursuant thereto, a committee was constituted by the Central Government to undertake a comprehensive review of the extant regulatory framework. Based on the recommendations of the Committee, and in consultation with the Central Government and other stakeholders, the Reserve Bank of India has prepared a draft of the rationalized Rules. Read More
By CA. Priya Tanvi | 27-07-2026 13:28:00
With the Income Tax Return (ITR) filing deadline approaching, millions of taxpayers are expected to access the Income Tax e-Filing portal simultaneously. In previous years, many users experienced slow loading, login failures, delayed OTPs, and occasional system outages during the last few days before the deadline. Learning from those experiences, the Central Board of Direct Taxes (CBDT) has significantly strengthened the e-Filing infrastructure ahead of the 2026 peak filing season. The governmen Read More
By CA. Rohin Mehtaal | 27-07-2026 12:45:00
The 2026 income tax filing season has witnessed several important changes, from a more stable e-filing portal to the implementation of the new Income-tax Act, 2025. Amid the rush of taxpayers filing their Income Tax Returns (ITRs), Finance Minister Nirmala Sitharaman has delivered a strong message to Income Tax Department officials: honest taxpayers who make genuine mistakes should be given an opportunity to correct them instead of being treated like deliberate tax evaders. The government's late Read More
By CA. Arvindh Khetwaani | 27-07-2026 12:25:00
For many Non-Resident Indians (NRIs), Foreign Currency Non-Resident (FCNR) deposits are among the most preferred investment options because they combine foreign currency protection with attractive interest rates and tax benefits. However, one important question often arises when an NRI decides to relocate permanently to India: Will the interest on an FCNR deposit continue to remain tax-free after returning to India? Read More
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