The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income for Assessment Year 2026-27 in the case of persons mentioned at S. No. 2 in the Table below Explanation 2 to sub-section (1) of section 139 of the Income-tax Act, 1961 from 31st October, 2026 to 21st November, 2026.
Accordingly, the 'specified date' for furnishing of the report of audit under the provisions of the Income-tax Act, 1961 for Assessment Year 2026-27, in the case of such persons, stands extended to 21st October, 2026
Press Release Issued.
ICAI has made a joke of its curriculum, its members and the students.
First one president removed 2 important subjects Costing & Law from CA finals, introduced IBS which is a joke in the name of a subject making it practically 5 subjects from 8 in finals.
Then another president introduced exams 3 times a year from 2 times a year.
One president declared 30 lac CA is needed & diluted the pass percentage to 15-30% in CA finals.
Then another president reversed exam frequency from 3 to again 2 times a year.
Now another president is aiming to bring back the curriculum to 8 subjects.
All this in the name of leaving footprint by each president.
Frequent overhauls like these create uncertainty for students, dilute consistency for members, and make the profession appear directionless. Earlier, ICAI reforms used to be gradual, long-term, and carefully thought through. Now, every new President seems eager to leave behind a “legacy move,” even if it means reversing the decisions of the previous term.
A professional course like CA cannot function on shifting philosophies every couple of years. Stability, consistency, and long-term vision matter far more than headline-grabbing reforms.
The recent announcement by the ICAI to revert the CA Final examination frequency from thrice a year to twice a year—effective May 2026—raises significant concerns regarding institutional consistency. Not long ago, the transition from two to three exams was introduced without a detailed roadmap or clear long-term logic. Now, seeing it rolled back just as abruptly leaves the professional community questioning the strategic vision behind these frequent "trial and error" adjustments.
As a premier professional body, the Institute is expected to provide stability and transparency to its stakeholders. Such flip-flops in policy, without sharing a concrete rationale or impact assessment, only create confusion and disrupt the planning of thousands of aspiring Chartered Accountants. It is essential that the Council shares the specific feedback or data points that prompted this U-turn, ensuring that decisions are seen as well-considered rather than arbitrary.
Institutional accountability thrives on clear communication. If the frequency of exams is to be changed repeatedly, the fraternity deserves to know the "why" behind the move. We hope for a more stable policy environment that prioritizes the long-term interests of the profession and provides students with the certainty they need to succeed.
A young girl breaks down under heavy career pressure, but her father's calm and loving words give her strength.
FATHER : "Don’t cry, beta. There are many jobs. Don’t come under pressure. Be happy"
"I am here for you, beta. I will earn for you" 🥹
A man was sentenced to 7 years in prison for stealing millions of money🥹💔
Two years into his sentence, he received a letter from his father:
“My dear son, you’ve left me in old age and sickness. The planting season has arrived, and I have no one to help me plow the field and plant maize. I wish you were here to help me. God willing, we shall meet again.”
The son replied:
“Dear father, please don’t dig in the field for now. That’s where I buried all the money I stole. Wait until I’m released.”
As all prisoner letters are read by the prison guards, the next morning, over 100 prison officers showed up at the father’s farm and dug every inch of it — but they found nothing.
The son later wrote back:
“Dear Dad, I hope you enjoyed the help I sent you. You can now go ahead and plant your maize.”
As a CA in practice for almost 25 years now... some thoughts for younger CAs.
1. DO NOT rely on statutory work. They can change. They will change.
2. Offer your skill and knowledge to clients not your CA tag or the membership. If your work is solely based on you being a CA... you can be replaced.
3. The ICAI exists to regulate our profession not to ensure members get business
4. MOF/SEBI/MCA/RBI .. any regulator mandates a CA certificate or audit because it aids them and not because you need to be employed. If you stop adding value... they will not need your certificate!
5. Reskill. Upskill. Not once. Keep doing.
6. If small company Audits are going... put your efforts to see what more can be done. DO NOT put efforts in campaigning to stop this! They takes you no where.
7. I have seen multiple services offering (dictated by law) vanish in my 20+ years ... people who reskilled did not vanish. CAs who were only relying on those things and not doing anything else vanished.
8. You are a professional building a practice. See yourself as some one who needs to deal with the business risks. Not someone who seeks immunity to it by operation of law.
PS: All people who want to abuse me, troll me are free to do so. All people who want to tell that it is easy for someone with 20 years of practice but not for someone starting off... stay where you are. Wish you the best.
₹750 per hour → 50,000 students → ₹248 Crore valuation
This is CA @BhanwarBorana’s story.
And it started with rejection after rejection.
When BB Sir became a CA in 2012, he didn't have money.
He had family loans. His father was a farmer. The pressure was real.
So he decided to teach.
He visited every CA coaching institute in Mumbai with a one-page CV.
Every single one rejected him.
No callbacks. No demos. Nothing.
His first teaching job?
₹4,000 per day at GMCS Orientation.
Not teaching CA. Teaching "how to run a CA office" to freshers.
It was survival mode — but it taught him everything about engaging students.
Then came the big choice:
Union Bank of India offered him a ₹6 lakh job through campus placement.
His mentor told him: "You're a CA. You can get a job anytime. But if you think you can teach, stick with it."
BB Sir sent the rejection email.
Then immediately panicked and almost wrote back: "Please ignore my earlier email. I'm joining."
But he didn't.
He started with:
1. ₹750/hour at CA Institute classes
2. Third-year https://t.co/HqG7UqwYKX Costing (not even CA subjects)
3. Morning 7 AM batches in Nala Sopara
4. Traveling all day across Mumbai suburbs
The grind was brutal.
But he learned. He refined. He earned students' trust.
2017: He launched BB Virtuals.
An online CA coaching platform when most still believed in offline classrooms.
His bet? Technology + quality teaching.
2024: Veranda Learning acquired 51% stake for ₹126 Crores.
Company valuation: ₹248 Crores.
BB Sir now teaches 50,000+ students annually.
Over 500 students have secured All India Ranks under his guidance.
What changed between ₹750/hour and ₹248 Crores?
Not luck. Not shortcuts.
Consistency. Resilience. Vision.
He kept teaching when no one wanted to hire him.
He kept upgrading when offline was comfortable.
He kept believing when the math didn't add up.
The real lesson?
Your rejections today are just data points — not your destiny.
Your first salary doesn't define your last equity.
And sometimes, the best business decision is the email you don't send.
P.S. - If you're building something and the world isn't paying attention yet — this is your reminder that BB Sir once earned ₹750/hour too. Keep goin
#motivation #inspiration #grind #hustle #kushallodha
The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income under sub-Section (1) of Section 139 of the Act for the Assessment Year 2025-26, which is 31st October 2025 in the case of assessees referred in clause (a) of Explanation 2 to sub-Section (1) of Section 139 of the Act, to 10th December 2025.
The 'specified date' of furnishing of the report of audit under the provisions of the Income-tax Act, 1961, for the Previous Year 2024-25 (Assessment Year 2025-26) is further extended to 10th November 2025.
Press Release Issued.
The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income under sub-Section (1) of Section 139 of the Act for the Assessment Year 2025-26, which is 31st October 2025 in the case of assessees referred in clause (a) of Explanation 2 to sub-Section (1) of Section 139 of the Act, to 10th December 2025.
The 'specified date' of furnishing of the report of audit under the provisions of the Income-tax Act, 1961, for the Previous Year 2024-25 (Assessment Year 2025-26) is further extended to 10th November 2025.
Press Release Issued.
Hon’ble Prime Minister Shri @narendramodi announced the Next-Generation GST Reforms in his Independence Day address from the ramparts of Red Fort.
Working on the same principle, the GST Council has approved significant reforms today.
These reforms have a multi-sectoral and multi-thematic focus, aimed at ensuring ease of living for all citizens and ease of doing business for all.
#NextGenGST
Chaganti Koteswara Rao garu and K.I. Vara Prasad Reddy garu share their thoughts on #MahavatarNarsimha, applauding the team for delivering a truly divine experience.
Witness the divine saga at theatres near you. 🔥
Wishing all Chartered Accountants a very happy CA Day! Their precision and expertise are essential for every organisation. By emphasising on compliance and transparency, they contribute to a healthy economy. Their role in nurturing successful corporations is also outstanding.
An income-tax dept investigation found that 90,000 salaried people claimed FAKE deductions🔻
It cost the income-tax exchequer over ₹1,070 crores🤯
But this time, the income-tax won't let anyone claim fake deductions
Here are some changes in this year's ITR utilities🧵👇
Kind Attention Taxpayers!
CBDT has decided to extend the due date of filing of ITRs, which are due for filing by 31st July 2025, to 15th September 2025
This extension will provide more time due to significant revisions in ITR forms, system development needs, and TDS credit reflections. This ensures a smoother and more accurate filing experience for everyone. Formal notification will follow.
After that disappointing trailer, the only reason I wanted to watch the film was because of this song. And now you're saying it isn't in #Indian2 and will be used in Part 3? @shankarshanmugh 🤡🤡🤡 #Bharateeyudu2
పవన్ కళ్యాణ్ గారి పై వచ్చిన నాకు బాగా నచ్చిన ఈ వీడియో మీకోసం... చాలా సమాధానాలు ఇందులో ఉన్నాయి.. ఈ వీడియో ఎడిట్ చేసిన వారు పవన్ కళ్యాణ్ కి ఎంతో పెద్ద అభిమాని ఐతే గానీ చెయ్యలేరు... ఆ ఎడిటర్ కి నా ధన్యవాదాలు 🙏
#DeputyCM#pawanKalyan#AndhraPradesh#Janasena
#IdlebrainGiveaway#Salaar
60 BMS gift cards worth ₹500 each are being given away by https://t.co/vedMRYqEYW on the occasion of #Salaar release!
Reply+Repost this post and 60 winners will get a BookMyShow gift card worth ₹500 each!