Follow Us:

Latest Articles


Foreign Assets, RSUs and Foreign Bank Accounts in ITR: Schedule FA Reporting, Notices & Penalty

Income Tax : Resident taxpayers holding foreign assets or financial interests may be required to file returns and disclose such assets regardle...

June 2, 2026 192 Views 0 comment Print

Foreigners Seeking Medical Treatment in India: Visa Rules, FRRO Obligations & Amendments

Corporate Law : The article explains visa requirements, documentation, and compliance obligations for foreign nationals seeking medical treatment ...

June 2, 2026 111 Views 0 comment Print

Money Mule Activities in India: Legal Implications and Consequences

Fema / RBI : Individuals who receive or transfer funds on behalf of others may face prosecution under various Indian laws. The article explains...

June 2, 2026 174 Views 0 comment Print

Analysis of Notifications and Circulars for Week Ending 31st May 2026

CA, CS, CMA : A comprehensive review of significant developments across Income Tax, GST, Customs, DGFT, SEBI, MCA, IBBI, and RBI. The update hig...

June 2, 2026 1866 Views 0 comment Print

Taxation of Co-operative Societies under New Income Tax Act, 2025

Income Tax : The Income Tax Act, 2025 preserves the key deduction previously available under Section 80P through Section 149. Most tax incentiv...

June 2, 2026 264 Views 0 comment Print


Latest News


India Secures Duty-Free Access for 99.38% Exports Through India–Oman CEPA

Custom Duty : The India–Oman Comprehensive Economic Partnership Agreement became operational on 1 June 2026 after completion of required proce...

June 2, 2026 84 Views 0 comment Print

Portfolio Investment Positions by Counterpart Economy (formerly CPIS) – India: FAQs

Fema / RBI : RBI has clarified reporting requirements, valuation methods, submission procedures, and entity obligations under the Portfolio Inv...

June 2, 2026 639 Views 0 comment Print

SEBI Proposes Review of Framework for Calculation of Net Distributable Cash Flows for InvITs

SEBI : Following representations from the Bharat InvITs Association, SEBI has proposed amendments to NDCF computation rules. The draft in...

June 1, 2026 921 Views 0 comment Print

DFS Launches Common Landing Portal for Unclaimed Financial Assets

Finance : The Ministry of Finance has introduced a unified portal to help individuals search for unclaimed bank deposits, insurance claims, ...

June 1, 2026 1098 Views 0 comment Print

CCI Proposes Amendments to CCI (Commitment) Regulations, 2024

Corporate Law : The Competition Commission of India has proposed amendments to address administrative and procedural issues identified during impl...

June 1, 2026 150 Views 0 comment Print


Latest Judiciary


No Specific Charge, No Penalty: Mumbai ITAT Cancels Section 270A Levy for Defective Notice

Income Tax : The Tribunal held that a penalty notice must clearly state the specific limb of Section 270A being invoked. Absence of such specif...

June 2, 2026 54 Views 0 comment Print

Corporate Guarantor Faces CIRP as Limitation starts From Demand Notice, Not NPA Classification

Corporate Law : The Tribunal held that for a guarantee payable on demand, limitation begins from the date the guarantee is invoked and not from th...

June 2, 2026 93 Views 0 comment Print

Service Tax Demand Quashed as Iron Ore Excavation and Grading Held to Be Mining Service

Service Tax : CESTAT Bangalore held that excavation, extraction, grading, and sorting of iron ore are mining-related activities taxable only und...

June 2, 2026 75 Views 0 comment Print

Cenvat Demand Set Aside as Proportionate Credit Reversal Satisfied Rule 6 Requirements

Excise Duty : CESTAT Delhi held that proportionate reversal of Cenvat credit attributable to inputs and input services used for generating exemp...

June 2, 2026 81 Views 0 comment Print

ITAT Allows Section 54F Deduction as Substantial Construction & Habitable House Were Established

Income Tax : The ITAT Jaipur held that deduction under Section 54F cannot be denied merely due to delay in completing construction when the ass...

June 2, 2026 102 Views 0 comment Print


Latest Notifications


PPIRP Resolution Plans Cannot Avail SEBI Relaxations as They Fall Under Section 54L

SEBI : NSE has clarified that regulatory exemptions available for Section 31 IBC resolution plans do not extend to plans approved under S...

June 2, 2026 54 Views 0 comment Print

Cousin Can Be Independent Director as Cousins Are Not ‘Relatives’ Under LODR Rules

SEBI : SEBI clarified that a cousin does not fall within the statutory definition of a relative under the Companies Act and LODR Regulati...

June 2, 2026 1629 Views 0 comment Print

ROC Imposes Penalty as Incorrect Attachment Was Filed in AOC-4 Form

Company Law : The Registrar of Companies penalized the company and its authorized signatory after an incorrect document was attached with Form A...

June 2, 2026 60 Views 0 comment Print

DGFT Grants Wider QCO Exemption to SEZ Imports to Align FTP with SEZ Law

DGFT : DGFT has expanded the exemption from Quality Control Orders for imports by SEZ Units and Developers. The amendment aligns the Fore...

June 2, 2026 120 Views 0 comment Print

DGFT Notifies Six New SIONs to Enable Faster Advance Authorisation Approvals

DGFT : DGFT has introduced six new Standard Input Output Norms under the Chemical and Allied Product Group. The notification allows Regio...

June 2, 2026 105 Views 0 comment Print


FAQs


RBI has clarified reporting requirements, valuation methods, submission procedures, and entity obligations under the Portfolio Investment Positions survey. The FAQs aim to improve the quality and consistency of cross-border investment data reporting.

RBI has reiterated that software and ITES exporters must submit the annual survey based on the previous financial year. The guidelines outline reporting timelines, filing methods, and compliance requirements.

RBI requires mutual funds to report foreign liabilities and assets annually for compilation of Balance of Payments and International Investment Position statistics. The survey must be filed each year by the prescribed deadline.

The document compiles 85 recent developments across financial regulation, anti-corruption enforcement, corporate investigations, anti-smuggling actions, and national security probes. It highlights increasing scrutiny, regulatory reforms, and inter-agency coordination.

The update highlights the Supreme Court’s split verdict on Section 17A of the PC Act concerning prior approval for investigation of public servants. The issue has now been referred to a larger Bench for final adjudication.

Ads Free Tax News and Updates
Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930