Latest Articles
Understanding volatility in stock prices and ways to manage it
Finance : Learn about stock price volatility, its causes, and effective strategies like diversification, hedging, and informed investing to ...
Section 16(2)(c) Defending Input Tax Credit Claims for Bona Fide Purchases
Goods and Services Tax : Learn how case laws and judicial principles protect bona fide buyers from ITC denial under Section 16(2)(c) of CGST. Explore remed...
DRC-03A – A chance to adjust your unresolved GST demands
Goods and Services Tax : Learn how Form DRC-03A resolves GST demands paid via DRC-03 but still reflected as outstanding. Simplify adjustments and avoid dup...
Collector must Independently Assess ACB Prosecution Requests: Rajasthan HC
Corporate Law : Rajasthan HC rules that the Collector must independently assess prosecution sanctions, not just copy Anti-Corruption Bureau’s dr...
Compulsory Registration Scheme (CRS) of Electronic Products
Corporate Law : Learn about the BIS Compulsory Registration Scheme (CRS) for electronic products in India, including registration steps, eligibili...
Latest News
CBDT Launches Awareness Campaign on Foreign Asset Disclosure
Corporate Law : CBDT starts a campaign for AY 2024-25 to assist taxpayers in accurately reporting foreign assets and income in ITR under Black Mon...
IBBI Proposes Amendments to Liquidation Regulations
Corporate Law : IBBI discusses amendments to improve liquidation process transparency and fund management under the Insolvency and Bankruptcy Code...
SEBI Reviews SME Listing Framework and Governance Rules
SEBI : SEBI's consultation paper seeks feedback on improving the SME listing framework and corporate governance provisions to enhance SME...
GSTR-2B Duplicate Issue Identified: GSTN Working on Fix
Goods and Services Tax : GSTN alerts taxpayers about duplicate invoices in GSTR-2B for September and October 2024. Resolution is underway; QRMP taxpayers a...
Understanding CRS & FATCA for Foreign Income Reporting
Income Tax : Learn how CRS and FATCA enhance tax transparency, requiring foreign asset disclosure in India. Avoid penalties with complete, accu...
Latest Judiciary
Amount received in advance leviable to tax in the year of its collection: Madras HC
Income Tax : The First Appellate authority further directed the assessing authority to reopen the assessment proceedings for the A.Y. 2010-11 a...
Direction of reopening by appellate authority without any material untenable: Kerala HC
Income Tax : The First Appellate authority further directed the assessing authority to reopen the assessment proceedings for the A.Y. 2010-11 a...
Consequential order passed beyond the terms of remand by Commissioner u/s. 263 not justified
Income Tax : The First Appellate Authority, therefore, allowed the appeal of the appellant/assessee by relying on the remand report and finding...
Seized goods liable to be returned back due to non-issuance of notice u/s. 124 of the Customs Act
Custom Duty : Delhi High Court held that in terms of Section 110(2) of the Customs Act, the seized goods are required to be returned, if a notic...
Penalty u/s. 271C set aside as penalty order barred by limitation: Delhi HC
Income Tax : Delhi High Court held that reference by AO to JCIT regarding non-deduction of TDS was first step for initiation of action for impo...
Latest Notifications
Implementation of AES Encryption in ONMAGS Application
Finance : NPCI mandates AES-GCM encryption for ONMAGS users by January 2025, enhancing data security. Non-compliance risks service discontin...
New Transaction and Product Codes for DBT Transactions
Finance : NPCI introduces new transaction codes for DBT under NACH. Changes apply to APBS and ACH transactions with updates effective Novemb...
RTI Act: Respondent’s Obligation Limited to Information ‘Held or Controlled’ by Public Authority
Corporate Law : An RTI appeal challenging IBBI's refusal to disclose information under Sections 8(1)(d) and (e) of the RTI Act was dismissed....
CCI Imposes ₹213.14 Crore Penalty on WhatsApp Meta for Privacy Violations
Corporate Law : CCI penalizes Meta ₹213.14 crore for abusing dominance through WhatsApp's 2021 Privacy Policy update. Cease-and-desist orders an...
Single filing system through API-based integration between Stock Exchanges
SEBI : National Stock Exchange extends single filing system for listed entities to include Share Capital Audit Report, effective November...
Latest Downloads
FAQs
Learn how Form DRC-03A resolves GST demands paid via DRC-03 but still reflected as outstanding. Simplify adjustments and avoid duplicate notices effectively.
Learn how India’s Invoice Management System (IMS) streamlines Input Tax Credit (ITC) tracking and helps reduce tax discrepancies for businesses.
RBI’s guidelines on Default Loss Guarantee (DLG) in digital lending aim to ensure risk management and stability in lending operations.
Learn about Form 12BAA, introduced for employers to credit TCS for employees, ensuring accurate TDS calculation and easing tax compliance.
Understand Section 80C deductions of the Income Tax Act, eligible investments, and the limits for individuals and HUFs. Reduce tax liability with the right investments.