Latest Articles
Companies Compliance Facilitation Scheme, 2026: Professional Analysis & Compliance
Company Law : The scheme allows companies to regularize overdue ROC filings by paying only 10% of additional fees and grants immunity from penal...
MCA Launches Companies Compliance Facilitation Scheme 2026 for Defaulting Companies
Company Law : The scheme allows companies to clear pending filings by paying only 10% of additional fees. It offers limited-time relief from Rs....
Building an Import & Export Business from UAE in 2025: What Actually Matters
Corporate Law : The UAE’s success in trade stems from predictable infrastructure, digital customs, and strong banking systems that support scala...
RoDTEP “Haircut”: Why Strategy Must Now Outrun Subsidy
DGFT : DGFT’s sudden reduction in RoDTEP rates reduces FOB margins by 1–2%, compelling exporters to reassess pricing and cost strateg...
GST Pre-Deposit Refund with Interest Mandatory After Appeal Success: SC
Goods and Services Tax : The Court held that refund of statutory pre-deposit must be governed by Sections 107(6) and 115, not restricted by limitation unde...
Latest News
ICSI CS Results – December 2025 Session: Know Toppers & Pass Percentage
CA, CS, CMA : ICSI declared Professional and Executive Programme results for December 2025 with detailed pass percentages and rank holders. Onli...
Draft Income Tax Rule 38 – Conditions for Notification of Agricultural Extension Projects under section 47(1)(a) of the Act
Income Tax : Rule 38 of the Draft Income-tax Rules, 2026 prescribes mandatory audit, separate books of account, capped beneficiary receipts, an...
Draft Income Tax Rule 37 – Guidelines for approval of Agricultural Extension Project under section 47(1)(a) of the Act
Income Tax : Rule 37 of the Draft Income-tax Rules, 2026 lays down mandatory conditions, prior Ministry approval, minimum ₹25 lakh expenditur...
CS December 2025 Answer Books Available Online Without RTI – 45-Day Access Window Announced
CA, CS, CMA : Students can access evaluated CS December 2025 answer books through the official portal without filing RTI. Copies are available f...
Draft Income Tax Rule 36 – Guidelines for Notification of Affordable Housing Projects under Section 46(11)(d)(vii) and Semiconductor Wafer Fabrication Units under Section 46(11)(d)(xiii)
Income Tax : Rule 36 of the Draft Income-tax Rules, 2026 lays down detailed application procedures and eligibility conditions for affordable ho...
Latest Judiciary
SC Directs Quarterly Monitoring Committee Meetings to Address Welfare Issues of North-East Citizens
Corporate Law : The Supreme Court ordered the Monitoring Committee to meet at least once every three months to address welfare concerns of North-E...
150-Day Delay in GST Appeal Condoned Due to Accountant’s Failure, Subject to Extra 10% Deposit
Goods and Services Tax : The Madras High Court condoned a 150-day delay in filing a GST appeal, accepting the explanation of accountant’s lapse. The Cour...
Madras HC Revokes GST Cancellation Because Nil Returns Filed Due to Genuine Financial Hardship
Goods and Services Tax : The High Court revoked cancellation of GST registration and directed portal modifications to enable compliance. ITC utilization wa...
SC Dismisses Challenge to Arbitrator Appointment due to Parties’ Willingness to Arbitrate
Corporate Law : Despite arguable points raised, the Supreme Court declined interference since arbitration had commenced before a senior arbitrator...
Arbitration Clause Prevails Over General Jurisdiction Clause: Delhi HC
Corporate Law : The Court held that designation of New Delhi as the arbitration venue amounts to the juridical seat, conferring supervisory jurisd...
Latest Notifications
ROC Imposes ₹8 Lakh Penalty for Failure to Timely Appoint Independent Directors
Company Law : ROC Ahmedabad imposed penalties after finding prolonged non-compliance with mandatory Independent Director requirements. The rulin...
ROC Mumbai Imposes Penalty for Incorrect AGM Date Mentioned in AOC-4 Filing
Company Law : The ROC Mumbai imposed a ₹10,000 penalty under Section 450 after an incorrect AGM date was mentioned in Form AOC-4. The order cl...
Customs Notifies Revised Tariff Values for Gold, Silver & Edible Oils wef 25 Feb 2026
Custom Duty : The notification substitutes revised tariff value tables for edible oils, precious metals and areca nuts. While tables are formall...
Modalities for export of Wheat Flour and related products falling under HS Code 1101
DGFT : The government has notified procedures for export authorization of an additional 5 LMT of wheat flour under HS Code 1101. Applicat...
IFSCA Proposes ETP Regulations 2026 to Ensure Risk Controls and Fit & Proper Criteria
Finance : IFSCA released draft regulations mandating authorisation, net worth, risk management, and governance standards for Electronic Trad...
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FAQs
Budget 2026 retains existing income tax slabs but revises TCS, STT, and compliance timelines. The key takeaway is simplified procedures, rationalized penalties, and expanded exemptions across sectors.
ITC on bikes and scooters is blocked if used for passenger transport under Section 17(5)(a) of GST. Credit is allowed only in limited cases such as passenger transport, resale, or driving training.
The Enforcement Directorate levied penalties after finding misrepresentation in FDI receipts and improper reporting of foreign inward remittances. The adjudicating authority held that the contraventions were substantial and systemic under FEMA, 1999.
The Authority clarifies application process, operating models, service limits, and compliance obligations under the new GIC Regulations. The 2025 framework replaces the earlier 2020 regime.
RBI advises public to check NBFC registration & authorization before depositing. Verify on RBI website & be cautious of high returns.
