Gyan Consultancy

*Extension of timeline for implementation of mandatory “Ship To GSTIN” and Voluntary Closure of E-Way Bill functionalities*

Looking for a Accountant for a Candidate having minimum 2 years experience in Champions Steel Group located at Girgaon, Mumbai. Salary depends on Candidate. Mon - Sat Working. If interested, Share your CV at srinivasp@aparalloys.com

Tds new section code for payment FY 2627 onwards

HRA CLAIMS UNDER STRICT SCANNER FROM 1 APRIL 2026 Big update for salaried employees claiming HRA👇 📌 What’s Changing? 👉 Form 124 replaces Form 12BB 👉 Mandatory disclosure of landlord relationship 👉 More details required for TDS computation ⚠️ Key Focus Area: 🏠 Rent paid to relatives (parents, spouse, siblings) 👉 Will now face higher scrutiny 📊 What you must ensure: ✔️ Rent paid through banking channels ✔️ Proper rent agreement & receipts ✔️ Landlord declares rental income in ITR ✅ Good News: 👉 Genuine HRA claims remain valid 👉 No change in benefit calculation 💡 Important Note: HRA exemption available only under 👉 Old Tax Regime 👉_Forward to salaried employees — this impacts many!_

Life Insurance Corporation of India has officially approved a 1:1 bonus share issue

Income tax returns deadline for AY2026-27

India's gross GST collections hit a record high of ₹2 lakh crore in March 2026, marking an 8.8% year-on-year growth driven by strong domestic transactions and imports. Total FY26 collections grew 8.3% to over ₹22.27 lakh crore. Net collections after refunds in March reached ₹1.78 lakh crore, highlighting sustained economic activity. 

Income Tax Forms -- Old vs New

*आपको और आपके परिवार को भारतीय नववर्ष के लिए बहुत बहुत हार्दिक शुभकामनाएं।🙏🙏🙏🙏🙏*

Vacancy for CA Articleship SNH & ASSOCIATES is a firm of five dynamic, dedicated, experienced, and multi-talented Chartered Accountants offering well-balanced and unparalleled business and industrial advisory services. With a modern outlook and traditional practices, we provide a spectrum of specialized professional services under one roof. ▪︎Role Description This is a full-time, on-site Articled Assistant role located in Mumbai. The Articled Assistant will be responsible for assisting Chartered Accountants in day-to-day tasks related to auditing, taxation,litigation, RERA and financial advisory services. ▪︎Timing and Stipend -10:30 AM to 6.30PM - Saturday and Sunday off - Stipend will Be 6000 and 8000 in year 1 and year 2. ▪︎Location 601, Mahavir Spaces, TPS Road No III, Opp Veer Savarkar Garden Gate No 3, Borivali West, Mumbai 400092. Email: bhavesh@snhca.in Mo.N. : +91 9820264111

SEBI has introduced a special one-year window from February 5, 2026, to February 4, 2027, allowing investors to transfer and dematerialize physical shares purchased or sold prior to April 1, 2019. This window acts as a "second chance" for old, rejected, or pending transfer requests to be processed and credited directly into demat accounts.

Draft #IncomeTax Rules, 2026 notified, containing 333 rules! A clear, rule-wise comparison with the Old Income Tax Rules, 1962 to help you understand the new tax framework at a glance!

MCA Update Relaxation of additional fees and extension of time for filing of Financial Statements and Annual Returns under the Companies Act, 2013 vide circular dated 30.12.2025, MCA extended due date of filing of all types of AOC-4, MGT-7/7A without additional fees upto 31.01.2026.

MCA Revised Small Company definition : New limits w.e.f. 1st Dec, 2025: Paid-up capital ≤ ₹10 Cr Turnover ≤ ₹100 Cr

*Important Changes in India’s Four Labour Codes (Effective Nov 21, 2025)* 1. *Code on Wages, 2019 – Wage Security & Timely Payments* *Key Highlights* * *National Floor Wage:* Central minimum wage applicable to all workers, including unorganized sector. * *Timely Wage Payment:* Must be paid within 7–15 days; penalties for delay; digital payments allowed. * *Bonus Eligibility*: Reduced to 30 days of service. * *Equal Pay*: Gender-neutral provisions extended to transgender workers. 2. *Industrial Relations Code, 2020* – Flexible Hiring & Faster Disputes *Key Highlights* * *Fixed-Term Employment Parity:* FTEs receive benefits similar to permanent staff; gratuity after 1 year. * *Layoff Threshold Raised:* Approval needed only for firms with 300+ workers. * *Union & Strike Rules Simplified:* Single registration; 60-day strike notice in public utilities. * Appointment Letters Mandatory for all categories of workers. 3. *Code on Social Security, 2020* – Wider Social Protection *Key Highlights* * *Gig/Platform Worker Inclusion*: Insurance & pension via aggregator contribution (1–2% turnover). * *Maternity & Gratuity Benefits*: 26 weeks leave; gratuity for FTEs after one year. * *ESI Expansion:* Coverage extended to small/hazardous units; health check-ups for 40+ workers. 4. *OSH Code, 2020* – Safer & Inclusive Workplaces *Key Highlights* * Women in Night Shifts Allowed with safety and transport arrangements. * *Overtime Rules Updated:* Double wages; compulsory weekly off; creche facilities. * *Factory Threshold Updated:* Now 20 workers (with power). *Support for Migrant & Contract Workers:* Travel/food support; employer responsibility for safety. *Cross-Cutting Reforms* * Single Compliance Window for registration, licensing, and returns. * Digital Integration through Aadhaar-enabled portability. * Wider Applicability including MSMEs, digital media, plantations; limits on contract labour for core tasks.

Vacancy for CA Articleship SNH & ASSOCIATES is a firm of five dynamic, dedicated, experienced, and multi-talented Chartered Accountants offering well-balanced and unparalleled business and industrial advisory services. With a modern outlook and traditional practices, we provide a spectrum of specialized professional services under one roof. ▪︎Role Description This is a full-time, on-site Articled Assistant role located in Mumbai. The Articled Assistant will be responsible for assisting Chartered Accountants in day-to-day tasks related to auditing, taxation,litigation, RERA and financial advisory services. ▪︎Timing and Stipend -10:30 AM to 6.30PM - Saturday and Sunday off - Stipend will Be 6000 and 8000 in year 1 and year 2. ▪︎Location 601, Mahavir Spaces, TPS Road No III, Opp Veer Savarkar Garden Gate No 3, Borivali West, Mumbai 400092. Email: bhavesh@snhca.in Mo.N. : +91 9820264111

*Income Tax Extension* The Central Board of Direct Taxes (CBDT) has extended the due dates for filing Income Tax Returns (ITR) and audit reports for the Assessment Year 2025–26. * For assessees requiring audit: The ITR filing due date has been extended from 31st October 2025 to 10th December 2025. * For furnishing audit reports: The specified date for submitting audit reports, earlier extended from 30th September 2025 to 31st October 2025, has now been further extended to 10th November 2025.

*Extention of GSTR-3B* The due date for filing GSTR-3B has been extended to 25th October 2025 as reflected on the GST portal.Official notification regarding this extension has been issued.*