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...
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 ...
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...
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...
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...
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...
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...
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...
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, ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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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.