The 61st edition of DevMantra Times arrives on the first day of Financial Year 2026–27 - and it carries updates that every business owner, CFO, and compliance professional in India needs to read before the month is out.
This edition covers the CBDT's notification of Income-tax Rules, 2026, effective April 1, alongside new amendments aligning India's reporting framework with crypto-asset and digital currency obligations. On the GST front, we decode multiple High Court and AAR rulings - from ITC denial under Section 16(4), margin scheme applicability on used car sales, to pre-deposit linkage via Form DRC-03A.
The regulatory landscape is active: SEBI has introduced a voluntary debit freeze for mutual fund units, new intraday borrowing rules for mutual funds, and a revised reporting framework for Alternative Investment Funds. The Government has tabled the Corporate Laws (Amendment) Bill, 2026 in Lok Sabha, proposing significant changes to the Companies Act and LLP Act.
Banking developments - IDBI Bank privatisation likely restarting, ICICI Bank's ₹769 crore GST demand, and Bank of Baroda's EMI discrepancy issue - are covered in full.
The April 2026 compliance calendar maps every deadline you need, from GSTR-1 to TDS deposit.
