Latest Articles
FEMA Rule Amended Twice in 7 Months Now Governs GST Refunds & Export Benefits
Fema / RBI : The article explains RBI’s decision to reduce the export proceeds realization period from 15 months to 9 months and its impact o...
Comprehensive Guide to Maintenance of Books of Accounts
Income Tax : Section 44AA mandates maintenance of books by specified professionals and eligible businesses based on income or turnover limits. ...
Taxability of concessional or interest-free loan perquisite by Employee
Income Tax : Employer-provided interest-free or concessional loans are taxable as salary perquisites due to the financial benefit enjoyed by em...
Taxation of Employee Stock Option Plan (ESOP)
Income Tax : ESOPs are taxed as salary perquisites on allotment based on FMV at exercise. Eligible start-up employees can defer TDS and tax pay...
Updated Return of Income: Rules, Eligibility and Filing Process
Income Tax : Taxpayers can file updated returns within 48 months of the assessment year by paying additional tax. The provision promotes volunt...
Latest News
Pension Reforms in the Era of Digitalisation: Balancing Flexibility and Assurance
Corporate Law : The address highlights how Aadhaar, UPI, eNPS, and other digital tools are transforming pension enrolment and service delivery. It...
Govt Announces Measures to Deepen G-Sec Market & Boost FPI in Equities
Finance : The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 ...
Haryana Tops GST Growth Rankings Due to Strong Compliance & Enforcement Drive
Goods and Services Tax : Haryana recorded the highest State GST growth rate in India at 22% in May 2026. The achievement is attributed to strong tax admini...
CCPA Imposes Penalties as Dark Patterns Manipulated Consumer Consent
Corporate Law : CCPA fined digital platforms for using interface designs that influenced consumer choices without clear and informed consent. The ...
Income Tax Superintendent Caught by CBI in Bribery Case Linked to PAN Deletion
Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...
Latest Judiciary
Homebuyer’s Anti-Profiteering Complaint Rejected as Project Was Entirely in GST Regime
Goods and Services Tax : GSTAT accepted the DGAP finding that the ratio of credit availed to purchase value declined after GST implementation. Since no add...
Lifestyle Liable for Profiteering as Base Prices Increased After GST Rate Reduction
Goods and Services Tax : GSTAT held that the retailer failed to pass on the benefit of GST reduction from 28% to 18% through commensurate price cuts. The T...
Airport Taxi Tender Winner Not Enjoys Exclusive Rights, CCI Closes Antitrust Case
Corporate Law : The dispute centred on whether the airport taxi operator had exclusive control over transportation services. The Commission relied...
No Section 271D Penalty if No Assessment Was Made & No Satisfaction Was Recorded: ITAT Delhi
Income Tax : ITAT Delhi quashed a ₹65 lakh penalty under Section 271D after finding that no assessment was made for the relevant year and no ...
Bluetooth Headsets falls Under Heading 8517 as They Transmit & Receive Voice & Data
Custom Duty : CESTAT examined whether Bluetooth headsets should be treated as communication devices or ordinary headphones. It held that devices...
Latest Notifications
RBI (Regional Rural Banks Cash Reserve Ratio & Statutory Liquidity Ratio) Second Amendment Directions, 2026
Fema / RBI : RBI has exempted eligible FCNR(B) deposits from CRR and SLR requirements until September 30, 2026. The measure is aimed at attract...
RBI (Rural Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Second Amendment Directions, 2026
Fema / RBI : RBI has exempted fresh FCNR(B) deposits mobilized between June 8 and September 30, 2026 from CRR and SLR requirements. The move ai...
RBI (Urban Co-operative Banks Cash Reserve Ratio and statutory Liquidity Ratio) Second Amendment Directions, 2026
Fema / RBI : RBI has exempted eligible FCNR(B) deposits from CRR and SLR requirements for urban co-operative banks. The move aims to attract fo...
RBI (Small Finance Banks Cash Reserve Ratio and Statutory Liquidity Ratio) Second Amendment Directions, 2026
Fema / RBI : RBI has granted CRR and SLR exemption for eligible FCNR(B) deposits mobilized between June 8 and September 30, 2026. The move is a...
RBI (Commercial Banks Cash Reserve Ratio & Statutory Liquidity Ratio) Second Amendment Directions, 2026
Fema / RBI : RBI has granted CRR and SLR exemption on eligible FCNR(B) deposits mobilized until September 30, 2026. The move is aimed at attrac...
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FAQs
This FAQ examines the statutory authorities empowered to convene an Extraordinary General Meeting under the Companies Act, 2013. It explains when the Board, requisitionists, members, directors, or NCLT can validly step in to ensure corporate governance continues.
While permitting extensive investigations, the Court has clarified that allegations alone do not establish criminal liability. Any determination of guilt must be made through the judicial process after evidence is examined.
The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 April 2026. The reform aims to attract stable long-term foreign investment and make India’s debt market globally competitive.
The proposed ordinance exempts FIIs from tax on interest income and capital gains from Government Securities. The measure aims to increase foreign participation in India’s sovereign debt market and reduce tax-related investment barriers.
The Government proposes exempting BIS from tax on interest income and capital gains arising from Government Securities. The move aims to encourage future BIS investments and enhance India’s attractiveness for sovereign debt investments.
