Latest Articles
Unfair Limitation on ITC for Capital Goods: Why It Hurts Real Businesses
Goods and Services Tax : Time limits on GST input tax credit for capital goods hurt genuine business operations and distort investment decisions. Here's wh...
Sleep vs Rest: What’s More Important for Your Well-being?
CA, CS, CMA : Explore the difference between sleep and rest, and how focusing on quality rest can improve productivity and well-being, as explai...
SEBI Regulations on Fraudulent and Unfair Trade Practices
SEBI : Overview of SEBI's regulations prohibiting fraud and unfair trade in securities, including key definitions, prohibited activities,...
11 Key Skills Every CA Student Should Develop
CA, CS, CMA : Explore 11 essential skills for CA students to improve exam preparation, boost practical knowledge, and enhance career readiness i...
FAQs on Reporting Foreign Income and Assets in Your ITR
Income Tax : Did you know that failing to disclose your foreign assets in your Income Tax Return (ITR) can lead to penalties of up to ₹10 lak...
Latest News
SEBI: Draft Investor Charter for KYC Registration Agencies (KRAs)
SEBI : SEBI seeks public comments on draft Investor Charter for KRAs, detailing services, rights, and grievance redressal. Submit feedbac...
CA Final September 2025 Examinations: Eligibility Requirements
CA, CS, CMA : ICAI outlines eligibility for Sept 2025 CA Final exams: Articleship, AICITSS, and Self-Paced Online Module completion requirements...
CA Final January 2026 Examinations: Eligibility Requirements
CA, CS, CMA : ICAI outlines eligibility for Jan 2026 CA Final exams: Articleship, AICITSS, and Self-Paced Online Module requirements detailed....
Govt Strengthened IBC with Six Amendments and 122 Regulatory reforms
Corporate Law : India's IBC shows significant recovery rates. 8,000+ CIRPs initiated, with 3,485 debtors rescued. Learn about amendments & reforms...
Penalties for CSR Non-Compliance Under Companies Act
Company Law : Government penalized companies for CSR non-compliance under the Companies Act. Details of penalties, CSR spending, and fund transf...
Latest Judiciary
Central Excise Valuation Must Follow Its Own Law, Income Tax Provisions Not a Basis for Reassessment
Excise Duty : CESTAT rules definitions and valuation mechanisms under central excise law must be applied strictly in accordance with its own sta...
SC Allows Fork Media’s Plea, Seeks Clarity on Cenvat Credit
Service Tax : Supreme Court allows Fork Media's exemption plea, seeks clarity on Cenvat Credit usage rejected earlier by High Court due to lack ...
Madras HC Upholds RBI’s Net Owned Fund (NOF) Rules for NBFCs
Fema / RBI : Madras High Court upholds RBI's Net Owned Fund (NOF) rules for NBFCs, affirming compliance requirements and rejecting challenges t...
Co-Op Credit Society Eligible for 80P(2)(a)(i) Deduction on Total Income, Including Bank Interest: ITAT Mumbai
Income Tax : ITAT Mumbai allows 80P(2)(a)(i) deduction for cooperative credit society, including interest from cooperative banks, reversing low...
Capital Gains on Mutual Fund Units Not Taxable in India for Singapore Resident Under DTAA: ITAT Mumbai
Income Tax : ITAT Mumbai allows tax exemption on capital gains for NRI under India-Singapore DTAA, rejecting AO's classification of mutual fund...
Latest Notifications
Amendments in TDS Deductions Under Finance Act 2025
Income Tax : Changes in TDS deductions under Finance Act 2025 include revised thresholds for Sections 194A, 194H, and 80CCA. Effective from Apr...
SEBI Sets Up PaRRVA for Risk-Return Verification
SEBI : SEBI details PaRRVA framework for CRAs & SEs to verify past performance claims by IAs, RAs & algo providers. Covers rules, eligibi...
SEBI releases Standardized MII Audit Report Format
SEBI : SEBI mandates a standardized format for System and Network audit reports for MIIs, enhancing data quality and compliance monitorin...
IFSCA Framework for Global/Regional Corporate Treasury Centres
Finance : IFSCA revises framework for Global/Regional Corporate Treasury Centres in IFSCs, easing business and aligning with global practice...
Notification No. 23/2025-Customs, Dated: 4th April, 2025
Custom Duty : India's Finance Ministry amends import duties, removing specific rate under Customs Notification 50/2017. Details of the change....
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FAQs
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.
Learn about SEZ provisions for IFSC units, mandatory approvals, and the role of IFSCA Administrator under SEZ Act for unified regulatory compliance.
