SUMIT CHOPRA & ASSOCIATES

Chartered Accountant

News & Events

05/01/2026 CBDT Chairman Urges Proactive Transition to New Direct Tax Framework 02/01/2026 RBI Reports Major Success in ₹2,000 Note Withdrawal; Only 1.59% Remain NFRA Strengthens Audit Framework with Second Practice Toolkit 01/01/2026 GST Shock Strains Centre’s Finances, Fiscal Deficit Balloons Rupee Stumbles at Start of 2026 Despite Strong Macroeconomic Buffers 30/12/2025 GST Clarification on Electronic Credit Reversal, Re-Claim & RCM Liability Statements ICAI Issues Guidance on Accounting of Enhanced Gratuity Liability 26/12/2025 India’s Foreign Exchange Reserves Rise to USD 693 Billion     Notification/Circulars 07/01/2026 Reserve Bank of India (All India Financial Institutions – Financial Statements: Presentation and Disclosures) – Amendment Directions, 2026 Reserve Bank of India (Non-Banking Financial Companies – Financial Statements: Presentation and Disclosures) Directions, Amendment Directions, 2026 Reserve Bank of India (Rural Co-operative Banks – Financial Statements: Presentation and Disclosures) – Amendment Directions, 2026 Reserve Bank of India (Urban Co-operative Banks – Financial Statements: Presentation and Disclosures) – Amendment Directions, 2026 Reserve Bank of India (Regional Rural Banks – Financial Statements: Presentation and Disclosures) – Amendment Directions, 2026 Reserve Bank of India (Local Area Banks – Financial Statements: Presentation and Disclosures) – Amendment Directions, 2026 Reserve Bank of India (Small Finance Banks – Financial Statements: Presentation and Disclosures) – Amendment Directions, 2026 Reserve Bank of India (Commercial Banks – Financial Statements: Presentation and Disclosures) – Second Amendment Directions, 2026 Reserve Bank of India (All India Financial Institutions – Credit Risk Management) – Amendment Directions, 2026 Reserve Bank of India (Non-Banking Financial Companies – Credit Risk Management) – Amendment Directions, 2026 Reserve Bank of India (Rural Co-operative Banks – Credit Risk Management) – Amendment Directions, 2026 Reserve Bank of India (Urban Co-operative Banks – Credit Risk Management) – Amendment Directions, 2026 Reserve Bank of India (Regional Rural Banks – Credit Risk Management) – Amendment Directions, 2026 Reserve Bank of India (Local Area Banks – Credit Risk Management) – Amendment Directions, 2026 Reserve Bank of India (Small Finance Banks – Credit Risk Management) – Amendment Directions, 2026 Reserve Bank of India (Commercial Banks – Credit Risk Management) – Amendment Directions, 2026 05/01/2026 Returns – Department of Payment and Settlement Systems – Submission in CIMS Returns – Department of Payment and Settlement Systems – Submission in CIMS Returns – Department of Payment and Settlement Systems – Submission in CIMS Reserve Bank of India (Non-Banking Financial Companies - Concentration Risk Management) Amendment Directions, 2026 Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms on Capital Adequacy) Amendment Directions, 2026 03/01/2026 Reserve Bank of India (Commercial Banks - Financial Statements: Presentation and Disclosures) Amendment Directions, 2026 30/12/2025 MCA Grants Time Extension for Annual Filings 29/12/2025 Reserve Bank of India (Commercial Banks – Know Your Customer) Amendment Directions, 2025 Reserve Bank of India (Small Finance Banks – Know Your Customer) Amendment Directions, 2025 Reserve Bank of India (Urban Co-operative Banks – Know Your Customer) Amendment Directions, 2025 Reserve Bank of India (Rural Co-operative Banks – Know Your Customer) Amendment Directions, 2025 Reserve Bank of India (Regional Rural Banks – Know Your Customer) Amendment Directions, 2025 Reserve Bank of India (Payments Banks – Know Your Customer) Amendment Directions, 2025 Reserve Bank of India (Non-Banking Financial Companies – Know Your Customer) Amendment Directions, 2025 Reserve Bank of India (Local Area Banks – Know Your Customer) Amendment Directions, 2025 Reserve Bank of India (Asset Reconstruction Companies – Know Your Customer) Amendment Directions, 2025 Reserve Bank of India (All India Financial Institutions – Know Your Customer) Amendment Directions, 2025 Government Extends Anti-Dumping Duty on PET Resin Imported from China PR

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