Your CA Guide📚📖

CCFS-2026 MCA Amnesty Scheme | 90% ROC Penalty Reduction | Complete Compliance Guide Companies Compliance Facilitation Scheme 2026 (CCFS-2026): Complete Guide to MCA Amnesty Scheme The Ministry of Corporate Affairs (MCA) has introduced the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) through General Circular 01/2026. This is a major MCA Amnesty Scheme 2026 offering a one-time opportunity for defaulting companies to regularize long-pending ROC filings at significantly reduced additional fees. Under CCFS-2026, companies can file pending forms such as MGT-7, MGT-7A, AOC-4, ADT-1, FC-3, FC-4 and specified 1956 Act forms at just 10% of normal additional fees . 📅 Scheme Period 15 April 2026 to 15 July 2026 Post 15 July 2026, Registrars of Companies (RoCs) are expected to initiate strict enforcement actions including adjudication and prosecution. 🎯 Objective of CCFS-2026 Facilitate compliance by defaulting companies Reduc...

First Ever GSTAT Order (11 February 2026): Sterling & Wilson Wins Relief in GSTR-1 vs GSTR-3B Mismatch Case Date of Order: 11 February 2026 Case: M/s Sterling & Wilson Pvt. Ltd. v. Commissioner, Odisha (APL/1/PB/2026) Bench: GST Appellate Tribunal (GSTAT), Principal Bench, Delhi The GST Appellate Tribunal (Principal Bench, Delhi) has delivered its first landmark order , and it has immediately become one of the most important rulings in GST litigation. The decision provides major clarity on: GSTR-1 vs GSTR-3B mismatch disputes Section 74 vs Section 73 of CGST Act Scope of Section 75(2) Powers of Appellate Authorities Automated mismatch-based GST demands Quick Summary (For Fast Readers) Mere GSTR-1 vs GSTR-3B mismatch is not proof of tax evasion . If fraud/suppression is not established, Section 74 cannot survive. Under Section 75(2), notice is deemed to be under Section 73. Appellate Authority cannot itself re-qua...

Political Donation Deduction Allowed Without Assessee-Specific Evidence | ITAT Raipur Section 80GGC Political Donation Deduction under Section 80GGC Allowed in Absence of Assessee-Specific Evidence – ITAT Raipur Judgment Explained Political donations made by individuals have traditionally enjoyed tax benefits under Section 80GGC of the Income Tax Act, 1961 . However, in recent years, such donations—especially those made to Registered Unrecognized Political Parties (RUPPs) —have come under intense scrutiny by the Income Tax Department. In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Raipur Bench , in the case of ACIT, Circle-1(1), Bilaspur vs. Shri Anuj Prakash Gupta (AY 2019-20) , held that deduction under Section 80GGC cannot be denied merely on general investigation findings in the absence of assessee-specific evidence . Legal Background – Section 80GGC Section 80GGC allows individuals to claim deduction for donations made to political parties or ele...

Union Budget 2026 – Direct Tax Changes Explained | Your CA Guide Union Budget 2026 – Direct Tax Changes Explained What Taxpayers, Businesses & CFOs Should Actually Do Now Author: CA Manthan Gandhi | Your CA Guide Union Budget 2026 reinforces the Government’s long-term focus on tax certainty, simplified compliance, and reduced litigation . Instead of altering income tax slabs, the Budget introduces structural reforms impacting capital transactions, MAT, international taxation, penalties, and dispute resolution. A landmark proposal is the introduction of the New Income Tax Act, 2026 , expected to be implemented from 1 April 2026 , with the objective of simplifying tax law, reducing interpretational disputes, and improving administration. 1. Personal Taxation Reforms No Change in Income Tax Slabs Income tax slab rates remain unchanged, ensuring stability and predictability in personal tax planning. Sovereign Go...