Explore the legal and technical hurdles in filing Updated Returns under Section 139(8A), including Excel utility dependencies and procedural complexities.
The Tribunal ruled that high-turnover IT companies cannot be benchmarked against smaller captive service providers. Proper FAR analysis is essential to determine arm’s length price under TNMM.
RBI has confirmed that more than 98% of ₹2000 notes have been returned to the banking system since the withdrawal announcement, reflecting widespread compliance by the public.
The DA rate for the fourth quarter of FY 2025–26 has been fixed at 53.40% based on recent CPI-IW data. This represents a 1.60% increase over the previous quarter, directly enhancing employee salary payouts.
RBI has required PPI issuers to shift statistical and grievance reporting to the CIMS portal starting December 2025. The move centralises regulatory data collection and strengthens supervisory oversight.
The new framework mandates DIN KYC filing every third financial year instead of every year. Directors must still promptly report any change in personal information to avoid DIN deactivation.
The circular mandates that White Label ATM operators must file monthly WLA Statistics returns through RBI’s CIMS system from December 2025 onwards. The move centralises data reporting and strengthens regulatory monitoring, with penalties prescribed for non-compliance.
The directive requires MTSS Overseas Principals to shift monthly business reporting to RBI’s CIMS platform, strengthening centralized data collection.
The UDIN portal now captures prior auditor information to ensure ethical compliance, professional discipline, and a traceable audit trail without exposing client data.
The Court reaffirmed that both JAO and FAO can validly initiate reassessment proceedings, notwithstanding contrary High Court views elsewhere.
