Aggarwal Mahavir and Associates

The online application form for the empanelment of Chartered Accountant firms/LLPs to be considered for the appointment as auditors of Government Companies/Corporations for the year 2026-27 under Sections 139(5) and 139(7) of the Companies Act 2013 is available at care.cag.gov.in from 13 February to 02 March 2026

care.cag.gov

📢 *ICAI MAJOR UPDATE*

🆔 *UDIN Portal Migration to ICAI DigiCA Platform*

ICAI has announced that the existing UDIN Portal will be migrated to the *new ICAI DigiCA Platform on 20 December 2025* for a smoother interface, better usability and enhanced features.

⛔ UDIN services (generation & verification) will be *unavailable for about 24 hours during the transition —*
🕛 *From midnight of 19 December 2025.*

🔄 *Plan your certifications accordingly.*

Update – Rajasthan High Court (Jodhpur Bench)

On the matter of Tax Audit Due Date Extension, the Hon’ble Court has directed an interim order that:

- Considering technical glitches and pendency
- Respondents are required to issue a notification extending the due date for filing of tax audit report
- The facility to file audit reports must be made fully operational.
- Due date to be extended for 30 days- 31st October
Next date of hearing 27th October.

Announcement providing relaxation in compliance with the 'Guidance Note on Financial Statements of Non-Corporate entities' and 'Guidance Note on Financial Statements of Limited Liability Partnerships' for annual reporting period 2024-25. (19-09-2025)

🪔 **Wishing You a Joyous Ganesh Chaturthi!** 🪔
From all of us at **Aggarwal Mahavir and Associates**, may Lord Ganesha bless you with wisdom, prosperity, and clarity in every legal and life journey.

As the remover of obstacles and the harbinger of new beginnings, may Ganpati Bappa guide your path with grace and strength.

🙏 **Ganpati Bappa Morya!** 🙏

🚨 **Attention Law Students: Important Internship Update!** 🚨

The Bar Council of India (BCI) has issued new internship rules under the Legal Education (Amendment) Rules, 2024.

**Here’s What’s New:**

- **Minimum Internship for 5-Year Law Course:** 20 weeks
- **Minimum Internship for 3-Year Law Course:** 12 weeks

**Recognized Internship Places:**
- Advocates’ offices
- Law firms
- Courts and tribunals
- Legal NGOs
- Legal departments in companies

**What You Must Do:**
It’s now compulsory to keep records and get certificates for each internship. Accurate documentation is a must.

**Why this matters:**
These new guidelines help you build practical legal skills and gain real-world experience during your studies. Plan your internships early, broaden your exposure, and make every opportunity count!

Summary of CBDT Circular No. 6/2025 (Dated 21 July 2025)

The Central Board of Direct Taxes (CBDT) has issued a partial modification to Circular No. 3 of 2023 regarding the consequences of PAN becoming inoperative as per Rule 114AAA of the Income-tax Rules, 1962.

# # # Key Highlights

- **Partial Modification**: The new circular partially relaxes rules related to the applicability of higher TDS/TCS rates when a person’s PAN is inoperative due to non-linkage with Aadhaar.
- **Scope**: The relaxation applies to tax deductors/collectors (TDS/TCS) who have deducted or collected tax at a higher rate during the period when the PAN was inoperative and the PAN was later linked with Aadhaar and became operative.
- **Relief Granted**:
- For tax deducted or collected at a higher rate solely due to inoperative PAN, if the PAN becomes operative (by linking with Aadhaar) on or before 31 July 2025, the deductor/collector may request the refund/credit or adjustment for excess TDS/TCS.
- The refund or credit will be allowed for cases where the PAN becomes operative after tax deduction/collection, and the correct lower rate would have applied if the PAN was operative at the time.

# # # Steps for Deductors/Collectors

- File a correction statement under Section 200(3) or 206C(3) of the Income-tax Act once the PAN is operative.
- The lower TDS/TCS rate will be applied retrospectively for transactions during the period the PAN was inoperative but became operative by the cut-off date.

**This update provides significant relief to taxpayers and tax deductors/collectors affected by higher TDS/TCS rates due to delays in linking PAN with Aadhaar, provided the linkage is completed by 31 July 2025.**

ITR-2 and ITR-3 excel utility released by Income Tax Department

ITR-2 and ITR-3 excel utility released by Income Tax Department; Taxpayers with capital gains, crypto, other incomes can now file ITR - The Economic Times Attention Taxpayers! Excel Utilities of ITR-2 and ITR-3 for AY 2025-26 are now live and available for filing.