The RBI has reduced the Priority Sector Lending target for Small Finance Banks from 75% to 60% of ANBC, effective FY 2025-26, adjusting the flexible component from 35% to 20%.
NPCI modifies UPI chargeback rules, introducing RGNB for remitting banks to directly raise genuine disputes declined under existing negative chargeback rules.
Delhi High Court held that that Section 68 of the Act as was in force prior to 01.04.2023, did not require the assessee to explain the source of the source of funds in case of unsecured loans. Accordingly, addition is liable to be deleted and appeal allowed.
CBIC and FSSAI extend NOC validity to 365 days for imported alcoholic beverages (>10% alcohol, no expiry date) to streamline trade.
India’s import policy for colloidal and other precious metal compounds under CTH 2843 shifts from Free to Restricted effective immediately.
Enforcement Directorate issues directive on summoning legal practitioners, emphasizing compliance with Section 132 of the Bharatiya Sakshya Adhiniyam, 2023.
This essay explores the judicially recognized circumstances under which Indian courts have lifted the corporate veil to prevent misuse of corporate personality, drawing on both Indian and foreign case law for illustration.
Understand income tax & GST rules for freelancers in India, including Sections 44ADA, 44AD, TDS, ITR filing, and tax-saving measures for FY 2025-26.
#AD Saving money regularly can be challenging, especially when expenses continue to accumulate. But having a system to build your savings step by step makes things easier. That’s where a Recurring Deposit (RD) comes into the picture. It helps you save a fixed amount every month and earns you interest, similar to a fixed deposit, […]
ITAT Mumbai clarifies tax on builders’ unsold inventory, stating no deemed rental income on stock-in-trade. Also addresses 80G deduction for CSR expenses, citing judicial precedents.
