The article examines whether income tax, GST, and capital gains taxation are placing excessive pressure on hardworking taxpayers. It highlights concerns about high compliance costs, cash flow issues, and multiple layers of taxation.
The article explains how Rule 14A promises GST registration within three days but may create serious compliance challenges for growing businesses. It highlights portal restrictions, withdrawal hurdles, and risks of blocked returns.
The compliance calendar provides a consolidated list of regulatory filings applicable to SME listed companies under SEBI regulations and NSE circulars. It includes timelines, provisions, and filing formats for periodic disclosures and reporting obligations.
SEBI has fixed a uniform 30-day lag for sharing and using market price data for educational purposes after concerns over misuse and impractical restrictions. The circular also grants NISM limited one-day access for simulation labs.
The analysis explains how foreign investor selling, geopolitical instability, and rising oil prices contributed to the recent decline in the Nifty 50 index. It also highlights sectors supporting India’s long-term economic growth despite market volatility.
RBI amended the capital adequacy norms for Small Finance Banks by revising provisions governing inclusion of quarterly profits in CET1 capital. The new framework prescribes audit requirements and a revised profit eligibility formula.
RBI amended the capital adequacy norms for Payments Banks by revising rules for inclusion of quarterly profits in CET1 capital. The new framework allows quarterly profit recognition subject to audit and prescribed deductions.
DCIT-CC-8(4) Vs Offbeat Developers Private Limited (ITAT Mumbai) The Mumbai Income Tax Appellate Tribunal examined Revenue appeals involving disallowances made on various expenses claimed by a mall developer engaged in leasing property and providing related services, where income was offered under both “Income from House Property” and “Profits and Gains from Business or Profession.” The […]
Pune ITAT held that accounting reclassification entries and journal adjustments require proper verification before being treated as unexplained income. The matter was remanded after admitting additional evidence.
Madras High Court directed authorities to defer GST proceedings relating to royalty and seigniorage fees for quarrying minerals until the Supreme Court decides the larger dispute. The petitions were disposed of on terms similar to earlier cases.
