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Accounting And Audit 6 September 2026

ICAI Fine, Audit Deadline, SBI Rule

The Institute of Chartered Accountants of India fined a chartered accountant ₹50,000 for conducting three tax audits without a valid certificate, while the income‑tax department raised the mandatory audit threshold to ₹10 crore and set a 31 October filing deadline. Meanwhile, State Bank of India announced new ATM withdrawal charges, and the MCA extended the CCFS‑2026 filing deadline to 15 September. Additional corporate and regulatory updates include director reappointment at Surbhi Industries, new statutory auditors for India Infraspace, a SEBI‑ESMA MoU on CCPs, over 7.8 crore ITRs filed for AY 2026‑27, and the start of the CA Foundation exam.
  • ICAI disciplinary action: ICAI fined a CA ₹50,000 for conducting three tax audits without a valid Certificate of Practice. Read notification
  • Tax audit threshold: Income Tax Department raised the mandatory audit limit to ₹10 crore and set the filing deadline for audits to 31 Oct 2026. Details
  • SBI ATM withdrawal changes: SBI announced new cash withdrawal charges effective Oct 2026. Full story
  • MCA CCFS deadline: MCA pushed the CCFS‑2026 filing deadline to 15 Sept 2026. Read more
  • Corporate updates: Surbhi Industries reappointed a director and set AGM for September; India Infraspace appointed Mukeshkumar Jain & Co as statutory auditors. Surbhi Industries India Infraspace
  • Regulatory cooperation: SEBI and ESMA signed an MoU on CCP information exchange. Details
  • ITR filings: Over 7.8 crore returns filed for AY 2026‑27 by 31 Aug, with audit threshold Rs 50 lakh for professionals. Source
  • CA Foundation exam: Exam starts tomorrow with ICAI guidelines. Info

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