Latest Articles
Private Company With No Operations Faced ₹45 Lakh Compliance Exposure
Company Law : A dormant company faced massive compliance costs due to years of non-filing. The case highlights that inactivity does not eliminat...
Intermediary Services under GST: Retrospective Impact of K.C. Overseas & Finance Act 2026?
Goods and Services Tax : The omission of Section 13(8)(b) applies only prospectively from 30 March 2026, as no saving clause exists. Past transactions and ...
The “Corporate Mitra” Shift: A Threat or an Evolution for CAs, CSs and CMAs?
CA, CS, CMA : The reform shifts routine compliance to para-professionals, creating fee pressure and client shifts. Professionals must move towar...
Concise Manual for Non-Profit Organizations under Income Tax Act 2025
Income Tax : The new law introduces a structured framework for NPO registration, income application, and taxation. It simplifies compliance but...
GSTAT Appeal Filing: A Practitioner’s Complete Step-by-Step Guide
Goods and Services Tax : GSTAT bridges a long-standing gap by providing a dedicated appellate forum, eliminating the need to directly approach High Courts....
Latest News
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...
Delhi CGST Busts ₹8 Cr Fake ITC; Company Director Arrested
Goods and Services Tax : Authorities uncovered fraudulent ITC claims exceeding ₹8 crore without actual supply of goods. The ruling highlights that ITC is...
CAAS Moves Supreme Court on ITAT Vacancies
Income Tax : The issue concerns massive backlog in ITAT caused by unfilled positions and delayed appointments. The intervention highlights that...
Latest Judiciary
SCN Stayed as Allahabad HC Grants Relief in IGST Refund Dispute Due to Omitted Rule 96(10)
Goods and Services Tax : The issue was whether a show cause notice could be issued under a rule already omitted. The court stayed the notice, holding that ...
Bombay Quashed Section 148 Notice Due to Issuance by Wrong Authority
Income Tax : The issue was whether a reassessment notice issued by a jurisdictional officer instead of a faceless officer is valid. The Court h...
CIRP Initiated as Financial Debt and Default Established with Documentary Evidence: NCLT Mumbai
Corporate Law : Bank of India Vs Neurostar Hospital Private Limited (NCLT Mumbai) The application was filed under Section 7 of the Insolvency and ...
No Addition for Cessation of Liability if no Evidence of Remission: ITAT Mumbai
Income Tax : The Tribunal held that addition under Section 41(1) cannot be made without proof of actual cessation of liability. It found that m...
No Service Tax Liability as Individual Truck Operators Not Covered Under GTA: CESTAT Bangalore
Service Tax : The Tribunal held that service tax applies only where a goods transport agency issues a consignment note. It ruled that transport ...
Latest Notifications
SEBI (Alternative Investment Funds) (Amendment) Regulations, 2026
SEBI : SEBI reduced the threshold under Regulation 10(c) from ₹2 lakh to ₹1,000, easing compliance requirements. The move simplifies ...
SEBI Lowers Credit Risk Threshold for REIT Investments to Expand Eligibility
SEBI : SEBI reduced the minimum credit risk value from 12 to 10 under REIT regulations. This change broadens investment eligibility and m...
IRDAI Delegates Enforcement Powers Under Insurance Act: Key Changes Explained
Corporate Law : IRDAI delegates Section 34 powers between Whole Time Members and Chairperson. The move aims to streamline enforcement actions and ...
SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2026
SEBI : SEBI’s 2026 amendments reduce credit risk thresholds and widen investment options for InvITs. The changes improve flexibility wh...
Anti-Dumping Duty Amended: Large Lithograde Aluminium Coils Excluded
Custom Duty : The government excludes Lithograde aluminum coils above 1150 mm width from anti-dumping duty. The change follows court directions ...
Latest Downloads
FAQs
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.
The RBI clarifies which entities must file FLA returns and outlines the complete online filing process. The key takeaway is mandatory compliance for entities with foreign assets or liabilities.
