Bala Ji Associates Your Compliance Partner

26/11/2025

BIG SHIFT: MCA plans to exempt Companies up to Rs 1 crore turnover from statutory audit.

Set to be introduced in the Winter Session. What's your take??

01/11/2025

*GST PORTAL MAJOR UPDATE:*
The GST common portal has *operationalized the simplified registration route that enables registration within 3 working days for eligible low-risk applicants (Aadhaar authentication mandatory).* Applicants should ensure all prescribed documents are uploaded to avoid delay.

Registration in 3 days for small & non-risk taxpayer

29/10/2025

*🕒 MCA Relaxes Cost Audit Filing Deadline: CRA-4 Due Date Extended to December 31, 2025 📝*

The Ministry of Corporate Affairs (MCA) has announced a significant relief for companies by extending the deadline for filing CRA-4 (Cost Audit Report in XBRL format) to December 31, 2025. Additionally, the MCA has waived additional fees for late filings made during this extended period.

*Key Highlights:*

- *Extended Deadline*: The new deadline for filing CRA-4 is December 31, 2025.
- *Waiver of Additional Fees*: No additional fees will be charged for filings made during the extended period.
- *Applicability*: The extension and waiver apply to all companies required to file CRA-4.

*Implications:*

- *Relief for Companies*: The extension provides companies with more time to comply with the cost audit reporting requirements.
- *Simplified Compliance*: The waiver of additional fees reduces the financial burden on companies.

*Takeaway:*

This move is expected to ease the compliance burden on companies and provide them with sufficient time to file their cost audit reports. Companies should utilize this extended period to ensure timely and accurate filing of their CRA-4 reports .

29/10/2025

Tax Audit and ITR Date further Extended !!

Audit Date - 10th Nov
Audited ITR - 10th Dec

19/10/2025

15/09/2025

Portal not working, ITR not being filed

Client: Sir, can u send me last 3 years ITR for loan

CA:

12/09/2025

All One Person Companies (OPCs) are required to file Form AOC-4 for the Financial Year 2024-25.

🗓️ Last Date of Filing: 27th September 2025

✅ Ensure timely compliance to avoid penalties.

10/09/2025

📅 ITR Filing Timeline: AY 2025-26

This year, the Income Tax Department extended the ITR due date from 31st July to 15th September 2025 — and for good reason.

While it seemed like we got extra time, the reality was different👇

🧾 ITR Filing Rollout Timeline

🔹 30 May – ITR-1 & ITR-4 Excel Utility released
🔹 4 June – Prefilled data download enabled
🔹 11 June – Common Offline Utility released
🔹 17 June – ITR-1 & ITR-4 enabled for online + offline filing
🔹 11 July onwards – Remaining ITR forms released for individuals
🔹 By 30 Aug – Over 4 crore ITRs filed

⏳ Why the Extension?

The delay in releasing ITR forms & utilities took up most of the "extended" time. Early filers had to wait until mid-June to begin properly filing.

🔍 Key takeaway:
This year’s September 15 deadline wasn't a luxury—it was a necessity due to backend system updates and form revisions.

We humbly request the Income Tax India, Ministry of Finance, Government of India, Central Board of Direct Taxes, Nirmala Sitharaman, Narendra Modi, PMO India to consider extending the ITR filing deadline by at least 15–30 days to ensure stress-free and error-free compliance for honest taxpayers.