We welcome you to the Sixty-eighth edition of DevMantra Times for the month of November 2026. In this edition, we bring you a curated overview of the latest legal, regulatory, economic, and business developments shaping India’s evolving corporate and financial landscape.
This month’s edition highlights significant developments across India’s financial and economic ecosystem. The latest developments across the tax, banking, regulatory and startup sectors highlight significant changes in India's business and financial landscape. ICICI Bank has received a ₹229.14 crore GST show cause notice relating to minimum account balance services, while the CBDT has introduced Form 173A for eligible investors claiming specified tax exemptions on interest and capital gains from Government securities. The Income-Tax Department is also expected to issue notices concerning undisclosed foreign assets, alongside the FAST-DS voluntary disclosure initiative. Meanwhile, ICAI is preparing audit guidance for multi-state cooperative societies, and the RBI has finalised revised leverage ratio requirements for banks, effective 1 April 2027.
For businesses working against August deadlines, the issue closes with the full tax compliance calendar covering GST returns, TDS deposits, and the ITR-3/ITR-4 due date for the month. Read the full edition below, curated by Dev Mantra Financial Services in partnership with N. Tatia & Associates.
DEV MANTRA SERVICES
Finance and compliance outsourcing - GST, direct tax, and the Income-tax Act, 2025 transition managed end-to-end.
Corporate governance advisory - keeping board structures and disclosures ahead of this month's SEBI, IFSCA, and MCA updates.
