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The due date for filing Income Tax Returns (ITR) for eligible individual taxpayers for FY 2025-26 (AY 2026-27) is 31 July 2026. Taxpayers are advised to avoid the last-minute rush and file their returns well before the deadline to prevent penalties, interest, and technical issues on the income tax portal. Ensure that all required documents, including Form 16, AIS, TIS, and bank details, are verified before filing.

The Ministry of Corporate Affairs (MCA) has extended the Companies Compliance Facilitation Scheme (CCFS-2026) until 31 August 2026. The scheme allows eligible companies to complete pending ROC filings by paying significantly reduced additional fees, providing a valuable opportunity to become compliant and avoid higher penalties in the future. Companies with overdue annual filings should take advantage of this extended timelin

With the financial year progressing, GST-registered businesses should begin reviewing their books of accounts, GSTR-1, GSTR-3B, Input Tax Credit (ITC), and purchase reconciliations. Early preparation helps identify mismatches and ensures timely filing of annual GST returns while reducing the risk of notices and penalties.

Private Limited Companies, OPCs, and LLPs should start preparing for their annual ROC compliance by finalizing financial statements, statutory registers, board meeting records, and audit documentation. Timely preparation ensures smooth filing of forms such as AOC-4 and MGT-7/MGT-7A, helping companies avoid late filing fees and maintain good compliance status with the MCA.