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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...

June 9, 2026 1155 Views 0 comment Print

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. ...

June 9, 2026 19611 Views 0 comment Print

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...

June 9, 2026 45978 Views 1 comment Print

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...

June 9, 2026 41673 Views 0 comment Print

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...

June 9, 2026 14577 Views 0 comment Print


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...

June 8, 2026 162 Views 0 comment Print

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 ...

June 6, 2026 210 Views 0 comment Print

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...

June 6, 2026 237 Views 0 comment Print

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 ...

June 6, 2026 180 Views 0 comment Print

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...

June 6, 2026 5998 Views 0 comment Print


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...

June 9, 2026 48 Views 0 comment Print

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...

June 9, 2026 51 Views 0 comment Print

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...

June 9, 2026 51 Views 0 comment Print

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 ...

June 8, 2026 156 Views 0 comment Print

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...

June 8, 2026 138 Views 0 comment Print


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...

June 9, 2026 36 Views 0 comment Print

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...

June 9, 2026 63 Views 0 comment Print

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...

June 9, 2026 33 Views 0 comment Print

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...

June 9, 2026 33 Views 0 comment Print

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...

June 9, 2026 39 Views 0 comment Print


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.

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