The ICAI has reiterated that UDIN (Unique Document Identification Number) is mandatory for all audit reports including Form 3CA/3CB and Form 3CD. Ensure timely UDIN generation to avoid report invalidation.

Starting this FY, any payment due to MSMEs not made within 45 days (or 15 if no agreement) will not be allowed as an expense under Income Tax. This is part of the ongoing push to support small businesses.

📌 Pro Tip: Classify your vendors properly and revise your payment cycles. Let us assist in your vendor due diligence.

As per the latest MCA guidelines, companies must maintain audit trails of all transactions starting FY 2025-26. This move aims to boost transparency and reduce fraudulent practices in financial reporting.

🛠️ Action Required: Ensure your accounting software supports audit trail compliance. We can help you integrate and train your team on this requirement.

The Income Tax Department has launched a revamped e-Filing Portal with enhanced UI/UX, faster processing, and AI-based support. Taxpayers are encouraged to file early to avoid last-minute server issues.

✅ Deadline Alert: The last date to file ITR for individuals (non-audit cases) is 31st July 2025.

Great news for taxpayers! The government has extended the GST Amnesty Scheme deadline. Businesses with pending returns or late fees can now avail relief by filing before 30th September 2025. This is a golden opportunity to regularize your GST compliance without facing hefty penalties.

🔸 Our Recommendation: Contact us today to assess your pending liabilities and file your returns under the scheme.