M. K. And Associates

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Tax Rates for A.Y. 2026-27 for Individuals # #

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Various exemptions available from capital gains

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Big Update for CA Students & Firms!

The ICAI has released the Draft Chartered Accountants (Amendment) Regulations, 2026, proposing a revision in the minimum stipend payable to articled assistants.

Proposed Monthly Stipend:

🏙️ Cities with Population ≥ 20 Lakhs
• 1st Year: ₹5,000
• 2nd Year: ₹6,000

🏘️ Cities with Population 5–20 Lakhs
• 1st Year: ₹4,000
• 2nd Year: ₹5,000

🌾 Cities with Population < 5 Lakhs
• 1st Year: ₹3,000
• 2nd Year: ₹4,000

📌 These are draft regulations and will become effective only after their final publication in the Official Gazette.

Updation/Amendments in GST E-way bill from 01-August-2026

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Changes have been introduced in the e-Invoice API, e-Way Bill by IRN API and EWB Closure API.

Key impact :-
* Ship-to GSTIN mandatory in Bill-to / Ship-to cases
* Use “URP” where consignee is unregistered
* Voluntary Closure of e-Way Bill enabled
* Production implementation from 1st August, 2026

ERP / billing software users should coordinate with their vendors and complete testing in time.

Check the advisory here:
tutorial.gst.gov.in/downloads/news…

Connect us for clear consultation on
TAXATION AUDIT ACCOUNTANCY FINANCE

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TDS Due Dates