The removal of the provision means companies and investors are no longer taxed on share premiums exceeding fair market value, creating a major policy shift.
The ruling clarifies that interest on pre-deposit refunds starts from the payment date, not after 60 days, ensuring full compensation to taxpayers.
A detailed compliance roadmap covering board meetings, audits, ROC filings, and director duties. It explains mandatory corporate governance requirements under the Companies Act, 2013.
The new tax law confirms that all pending appeals and proceedings will continue under the old Act, ensuring taxpayers do not restart litigation after 1 April 2026.
Explains the requirement for daily backups of electronic accounting records on India-based servers from 2026. Highlights compliance duties for businesses using cloud accounting systems and penalties for violations.
The High Court set aside the rejection of GST registration revocation, holding that Rule 23 permits filing within 270 days. It ruled that the authority wrongly rejected the application on delay grounds and directed reconsideration after hearing the taxpayer.
The High Court held that GST revocation cannot be denied solely due to portal time limits where genuine hardship exists. It directed the authority to accept a manual application and decide the matter on merits within a fixed timeframe.
GST registration was cancelled for six months of non-filing of returns, and the taxpayer was unable to apply for revocation due to portal time limits. The High Court directed acceptance of a physical application and ordered a decision within three weeks.
Candidates can raise concerns regarding exam papers through email or post. The Institute will consider only properly submitted responses with required details.
The issue concerns eligibility and participation rules for the convocation. ICSI has clarified that members who do not attend will not be allowed in future convocations and will receive certificates by post.
