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Binarysoft is Authorised Tally Sales & Implementation Partner in India
+91 742 877 9101 or E-mail: tally@binarysoft.com 10:00 am – 6: 00 pm , Mon-Fri
By CA. Reyansh Kulkarni | 20-07-2026 12:57:00
As the Income Tax Return (ITR) filing season for Assessment Year 2026-27 gains momentum, taxpayers who sold shares, property, mutual funds, gold, or cryptocurrencies during the financial year need to be extra cautious. While filing an ITR is relatively simple for salaried individuals with no additional income, things become more complicated when capital gains are involved. The Income Tax Department now receives transaction data from stock exchanges, mutual fund houses, registrars, banks, propert Read More
By CA. Darshit Malhotraa | 20-07-2026 12:00:00
Property transactions have come under sharper scrutiny in recent months as the Income Tax Department increasingly relies on stamp duty valuations to verify the correctness of sale prices reported in income tax returns. Many homeowners are surprised to discover that although they sold a residential property for a negotiated market price, their capital gains tax may be calculated using a much higher value adopted by the stamp valuation authority. This often creates confusion, especially when taxpa Read More
By CA. Arvindh Khetwaani | 16-07-2026 12:46:00
The Income Tax Return (ITR) filing season for Assessment Year 2026-27 has once again brought the spotlight back to one of the biggest decisions for salaried taxpayers—whether to choose the old tax regime or the new tax regime. While many taxpayers continue to believe that the old regime is better because it offers deductions and exemptions, recent tax comparisons indicate that individuals earning between ₹25 lakh and ₹1 crore could actually save up to approximately ₹1.5 lakh by opting fo Read More
By CA, Rishubh Talrejaa | 14-07-2026 10:25:00
Choosing between the old and new tax regimes has become one of the most important financial decisions for salaried taxpayers in 2026. While the new Income Tax Act, 2025 has come into force from April 1, 2026, the tax slab rates remain largely unchanged from the previous financial year. The government continues to promote the new tax regime as the default option, offering simplified tax filing, lower tax rates, and a higher standard deduction. However, many taxpayers still wonder whether the old Read More
By CA. Reyansh Kulkarni | 13-07-2026 12:00:00
The rules and regulations applicable to Relief/Savings Bonds have been updated with instructions issued up to June 30, 2018 in the Master Directions on Relief/Savings Bonds. The directions facilitate availability of all the current operative instructions on the above subject at one place and will be updated suitably and simultaneously whenever there is a change in the rules/regulations or there is a change in the policy. These directions have been placed on RBI Read More
By CA. Darshit Malhotraa | 13-07-2026 12:00:00
With the Income Tax Return (ITR) filing season in full swing, taxpayers across India are becoming more conscious about filing accurate returns and meeting statutory deadlines. In recent years, the Income Tax Department has significantly enhanced its technology-driven compliance system. Through AI-powered analytics, Annual Information Statements (AIS), Taxpayer Information Summaries (TIS), PAN-Aadhaar integration, and extensive financial data matching, discrepancies are detected much faster than Read More
By CA. Praneet Bansaal | 10-07-2026 12:00:00
Please refer to Chapter IX on “Requirements/obligations under International Agreements - Communications from International Agencies” of the Reserve Bank of India - Know Your Customer, Directions, 2025 dated November 28, 2025 (amended as on December 29, 2025) (“Directions”), as per which, regulated entity shall ensure that in terms of section 51A of the Unlawful Activities (Prevention) (UAPA) Act, 1967 and amendments thereto, it does not have any account in the name of individuals / entit Read More
By CA. Vishal Mehta | 07-07-2026 11:00:00
In exercise of the powers conferred by sub-section (2) of section 6 and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendment in the Foreign Exchange Management (Deposit) Regulations, 2016 (Notification No. FEMA 5 (R)/2016-RB dated April 01, 2016) (hereinafter referred to as 'the principal regulations'), namely:- Read More
By CA. Lakshy Vermaa | 03-07-2026 14:30:00
RBI/FMRD/2026-27/407 FMRD.DIRD.No.02/14.03.046/2026-27 June 25, 2026 To All participants in credit derivatives markets Dear Sir/Madam, Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2026 Please refer to Paragraph 13 of the Statement on Developmental and Regulatory Policies announced as a part of the Bi-monthly Monetary Policy Statement for 2025-26 dated February 06, 2026, regarding the introduction of derivatives on credit indices and total return sw Read More
By CA, Harshit Gaurwaadi | 02-07-2026 13:00:00
The Reserve Bank of India regularly reviews the services covered under its Citizen’s Charter and based on the recent review – (i) fourteen services have been included, and (ii) timeline has been modified for four services. Accordingly, the number of services under the Charter now stands at 213. Read More
By CA. T.R Venkat | 30-06-2026 11:00:00
In exercise of the powers conferred by sub-section (2) of section 6 and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendment in the Foreign Exchange Management (Deposit) Regulations, 2016 (Notification No. FEMA 5 (R)/2016-RB dated April 01, 2016) (hereinafter referred to as 'the principal regulations'), namely Read More
By CA. Mayankh Singhaal | 26-06-2026 11:00:00
With an objective to enhancing transparency and providing greater clarity to the investors, Reserve Bank introduced the Benchmark Issuance Strategy (BIS) on a pilot basis from Q1: FY 2026-27 involving nine states, viz., Andhra Pradesh, Bihar, Chhattisgarh, Kerala, Madhya Pradesh, Maharashtra, Rajasthan, Telangana, and Uttar Pradesh. The strategy involves issuing securities in specific benchmark tenor buckets as per the pre-announced calendar. Read More
By CA. Shaurya Venkataraman | 24-06-2026 12:00:00
Chartered Accountants have long served as the one of the most important pillars of the Indian economy. Since 1949, the profession has remained steadfast in its commitment to nation-building, driving financial integrity and strategic growth across all sectors. Today, with a robust community of over 5 lakh members and 10 lakh students, the Institute of Chartered Accountants of India (ICAI) continues to champion the public interest and the country's evolving economic narrative. Read More
By CA. T.R Venkat | 24-06-2026 11:00:00
Yes. Indian banks (including their overseas branches) are permitted to extend loans to a non-resident, or issue a SBLC in favour of overseas lenders, against FCNR(B) deposits mobilised in terms of Circular dated June 8, 2026, on ‘Swap Facility for FCNR (B) Deposits’. This is without prejudice to normal lending or issuance of SBLC by AD Banks on secured or unsecured basis. Read More
By CA. Rohin Mehtaal | 23-06-2026 11:00:00
MSMEs have a special place in my heart. I got an opportunity to work in this very dynamic sector early in my career way back in 2000 when a dedicated Ministry had just been set up for this sector in the year 1999. It used to be known as the Ministry of SSI & ARI then. Read More
By CA. Mayankh Singhaal | 18-06-2026 12:00:00
Please refer to the Reserve Bank of India (Rural Co-operative Banks – Interest Rate on Deposits) Directions, 2025 (hereinafter referred to as ‘Directions’), dated November 28, 2025. On a review, it has been decided to temporarily withdraw interest rate ceiling on fresh FCNR(B) deposits of 3-5 year tenors and restriction on interest rates on NRE deposits of 3 year and above tenors, including the deposits that are renewed upon maturity, from the date of this Amendment Directions till Septemb Read More
By CA, Harshit Gaurwaadi | 17-06-2026 16:00:00
Place: Andheri Oshiwara CPE Study Circle of WIRC of ICAI Date: 28-06-2026 – To: 28-06-2026 CPE.Hrs.: 6 Read More
By CA. Pankaj Bhadoria | 17-06-2026 11:00:00
Under the statutory powers conferred upon it by Payment and Settlement Systems Act, 2007 (PSS Act), RBI had issued various directions for operation of a Payment System. Today, RBI has issued Master Directions on Authorisation to operate a Payment System which consolidates instructions issued through following circulars/ guidelines, and comes into effect immediately: Read More
By CA. Rohin Mehtaal | 16-06-2026 12:20:00
In exercise of the powers conferred by Sections 45JA, Section 45K, 45L, and 45M of the Reserve Bank of India Act, 1934, Section 3 read with Section 31A and Section 6 of Factoring Regulation Act, 2011 and Section 30, 30A, 32 and 33 of NHB Act, the Reserve Bank being satisfied that it is necessary and expedient in the public interest to do so, hereby, amends the directions issued vide Reserve Bank of India (Non-Banking Financial Companies – Undertaking of Financial Services) Directions, 2025 ("M Read More
By CA. T.R Venkat | 15-06-2026 11:00:00
On a review, and in exercise of the powers conferred by Section 45L of the Reserve Bank of India Act, 1934 and all other provisions / laws enabling the Reserve Bank of India in this regard, the Reserve Bank of India, being satisfied that it is necessary and expedient in public interest so to do, hereby, issues the Amendment Directions hereinafter specified. Read More
By CA. Pankaj Bhadoria | 12-06-2026 13:00:00
Chartered Accountants have long served as the one of the most important pillars of the Indian economy. Since 1949, the profession has remained steadfast in its commitment to nation-building, driving financial integrity and strategic growth across all sectors. Today, with a robust community of over 5 lakh members and 10 lakh students, the Institute of Chartered Accountants of India (ICAI) continues to champion the public interest and the country's evolving economic narrative. Read More
By CA. Mayankh Singhaal | 12-06-2026 12:00:00
The comments / feedback on the draft Amendment Directions may be submitted by the regulated entities and members of public / other stakeholders on or before July 9, 2026 through the following channels Read More
By CA. Arvindh Khetwaani | 10-06-2026 11:20:00
Please refer to the Governor’s Statement dated June 5, 2026, wherein it has been decided to introduce a US Dollar-Rupee swap facility for fresh Foreign Currency Non-Resident (Bank) [FCNR (B)] dollar funds, mobilised for a minimum tenor of three years and maximum tenor of five years. Read More
By CA, Rishubh Talrejaa | 09-06-2026 11:00:00
In this connection, please refer to the Reserve Bank of India (Regional Rural Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (Updated as on January 22, 2026). It has been decided that fresh FCNR (B) deposits of minimum tenor of three years and maximum tenor of five years mobilized (including deposits that are renewed upon maturity) by the banks from the date of this Amendment Directions till September 30, 2026 will be exempted from maintenance of CRR and SLR. Read More
By CA. Priya Tanvi | 08-06-2026 15:10:00
The s.no. (xxxi) “Assessment and evaluation of Social Impact, CSR Impact, Business Responsibility and Sustainability Reporting, and the like” of Management Consultancy and other services issued under Section 2(2)(iv) of the Chartered Accountants Act, 1949 in Code of Ethics, Volume-I is effective from December 11, 2025. Read More
By CA. Shivesh Khandelwaal | 08-06-2026 12:40:00
In exercise of the powers conferred by section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank makes the following amendment in the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 (Notification No. FEMA.389/2018-RB dated March 20, 2018) Read More
By CA, Rishubh Talrejaa | 05-06-2026 15:00:00
At present, investments by Foreign Portfolio Investors (FPIs) in Government Securities through the General Route are subject to (i) short-term investment limit, (ii) security-wise limit, and (iii) concentration limit. On a review, and with a view to providing greater ease of investment to FPIs, it has been decided to withdraw the requirement for FPIs to comply with the above three limits, for their investments in Government securities under the General Route. Read More
By CA. Pankaj Bhadoria | 03-06-2026 11:00:00
The rules and regulations applicable to Relief/Savings Bonds have been updated with instructions issued up to June 30, 2018 in the Master Directions on Relief/Savings Bonds. The directions facilitate availability of all the current operative instructions on the above subject at one place and will be updated suitably and simultaneously whenever there is a change in the rules/regulations or there is a change in the policy. Read More
By CA, Harshit Gaurwaadi | 02-06-2026 12:20:00
Today, the Reserve Bank released the web publication ‘Annual Basic Statistical Return (BSR)-1 on Credit by Scheduled Commercial Banks – March 2026’1 on its ‘Database on Indian Economy’ (DBIE) portal2 (https://data.rbi.org.in Homepage > Publications). The publication provides information on various characteristics of outstanding bank credit in India, based on data submitted by SCBs {including Regional Rural Banks (RRBs)} under the annual ‘Basic Statistical Return (BSR) – 1’ system Read More
By CA. Shivesh Khandelwaal | 02-06-2026 11:00:00
The Income Tax Return (ITR) filing season for FY 2025-26 has officially started, and many salaried taxpayers are already preparing to submit their returns as early as possible. While filing early is generally considered a smart financial habit, tax experts in 2026 are advising salaried employees to avoid rushing their returns before mid-June. Over the last few years, frequent updates in Form 26AS, AIS, TDS entries, and employer corrections have created problems for taxpayers who filed too quickl Read More
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