Latest Articles
Union Budget 2025-26: Economic Growth & Direct Tax Reforms
Income Tax : Budget 2025-26 focuses on growth, tax relief, and investment. GDP projected at 6.3-6.8%, new tax slabs ease burden on middle class...
A Solution to Menace of Fake invoices causing huge demand under GST
Goods and Services Tax : Understand the GST fake invoice issue, tax demand, penalties, and possible solutions, including appeals, payments, and expected am...
Representation of Corporations at Meetings: Section 113 Companies Act
Company Law : Learn about Section 113 of the Companies Act, 2013, which governs corporate representation at company and creditor meetings, inclu...
Analysis of Notifications and Circulars for Week ending 9th February 2025
CA, CS, CMA : Key regulatory updates from Income Tax, GST, SEBI, RBI, and DGFT for the week ending Feb 9, 2025, covering tax amendments, complia...
New Income Tax Bill 2025: Streamlining India’s Tax System for Modern Times
Income Tax : Explore the New Tax Bill 2025, replacing the Income Tax Act of 1961. Learn about its simplified structure, global alignment, and c...
Latest News
MSME Ministry Information held in fiduciary capacity not disclosable under RTI: IBBI
Corporate Law : IBBI denies RTI appeal citing fiduciary exemption under Section 8(1)(e). The requested MSME-related information was withheld. Appe...
GST Taxpayers, Stay Alert: Protect Against GST Phishing Scams
Goods and Services Tax : Avoid GST phishing scams. GSTN never asks for personal details via calls, emails, or SMS. Verify sources and avoid clicking on unt...
SEBI Seeks Public Input on Unclaimed Client Funds Policy
SEBI : SEBI proposes a mechanism to manage unclaimed client funds and securities with Trading Members. Public comments invited until Marc...
ICAI Revises Guidelines for CA Firm Mergers and Demergers
CA, CS, CMA : ICAI issues updated Merger and Demerger Guidelines 2024 to streamline processes for CA firms, encouraging strategic mergers. Effec...
ICAI Announces Live Virtual Classes for CA Foundation
CA, CS, CMA : ICAI to begin live virtual classes from Feb 13 for CA Foundation May & Sept 2025 exams. Interactive sessions with recorded lecture...
Latest Judiciary
Recovery of income tax arrears from property already auctioned by sales tax authority untenable
Income Tax : Kerala High Court held that recovery of tax arrears by income tax department from property that was already auctioned by Kerala Ge...
License fees paid to acquire goodwill is allowable as expenditure u/s. 37
Income Tax : Delhi High Court held that license fees paid to M/s. Remfry & Sagar for use goodwill vested in the company is allowable as deducti...
One-sided agreements are covered by ‘unfair trade practice’ definition: Supreme Court
Corporate Law : Held that while considering the term “unfair trade practice”, this Court has found that such one-sided Agreements, as in the p...
Addition from bogus LTCG from penny stock upheld: ITAT Delhi
Income Tax : ITAT Delhi held that Long Term Capital Gain [LTCG] earned from transaction in penny stock is liable for addition. Accordingly, app...
Adjustment of disallowance of deduction u/s. 80P(2)(d) is not permissible u/s. 143(1)
Income Tax : ITAT Mumbai held that adjustment of disallowance of deduction u/s 80P(2)(d) is not permissible adjustment under section 143(1) of ...
Latest Notifications
Penalty Imposed on Arisebhavishya India Nidhi Ltd for Section 12 Non-Compliance
Company Law : The ROC, Punjab & Chandigarh, imposed penalties on Arisebhavishya India Mutual Benefit Nidhi Ltd for failing to maintain a registe...
RTI Act mandated Access to Records, Not Creation of Documents
Corporate Law : IBBI’s First Appellate Authority reviews RTI appeals by Kairav Anil Trivedi, addressing disclosure requests under the RTI Act. K...
IFSCA Updates Eligibility for Remote Trading Participants on Stock Exchanges
Finance : IFSCA revises eligibility norms for Remote Trading Participants in IFSC stock exchanges, addressing market feedback and modifying ...
Govt released Income-Tax Bill, 2025 (Download)
Income Tax : The Indian government is set to introduce the new Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This comprehensive...
IBBI Mandates Timely Reporting of Insolvency Assignments
Corporate Law : IBBI updates reporting rules for insolvency professionals, requiring timely assignment updates on its portal for CIRP, liquidation...
Latest Downloads
FAQs
Explore how new tax rebate under Section 87A allows individuals to avoid tax on incomes up to Rs 12 lakh. Learn through illustrations and FAQs about eligibility, calculations and impacts on special rate incomes.
Learn about IFSCA regulations enabling foreign universities to set up branches in GIFT IFSC. Details include eligibility, fees, courses, and compliance.
Learn the TDS process for NRI property sales in India, including rates, forms, and filing requirements. Ensure smooth compliance and timely refunds with our guide.
Key amendments in Chapter XIV-B on block assessment, undisclosed income, and time limits under Finance Bill 2025.
Understanding the rationalization of the time limit for retention of seized books of account under Section 132(8) in Finance Bill 2025.