The new framework eliminates mandatory renewals and replaces them with continuous monitoring. Donor eligibility now depends on sustained compliance and proper fund utilisation.
The new law replaces time-bound approvals with continuous compliance monitoring for charitable entities. Registration now survives only if organisations consistently meet prescribed conditions.
The proposal to remove statutory audits for small companies risks eliminating independent financial scrutiny, potentially weakening transparency and accountability across the corporate ecosystem.
Courts hold that one-time alimony is a capital receipt arising from extinguishment of rights and not taxable. The ruling clarifies limits on taxing matrimonial settlements.
Proposals for allowing retrospective UDIN generation under compliance schemes have raised questions about professional ethics. Experts argue that such relaxation could indirectly validate backdated audit documents.
Cross-border consultancy is permitted but subject to strict independence, tax, and foreign exchange compliance norms. Proper structuring and documentation are essential to avoid disciplinary exposure.
The UDIN portal now captures prior auditor information to ensure ethical compliance, professional discipline, and a traceable audit trail without exposing client data.
Explains how carbon credits have evolved into monetisable assets and outlines key accounting recognition, income-tax treatment under section 115BBG, and GST considerations in India.
Taxpayers who applied the old ₹3 lakh limit can still correct the mistake by revising their return. Revision before the deadline is the quickest way to secure refunds under the enhanced ₹25 lakh exemption.
Automated risk alerts are delaying income-tax refunds without clear reasons. The law allows withholding only through statutory processes, not internal analytics.
