Latest Articles
Procedure for Appointment of Non-Retiring Director in General Meeting
Company Law : The procedure mandates prior notice and deposit for proposing a new director. It highlights compliance steps and conditions for re...
New Forms under Income Tax Act, 2025 & Rules 2026: A Comparitive Guide
Income Tax : The new rules replace old form numbers with a structured sequence across categories. The update simplifies compliance and improves...
Mutual Funds & Pre-IPO Markets: SEBI’s Protection vs Exclusion Paradox
SEBI : The regulator prohibited mutual funds from participating in pre-IPO placements due to concerns over illiquidity, valuation uncerta...
No Escape After Assessment: AP HC Upholds GST Bank Attachment Without Notice
Goods and Services Tax : The Court held that once a GST assessment order attains finality, recovery under Section 79 can proceed without issuing prior noti...
Why TDS Compliance Has an Auditability Problem and Why Nobody Is Talking About It?
Income Tax : Tax authorities are increasingly questioning decision logic behind TDS deductions. The lack of recorded reasoning in ERPs makes co...
Latest News
IBBI Proposes Amendments to IBBI (Liquidation Process) Regulations, 2016
Corporate Law : The amendments replace the consultation committee with CoC oversight, giving creditors greater control over liquidation decisions....
MCA Consultation on Filing Reforms & Simplifying Compliance for Viksit Bharat 2047
Company Law : The initiative addresses inefficiencies in the current filing system and proposes consolidation and automation. It highlights a sh...
FIU-IND Signs MoUs with SEBI & PFRDA to Strengthen AML Framework
Finance : The agreements introduce structured protocols for intelligence sharing and monitoring compliance under PMLA. The ruling highlights...
DoT & SEBI Sign MoU to Strengthen Fight Against Telecom-Linked Financial Frauds
SEBI : The issue involved misuse of telecom resources in financial scams. The MoU establishes real-time data sharing to enable early dete...
Commerce Ministry Launches Integrated Website & Mobile App for Seamless Trade Access
DGFT : The issue addressed was fragmented access to trade information. The initiative introduces a unified platform and mobile app to enh...
Latest Judiciary
Missing Seized Documents Cannot Be Used in GST Proceedings: Telangana HC
Goods and Services Tax : The Court held that GST authorities cannot rely on seized documents that are missing or untraceable during adjudication. It ruled ...
GST Registration Cancellation: Telangana HC Allows Fresh Revocation Application
Goods and Services Tax : The Court allowed the taxpayer to file a fresh application for revocation of GST registration after failing to reply to the show c...
Telangana HC Directs Suo-Moto Section 161 Rectification for GST Payment Discrepancies
Goods and Services Tax : The Court directed the petitioner to first seek rectification of the order before challenging recovery proceedings under GST law. ...
Initiation of disciplinary proceedings not justifiable post discharge of officer in criminal court on same charge
Corporate Law : Supreme Court held that initiation of administrative proceedings for disciplinary action against air force pilot not justifiable s...
Negligence of bank in presenting cheque within validity period is deficiency in service: Compensation payable
Corporate Law : Supreme Court held that negligence on part of bank in presentation of cheque within the validity period of cheque leads to ‘defi...
Latest Notifications
DGFT Updates List of Authorized Banks for Gold and Silver Import
DGFT : DGFT revised Appendix 4B to update banks permitted to import gold and silver. The notice clarifies authorized entities and validit...
DGFT Amends Baryte Export Policy: Grade A & B Restricted, CDW Remains Free
DGFT : The government has shifted Grade A and B baryte to the restricted category requiring DGFT approval. The move aims to regulate expo...
DGFT Expands RELIEF Scheme to Egypt & Jordan Amid Logistics Disruptions
DGFT : DGFT extends RELIEF scheme benefits to Egypt and Jordan to support exporters impacted by global logistics issues. The move widens ...
Delimitation Bill, 2026 introduced in Lok Sabha (Read Bill)
Corporate Law : The Bill mandates seat allocation using updated census figures, replacing decades-old data. It ensures fair representation aligned...
Penalty Imposed for Debenture Allotment Without Mandatory Dematerialisation Compliance
Company Law : The authority held that securities cannot be allotted before dematerialising directors’ shareholding. A penalty was imposed desp...
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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.
