Latest Articles
LLP Compliance – Form 11 – Annual Return of LLP
Corporate Law : The issue highlights mandatory annual return filing for LLPs. The key takeaway is that delayed filing attracts heavy daily penalti...
Appeal In Goods And Services Tax Appellate Tribunal: E-Filing Portal & Law
Goods and Services Tax : The framework enables wider access to GST appeals through online filing. However, procedural and portal limitations may hinder smo...
Make in India Certificate: Eligibility & Benefits
Corporate Law : The issue explains how businesses qualify as local suppliers under procurement rules. The key takeaway is that proper local conten...
TDS under Income Tax Act 2025: New Sections, Same Rates, Zero Confusion
Income Tax : The new law reorganizes TDS provisions into simplified sections and forms. The key takeaway is that rates remain unchanged, but co...
ITC Cannot Be Denied for Supplier Default: Key GST Rulings Explained
Goods and Services Tax : Courts held that bona fide buyers cannot lose ITC due to supplier non-payment. The key takeaway is that liability cannot shift to ...
Latest News
IFSCA Registers First Foreign Family Investment Fund
Finance : IFSCA approved the first foreign family office fund under its 2025 regulations. The move strengthens GIFT IFSC’s position as a g...
DGFT Reforms to Speed Up Advance Authorisation
DGFT : Commerce Ministry reforms DGFT Norms Committees to improve disposal of Advance Authorisation applications and strengthen export fa...
ICSI Seeks Refiling Option for Annual Forms Under CCFS 2026
Company Law : ICSI highlights delays in marking defective forms by RoCs under CCFS 2026. It urges MCA to mandate time-bound processing or allow ...
ICSI Seeks Clarity on ADT-1 Filing for First Auditor & Casual Vacancy Appointments
Company Law : The representation points out that e-form design is imposing requirements beyond the law. It seeks alignment of system validations...
ICSI Request MCA to permit filing of Forms during liquidation process
Company Law : The issue is ambiguity in filing authority during liquidation. ICSI has requested clarity to enable liquidators to maintain statut...
Latest Judiciary
Exemption Allowed as Sponsorship and Royalty were Incidental to Charitable Purpose: ITAT Delhi
Income Tax : The Tribunal held that receipts from sponsorship and royalty were incidental to the promotion of sports. It ruled that absence of ...
No Service Tax on Transport Services Without Consignment Notes: CESTAT Allahabad
Service Tax : The Tribunal set aside the demand as time-barred and unsupported by evidence beyond third-party income tax data. It held that abse...
Gratuity Deduction Can’t Be Denied for ITR–Audit Report Mismatch Without Verification
Income Tax : The Tribunal addressed disallowance arising from mismatch between ITR and tax audit report. It held that inadvertent reporting err...
ITAT Remands ₹1.57 Cr Addition as NRE Deposit Evidence Not Properly Examined
Income Tax : The case involved additions for unexplained bank deposits where the assessee later produced authenticated NRE account evidence. IT...
SC dismissed SLP for Delay & Lack of Merit on Interconnect Charges Taxability
Income Tax : The Court dismissed the SLP due to a 390-day delay and absence of valid grounds. The ruling leaves intact the finding that interco...
Latest Notifications
No Mens Rea, No Misconduct: ICAI Clears CA in Alleged Bribery Trap Case
CA, CS, CMA : ICAI Board holds CA not guilty in bribery case, finds no proof of knowledge or intent; mere receipt of packet without mens rea not...
RBI Restricts INR Derivative Deals with Related Parties for Authorised Dealers
Fema / RBI : The update prohibits most INR derivative contracts with related entities. Only specific transactions such as cancellations and non...
CA Not Liable for Client’s Bogus Entries: ICAI Clears Accountant with No Certification Role
CA, CS, CMA : The issue involved allegations of assisting in bogus accounting entries. The ruling held that without certification or statutory r...
Suspicion ≠ Proof: ICAI Clears CA in Alleged Multi-Bank Loan Fraud Case
CA, CS, CMA : Statements recorded under Section 161 Cr.P.C. were held insufficient without corroborative evidence. The Board stressed admissibil...
Delayed Retraction Backfires: ICAI Finds CA Guilty in Bogus Donation Tax Evasion Scheme
CA, CS, CMA : The case involved alleged facilitation of tax evasion through fake political donations. The Board held that failure to timely retr...
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FAQs
Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, timeline, and conditions.
The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with flexible usage and repatriation of funds.
The scheme allows companies to clear pending filings at reduced cost. It provides a major compliance relief with only 10% additional fees payable.
IGST refunds are not available when exports are made under LUT/Bond without tax payment. The clarification highlights eligibility conditions and prevents incorrect refund claims.
The issue covers taxation and computation of house property income under the new law. The key takeaway is clarity on annual value, deductions, and exemptions.
