Explains when Forms MGT-4, MGT-5, and MGT-6 become mandatory because the registered owner and beneficial owner of shares are different. Highlights filing timelines, responsibilities, and compliance requirements.
The Jharkhand High Court ruled that filing of a challan or charge-sheet alone is not a valid ground to reject anticipatory bail. Courts must examine the facts of each case and the accused’s apprehension of arrest before deciding the application.
CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notification also prescribes compliance requirements, including filing Form 15 and issuing Form 16 to donors.
CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval is valid for tax years 2026-27 to 2030-31, subject to prescribed compliance and reporting conditions.
The Disciplinary Committee found that the Resolution Professional delayed admission of a financial creditor’s claim and failed to progress the CIRP in accordance with the Code. The decision highlights the duty to promptly comply with tribunal orders and statutory timelines.
RBI has notified the Credit Derivatives Directions, 2026, replacing the 2022 framework. The Directions introduce a comprehensive regulatory regime for CDS, TRS, exchange-traded credit derivatives, and credit index futures with detailed participant and operational guidelines.
The address highlights how pension funds can support India’s journey towards Viksit Bharat 2047 by providing retirement security and long-term capital for national development. It emphasizes their role in infrastructure, innovation, and financial stability.
The representation requests extension of the GSTAT appeal filing deadline to 31 December 2026, citing persistent technical issues on the e-filing portal. It argues that taxpayers should not lose their statutory right of appeal due to system failures.
The Madhya Pradesh High Court closed the defamation proceedings after the applicant expressed regret for an erroneous statement and the complainant accepted the apology. The Court directed closure of both the High Court proceedings and the pending trial court complaint.
Filing an Income Tax Return offers benefits beyond tax compliance, including easier loans, TDS refunds, visa processing, and financial credibility. Timely filing also helps avoid penalties and preserve important tax benefits.
