Newsletter April, 2026
Dear Readers and Professional Community,
It gives us immense pleasure to present the very first edition of our Monthly Newsletter for April 2026.
In a profession where every update matters and every change creates opportunity, staying informed is the key to staying ahead. With this vision, we have compiled all the important updates, insights, developments, and knowledge shared throughout the month on our website into one place for your quick review, easy reference, and valuable reading experience.
As beautifully said, “Knowledge is the investment that gives the highest returns.”
This newsletter is more than just a collection of updates. It is a step towards creating a habit of continuous learning, professional awareness, and smarter growth. Whether you are a member, student, or aspirant, we hope these pages add value to your journey and keep you inspired to learn more.
This is just the beginning, and we look forward to bringing you many more insightful editions in the months ahead.
Below, you will find a summary of all articles published on our website during April 2026. To read any topic in detail, you may click on the respective link provided in the newsletter.
Highlights of April 2026 Articles
INCOME TAX KNOWLEDGE HUB
TDS on Professional Fees & Technical Services: Section 194J and Section 393 Explained
Professional payments got reorganized, not redefined. Under the proposed Income tax framework, Section 194J appears as Section 393(1), simplifying structure without changing core rules. It continues to cover payments for professional services, technical services, royalty, and director remuneration, ensuring tax collection at source. Key rates remain 10 percent generally and 2 percent for specified services, with a 50,000 threshold for most categories, except director payments where no limit applies. For businesses and professionals, this means clarity, continuity, and easier navigation of provisions. Understanding this shift helps avoid compliance errors and ensures accurate TDS deductions.
https://www.aagamshahca.com/news-detail/tds-professional-fees-technical-services
Significant Changes in PAN Rules under New Income Tax Rules, 2026
PAN rules just got a major overhaul. From April 1, 2026, Rule 114 shifts to Rule 158, bringing a redesigned, more structured PAN framework. Separate application and correction forms now apply for individuals and entities, replacing the earlier common formats. Documentation is stricter, with Aadhaar no longer sufficient alone and mandatory proof for date of birth introduced. PAN data will align directly with Aadhaar, removing customization. Transaction thresholds for mandatory PAN quoting have also been revised significantly. For taxpayers and professionals, these changes demand careful attention to avoid errors, delays, and compliance issues. Stay updated to manage PAN processes smoothly.
https://www.aagamshahca.com/news-detail/PAN-Application-and-Related-Rules
TDS on Purchase of Goods: Key FAQs [Section 393(1), Sr. No. 8(ii) | Earlier Section 194Q]
TDS on purchase of goods continues with a new label. Section 194Q now appears as Section 393(1) Serial No 8(ii) under the new Income tax framework, with no major change in core rules. Businesses with turnover above Rs 10 crore must deduct TDS once purchases from a seller exceed Rs 50 lakh. While the concept remains familiar, practical clarity on thresholds, GST exclusion, timing, and adjustments is critical to avoid errors. Non compliance can trigger disallowances, interest, and penalties. For professionals and businesses, understanding these nuances ensures smoother compliance and prevents costly mistakes.
https://www.aagamshahca.com/news-detail/TDS-on-Purchase-of-Goods-Key-FAQs-Sectio
Balancing Tax Planning and Financial Credibility: A Critical Analysis of Revised Return and ITR-U
Can you increase income in your tax return just to secure a loan or visa? Many taxpayers minimise income for tax savings but later face challenges when higher income proof is required. While revised returns allow corrections, they are meant for genuine errors, not artificial inflation of income. Even updated returns permit disclosure of missed income with additional tax, but not strategic overstatement. Misuse can lead to compliance risks and credibility issues. For businesses and individuals, balancing tax planning with financial transparency is critical. Knowing the limits of these provisions can save you from costly mistakes.
https://www.aagamshahca.com/news-detail/revised-return-vs-itr-u-income-tax-in
New ITR Forms for AY 2026–27: Key Changes, Updates & What Taxpayers Must Know
Major ITR changes for AY 2026–27 are here, and they directly impact how you report income and stay compliant. The Income Tax Department has expanded eligibility for ITR-1 and ITR-4, revamped capital gains reporting, and introduced deeper disclosures for house property, interest income, and F&O transactions. Simplified representative assessee details and extended timelines for revised returns add flexibility, but also demand accuracy. New requirements around tenant data, investment disclosures, and transaction specifics increase transparency. Taxpayers and professionals must review form selection, data capture, and reporting processes now to avoid errors, notices, or missed benefits.
https://www.aagamshahca.com/news-detail/latest-itr-updates-india-ay-2026-27-in
GST KNOWLEDGE HUB
GSTAT Appeal Procedure Explained: Key Steps, Documents & Filing Checklist You Cannot Ignore
GSTAT is now operational, making GST litigation more structured and time-bound. But many appeals fail or get delayed not because of weak merits, but due to procedural mistakes. Our latest article explains the complete GSTAT appeal process in a practical and simplified manner covering filing steps, mandatory documents, drafting essentials, timelines, defect rectification, replies, rejoinders, authorised representation, and key compliance points every taxpayer and professional should know. If you are planning to file or handle a GST appeal, this guide can save time, effort, and costly errors. Stay prepared, stay compliant.
https://www.aagamshahca.com/news-detail/gstat-appeal-procedure-filing-steps-chec
IMS Offline Utility (v1.0): A Practical Upgrade in GST Compliance Handling
GSTN has launched the IMS Offline Utility (v1.0) on 07 April 2026, tackling a real compliance pain point—managing large invoice volumes under IMS. Instead of acting on invoices one-by-one on the portal, taxpayers can now download data, process it in spreadsheets, and upload updates. The result: faster handling, fewer errors, better reconciliation, and less dependence on portal speed during peak periods. For CAs and businesses, this aligns with existing workflows and brings structure, control, and accuracy without changing the law. A small update with big efficiency gains—worth exploring for smoother GST compliance.
https://www.aagamshahca.com/news-detail/ims-offline-utility-gst-portal-april-202
Pre-deposit Percentage in the GST Portal
GST long struggled with a rigid GST portal that auto-filled and locked this amount, ignoring prior payments and correct classifications. Effective April 6, 2026, GSTN now allows editing of the pre-deposit in Form APL-01. This simple change brings real flexibility, enabling accurate reporting, recognition of payments already made, and better alignment with actual liability. appeals just became more practical. While law mandates a 10% pre-deposit for filing appeals, taxpayers For businesses and professionals, it reduces errors, saves time, and eases appeal filing stress. A small system update with meaningful impact on compliance efficiency.
https://www.aagamshahca.com/news-detail/Pre-deposit-Percentage-in-the-GST-Portal
Advisory on Re-Computation of Interest under Table 5.1 of GSTR-3B
GST interest calculations just got a crucial fix. Due to a system glitch for February 2026, the portal over calculated interest by ignoring cash ledger balances, impacting many taxpayers. Now, a new re compute interest option in GSTR 3B allows correction based on accurate data. Taxpayers must review March returns, recompute interest, and update figures as per the revised system generated PDF. This ensures correct liability and avoids excess payment. For businesses and professionals, this is a reminder that system values need verification. Acting now can prevent errors, disputes, and unnecessary cash outflow.
https://www.aagamshahca.com/news-detail/Advisory-on-Re-Computation-of-Interest
How to Use IMS Offline Tool in GST – Step-by-Step Guide
Handling GST invoices just got easier. GSTN has introduced an IMS Offline Tool that allows taxpayers to manage invoice actions in bulk using an Excel based utility. Instead of working only on the portal, businesses can now download data, review invoices offline, and upload updates efficiently. This helps reduce errors, saves time, and improves accuracy in input tax credit claims. For professionals and businesses dealing with large volumes, this tool brings better control and flexibility in reconciliation. Adopting this approach can significantly streamline compliance and reduce last minute pressure during return filing cycles.
https://www.aagamshahca.com/news-detail/gst-ims-offline-tool-guide-invoice-manag
A Small 1% Rule That Can Impact Your Entire GST Compliance (Rule 86B, CGST Rules)
One small check can prevent big trouble. Many taxpayers fully utilise ITC and miss the Rule 86B requirement of paying at least 1% of output tax in cash where turnover exceeds Rs 50 lakh. The rule ensures minimum cash flow to the government while curbing ITC misuse, with relief available in specific cases. For businesses and professionals, timely tracking is key to staying compliant and avoiding last minute stress.
https://www.aagamshahca.com/news-detail/rule-86b-gst-1-percent-cash-payment-itc-
CORPORATE KNOWLEDGE HUB
Companies Compliance Facilitation Scheme (CCFS-2026): FAQs Explained with Practical Clarity
A limited window to fix years of non compliance is here. The Companies Compliance Facilitation Scheme 2026 offers companies a one time chance to regularise pending filings with only 10 percent additional fees. Covering key forms like annual returns and financial statements, it also allows options for dormant status or strike off at reduced cost. With automatic immunity in certain cases and coverage across multiple years, this is a major relief for defaulting companies. Missing this window may lead to penalties or strike off action. Businesses should act quickly to clean up records and restore compliance status.
https://www.aagamshahca.com/news-detail/ccfs-2026-mca-compliance-scheme-delayed
No Forms Needed: MCA Email ID Update Now Fully System-Driven
Updating your company’s email with MCA just became simpler and faster. Under the MCA V3 portal, registered email ID changes are now profile based, system driven, and require no form filing or ROC approval. Businesses must update details through their Business User profile, with OTP authentication by authorised signatories ensuring secure validation. Once verified, the change reflects instantly in MCA records. For companies and LLPs, this shift means quicker updates, better control, and real time accuracy of contact details. Staying aligned with this process ensures smooth communication and avoids missing critical regulatory updates.
https://www.aagamshahca.com/news-detail/MCA-Email-Update-Rule-Change
Conclusion
April 2026 was a month full of important tax, GST, and corporate law updates, each carrying practical implications for taxpayers, businesses, and professionals. From new ITR forms and PAN rule changes to GST portal improvements, IMS utility, GSTAT procedures, and MCA compliance reliefs, the month clearly shows that compliance is becoming more system-driven, data-focused, and time-sensitive.
Through this newsletter, our effort is to bring all these updates together in a simple and useful manner so that readers can stay informed, take timely action, and make better compliance decisions. We hope this first edition adds value to your professional reading, and we look forward to sharing more such insightful monthly updates in the coming editions.
Disclaimer: This material and the information contained herein is intended for clients and other Chartered Accountants to provide updates and is not an exhaustive treatment of such subject. We are not, by means of this material, rendering any professional advice or services. It should not be relied upon as the sole basis for any decision which may affect you or your business.
