Sandhya Rani and Associates- Chartered Accountant Services

29/09/2026

CBDT issues Circular No. 07/2026 dated 28.09.2026 extending timelines for filing various reports of audit and Income Tax Returns for Assessment Year 2026-27

28/09/2026

28/09/2026

The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income for Assessment Year 2026-27 in the case of persons mentioned at S. No. 2 in the Table below Explanation 2 to sub-section (1) of section 139 of the Income-tax Act, 1961 from 31st October, 2026 to 21st November, 2026.

Accordingly, the 'specified date' for furnishing of the report of audit under the provisions of the Income-tax Act, 1961 for Assessment Year 2026-27, in the case of such persons, stands extended to 21st October, 2026

Press Release Issued.

26/09/2026

26/09/2026

🏦 *BANKS OPEN ON 27 SEPTEMBER SUNDAY*

All 12 Public Sector Banks *(PSBs)* and Regional Rural Banks *(RRBs)* will remain operational on *Sunday, 27 September*

📌 *Private banks* like HDFC Bank, ICICI Bank, Axis Bank etc. are *not covered by this order.*

If you have pending branch work, 27 September is the day to complete it.

25/09/2026

Message by DTC ICAI Vice Chairman - CA Pankaj Shah sir.

An ICAI delegation had the opportunity to welcome the newly appointed *CBDT Member, Smt. Vatsala Jha,* and engage in a constructive discussion on various issues affecting the profession. In the backdrop of the Rajasthan High Court case, the delegation also presented statistics highlighting the number of audits that remain pending and the significant pressure being faced by members due to the newly introduced August deadline. The concerns raised by the delegation were duly noted, and the discussion was held in a positive and constructive manner.

Regards
*CA Pankaj Shah*
Vice Chairman
Direct Taxes Committee

25/09/2026

Rajasthan High Court Tax Audit due date extension hearing concluded.

CBDT counsel did not file reply and asked for next date

High court set next hearing date 28th September.

24/09/2026

*Everyone, please note this important point while generating UDIN for Tax Audit:*

🔹 Form 3CA–3CD:
No Auditor’s Opinion on Financial Statements is applicable.
The financial statements are already audited under another law.

🔹 Form 3CB–3CD:
Auditor’s Opinion on Financial Statements is applicable.
Here, the auditor is also auditing the financial statements, as they are not audited under any other law.

So, while generating UDIN:
3CA–3CD → No Auditor’s Opinion
3CB–3CD → Auditor’s Opinion applicable

Please keep this distinction in mind.