1. Key Highlights
- ITR for AY 2026-27 – audit cases due 21 Nov 2026; no further extension notified as of this update. (Source: CBDT – Circular No. 07/2026)
- Notification No. 139/2026 — New Rule 189A and Form 112A set conditions for merger of registered non-profit organisations under the Income-tax Act, 2025. (Source: CBDT – Notf. 139/2026, G.S.R. 961(E))
- Notification No. 141/2026 — No TDS on dividends between IFSC aircraft-leasing units against Form 1(N), w.e.f. 1 Apr 2026. (Source: CBDT – Notf. 141/2026, S.O. 6016(E))
- ICAI Valuation Standards, 2026 exposure draft — comments due 22 Nov 2026. (Source: ICAI – IBVSB Exposure Draft)
2. Income-tax & TDS/TCS
- Notification No. 139/2026 (late catch) (30 Oct 2026) — New Rule 189A and Form 112A set conditions for merger of registered non-profit organisations under the Income-tax Act, 2025 — trusts planning mergers must meet audit and filing conditions. (Source: CBDT – Notf. 139/2026, G.S.R. 961(E))
- Notification No. 141/2026 (late catch) (04 Nov 2026) — No TDS on dividends between IFSC aircraft-leasing units against Form 1(N), w.e.f. 1 Apr 2026 — payments still to be reported in TDS statements. (Source: CBDT – Notf. 141/2026, S.O. 6016(E))
3. GST
No material updates this week.
4. MCA / ROC & ICAI
- ICAI Exposure Draft – Valuation Standards, 2026 (late catch) (02 Nov 2026) — Draft valuation framework and IVS 101–303 issued for comments by 22 Nov 2026 — relevant to registered valuers and valuation practice. (Source: ICAI – IBVSB Exposure Draft)
5. Charity Commissioner (Gujarat & Maharashtra)
No material updates this week.
6. Labour Laws (PF & ESI)
- PIB – Ministry of Labour & Employment (07 Nov 2026) — EPFO reports completion of Special Campaign 6.0 with 2,36,021 public grievances disposed of — administrative; no compliance change. (Source: PIB – PRID 2334030)
7. Key Judgments
No material updates this week.
8. Professional News
- NFRA Samvad Volume-4 (09 Nov 2026) — NFRA published its periodic newsletter covering July–September 2026 — useful for NFRA's current audit-quality themes. (Source: NFRA – Samvad Vol-4)
9. Due Dates – Next 14 Days
| Date | Compliance | Applies to | Source |
|---|---|---|---|
| 14 Nov 2026 | Comments on ICAI exposure draft – amendments to Ind AS 28 | Members / Ind AS preparers | ICAI – ASB ED Ind AS 28 |
| 15 Nov 2026 | PF (ECR) and ESI contributions for October 2026 wages | Covered employers | EPFO / ESIC – statutory monthly date; no extension found |
| 20 Nov 2026 | GSTR-3B for October 2026 (monthly filers) | Monthly GST taxpayers | CBIC – CGST Rule 61(1)(i) |
| 21 Nov 2026 | ITR for AY 2026-27 – audit cases (extended from 31 Oct) | Tax-audit assessees | CBDT – Circular No. 07/2026 |
| 22 Nov 2026 | Comments on ICAI Valuation Standards exposure draft | Registered valuers / members | ICAI – IBVSB ED |
| 25 Nov 2026 | PMT-06 GST payment for October 2026 | QRMP taxpayers | CBIC – CGST Rule 61(3) |
Sources: official Government / statutory-body portals, Taxmann and SCC Online. For information only – not professional advice.
This update is for general information only and does not constitute professional advice. Readers should verify with the original notification or circular and seek advice on their specific facts before acting.