The issue is whether interest on GST refunds should start from a fresh application after appeal. Courts have held that interest must be calculated from the original application date.
The issue is the replacement of Form 30C under the new tax regime. The update introduces Form 156 with revised procedures and compliance requirements. The key takeaway is that taxpayers must follow the new format for NOC applications from 2026 onwards.
This guide explains who can apply for SISFS and the financial support offered. It highlights that early-stage startups receive funding for proof of concept and commercialization.
The issue is understanding complex NPS rules, tax benefits, and recent updates. The framework clarifies withdrawal flexibility, tax treatment, and eligibility.
The issue was the complex and scattered TDS/TCS provisions under the old law. The new Act consolidates multiple sections into a simplified structure, making compliance easier and more transparent. The key takeaway is a streamlined, digital-first framework reducing confusion for taxpayers.
The issue is complexity and duplication in old tax forms. The new system simplifies compliance through consolidation and structured mapping.
The Directions introduce a structured framework for calculating risk-weighted assets under Basel III norms. The ruling ensures improved consistency, transparency, and risk sensitivity in capital adequacy.
The issue addresses outdated provisioning methods and introduces a forward-looking ECL model. The key takeaway is improved risk recognition and stronger financial resilience in banks.
The RBI revised access criteria by shifting application processes to the PRAVAAH portal. The ruling emphasizes digital compliance, transparency, and streamlined access to the government securities platform.
The RBI mandates AD banks to report global INR derivative transactions of related parties. The move strengthens oversight and improves risk monitoring across markets.
