Latest Articles
Budget 2025-26: More Savings, Less Tax – Key Tax Changes
Income Tax : Union Budget 2025-26 offers tax relief for individuals, senior citizens, and small businesses while simplifying compliance and pro...
Section 87A Rebate and STCG Tax Rules for FY 2024-25
Income Tax : Know how rebate under Section 87A and short-term capital gains u/s 111A apply under the new tax regime for FY 2024-25, with exampl...
Market vs. Income-Based Valuation Models as per Ind AS 113 & IFRS 13
CA, CS, CMA : Explore how Ind AS 113 and IFRS 13 guide fair value using market-based and income-based valuation approaches with key differences ...
Ind AS 115 and IFRS 15: Performance Obligations in Contracts
CA, CS, CMA : Learn how to identify performance obligations under Ind AS 115 and IFRS 15 for accurate revenue recognition. Includes examples fro...
Limitations of Rule 39(1A) in CGST Rules for Transferring Input Tax Credit
Goods and Services Tax : Explore constraints of CGST Rule 39(1A) in transferring input tax credits, impacting working capital and compliance for businesses...
Latest News
UDIN for Bank Audit: Guidelines & Requirements
CA, CS, CMA : Understand UDIN requirements for Bank Audit including LFAR, Certificates, and Tax Audit Reports. Learn how to generate UDINs and c...
SEBI Reviews MII Director, KMP Appointment Rules
SEBI : SEBI reviews MII director appointments, cooling-off periods, and KMP selection, proposing changes for improved governance and inde...
SEBI Reviews AIF Rules, Expands Investment Options
SEBI : SEBI proposes amending AIF regulations to allow Category II funds to invest in listed debt rated 'A' or below, alongside unlisted ...
SEBI Proposes 1-Year Advance Fee for Investment Advisers & Analysts
SEBI : SEBI proposes 1-year advance fee for Investment Advisers/Analysts, applying fee rules only to individual/HUF clients, seeking Boar...
SEBI Proposes FPI Disclosure Threshold Increase
SEBI : SEBI proposes increasing FPI disclosure threshold from INR 25,000 crore to INR 50,000 crore, citing market turnover rise....
Latest Judiciary
Assessee Proves Investment Sourced from Family; Unexplained Investment Addition deleted
Income Tax : ITAT Ahmedabad allows the appeal in the case of Kshama Sanjay Tripathi, accepting family sources for property investment and dismi...
CIRP Under Section 9 Unjustified If Entire Debt Has Been Discharged: NCLAT Delhi
Company Law : NCLAT Delhi allows the appeal of Essar Oil & Gas, setting aside the NCLT Ahmedabad order admitting Section 9 application filed by ...
Section 56(2)(x) inapplicable to flat brought prior to 01.04.2017: ITAT Kolkata
Income Tax : ITAT Kolkata held that provisions of section 56(2)(x) of the Income Tax Act were inserted by Finance Act, 2017 and effective only ...
Deduction of S.80P(2)(d) was allowed on interest income earned from Cooperative Banks and Savings Accounts
Income Tax : Assessee had appealed against the order dated 12.06.2024 and 18.06.2024 passed by Commissioner of Income Tax (Appeals) [CIT(A)] fo...
ITAT Mumbai Dismisses Appeal as Assessee Opts for Vivad Se Vishwas
Income Tax : ITAT Mumbai dismisses the appeal of Pesticides Manufacturers and Formulators Association of India as the assessee applies for sett...
Latest Notifications
SEBI Guidance: Takeover Exemption for Amalgamation
SEBI : SEBI provides interpretive guidance on Takeover Regulations, exempting share acquisition via amalgamation from open offer obligati...
SEBI Clarifies Compliance Officer Hierarchy Rule
SEBI : SEBI clarifies that compliance officers in listed firms must be placed one level below MD or Whole-time Directors, per LODR Regula...
SEBI Clarifies Compliance Officer Level Under LODR
SEBI : SEBI issues guidance on Compliance Officer position under LODR Regulations, clarifying hierarchical level requirements for listed ...
DPIIT Revises IEM Eligibility for Large Industries
Corporate Law : From April 1, 2025, enterprises with investment over ₹125 Cr or turnover above ₹500 Cr can apply for IEM acknowledgment under ...
SEBI Releases Findings of Financial Sector Review
SEBI : SEBI shares results of India's 2024 Financial Sector Assessment Program in coordination with IMF and World Bank, highlighting stab...
Latest Downloads
FAQs
Understand UDIN requirements for Bank Audit including LFAR, Certificates, and Tax Audit Reports. Learn how to generate UDINs and comply with audit regulations efficiently.
Did you know that failing to disclose your foreign assets in your Income Tax Return (ITR) can lead to penalties of up to ₹10 lakh per year? Understanding the intricacies of reporting foreign income and assets is crucial for every Indian resident to ensure compliance and avoid hefty fines.
RBI clarifies bank deposit rules: interest-free accounts, reinvestments, staff benefits, premature withdrawal penalties, and account eligibility.
RBI clarifies pension payment rules: joint accounts, life certificates, delayed payments, and withdrawal procedures for incapacitated pensioners.
RBI issues FAQs clarifying 2023 directions on commercial bank investment portfolio classification, valuation, and operations.
