Latest Articles
J&K&L HC Quashes Preventive Detention of Nazir Ahmad Ronga
Corporate Law : The J&K&L HC quashed Nazir Ahmad Ronga’s detention under the Public Safety Act, citing vague allegations and lack of evidence, s...
Unsigned & DIN-Less GST Orders are Invalid: AP HC Ruling
Goods and Services Tax : AP High Court invalidates unsigned GST orders without DIN, citing CBIC guidelines. Learn key legal takeaways and compliance requir...
SEBI (Informal Guidance) Scheme 2003: Key Provisions
SEBI : Understand SEBI Informal Guidance Scheme 2003, its application process, eligibility, response time, confidentiality, and key exclu...
Key Tax Tasks to Complete Before March 31, 2025
Income Tax : Ensure tax compliance before March 31, 2025. Key tasks include filing returns, verifying TDS, updating accounts, and making necess...
Key Income Tax Changes for Partnership Firms Starting April 1, 2025
Income Tax : Partnership firms must comply with new tax rules from April 1, 2025. Changes include higher partner remuneration limits and mandat...
Latest News
Direct Tax & Advance Tax Collections for F.Y. 2024-25 as on 16.03.2025
Income Tax : India's direct tax collections for FY 2024-25 show a 13.13% net growth, with gross collections up by 16.15% and significant gains ...
CBDT Clarifies Guidance on Principal Purpose Test (PPT)
Income Tax : CBDT issues clarification on Circular 01/2025, stating it applies only to the Principal Purpose Test in certain DTAAs and does not...
Consolidated IFSCA (Registration of Factors and Registration of Assignment of Receivables) Regulations
Finance : Overview of IFSC Authority's 2024 regulations on factoring, registration of receivables, and compliance requirements for financial...
Odisha Govt Clarifies GST Exemption on compensation for Land Acquisition
Goods and Services Tax : Odisha Finance Department clarifies that GST does not apply to compensation for land and building acquisition, advising government...
Provisional List of Audit Firms Not Filing NFRA-2 for 2023-24
Company Law : Find the provisional list of audit firms of listed companies that haven't filed NFRA-2 forms for the reporting period 2023-24. Upd...
Latest Judiciary
Refund of statutory pre-deposit cannot be rejected on ground of time barred
Goods and Services Tax : Jharkhand High Court held that rejection of refund of statutory pre-deposit merely because refund application was filed beyond sec...
Refund of period prior to 13.7.2022 not affected by notification no.9/2022-Central Tax: Gujarat HC
Goods and Services Tax : The petitioner is inter-alia, engaged in the manufacture and sale of edible oil. According to the petitioner, the rate of tax on o...
ITAT Ahmedabad Allows Deduction of GST Interest & Late Fees
Income Tax : ITAT Ahmedabad upholds deduction of GST interest & late fees, ruling they are compensatory, not penal. Read the key observations &...
Reassessment Beyond 10-Year Limit: HC Clarifies Scope of Finance Act, 2017 Amendments
Income Tax : Madras High Court rules in A.R. Safiullah Vs ACIT, quashing a tax notice under Section 153A for AY 2009-10, citing statutory limit...
Section 271(1)(c) Penalty Invalid if AO Omits Specific Reason for Imposition
Income Tax : ITAT Visakhapatnam sets aside penalty on Malla Appalaraju under Section 271(1)(c) due to a defective notice, ruling it void ab ini...
Latest Notifications
India Imposes Anti-Dumping Duty on Chinese Vacuum Flasks
Custom Duty : India imposes a five-year anti-dumping duty on vacuum insulated flasks from China to protect domestic manufacturers from underpric...
India Imposes Provisional Anti-Dumping Duty on Aluminium Foil
Custom Duty : India imposes a six-month provisional anti-dumping duty on aluminium foil imports from China to address underpriced imports and pr...
CBDT FAQs on Revised Guidelines for Compounding Offences
Income Tax : CBDT issues FAQs on revised guidelines for compounding offences under Income Tax Act, 1961. Covers filing procedures, fees, compet...
RBI Guidelines for Annual Government Account Closing 2024-25
Fema / RBI : RBI directs agency banks on government account closure for FY 2024-25, with extended deadlines for transactions and special cleari...
RBI Allows INR-MVR Settlement for Indo-Maldives Trade
Fema / RBI : RBI permits Indo-Maldives trade settlements in Indian Rupees (INR) and Maldivian Rufiyaa (MVR) alongside the ACU mechanism, effect...
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FAQs
CBDT issues FAQs on revised guidelines for compounding offences under Income Tax Act, 1961. Covers filing procedures, fees, competent authority, and application terms.
Learn about advance tax, who needs to pay it, due dates, payment methods, penalties, and exceptions. Understand advance tax installments and how to check payment status.
Explore 151 FAQs on Finance Bill 2025, covering tax provisions, IFSC benefits, TDS/TCS, transfer pricing, and more for informed financial planning post-Budget 2025.
Understand key changes in proposed Income Tax Bill 2025. This FAQ covers definitions, tax year, non-profits, exemptions, salary, house property and business income provisions.
Learn about the simplification, stakeholder consultation, and structural reforms in the new Income-Tax Bill aimed at reducing redundancy and enhancing clarity.
