This analysis examines how Indian tax laws (Income Tax Act S. 11, 13 affect fee determination and tax-exempt status of religious bodies. It explores the constitutional tension between religious freedom (Arts. 25-28) and state regulation of commercial activities.
ICAI has notified new branches at Bhiwadi and Morbi and renamed the Ahmednagar Branch as Ahilyanagar Branch, effective from October 8, 2025.
The 2025 rules allow foreign nationals to practice only in advisory and transactional roles, with no right of audience before Indian courts. The framework protects the exclusive litigation rights of Indian advocates while regulating foreign legal participation through strict eligibility and visa controls.
The ICAI President details reforms like GST 2.0 that aid MSMEs and consumers. Key initiatives include benchmarking the CA qualification to a Master’s degree, launching the MSME Clinic Programme, and integrating AI and ESG into the profession.
The IRDAI imposed a ₹1 crore penalty on Liberty General Insurance for serious violations of outsourcing and commission regulations, including excessive payments to related parties of intermediaries. The insurer also received cautions for policyholder complaint misclassification and procedural lapses.
The Income Tax Act, 1961, uses different definitions of ‘relative’ depending on the section, impacting tax-free gifts (Sec 56(2)(x)), clubbing of income (Sec 64), trust exemptions (Sec 13), and authorized representation (Sec 288). This divergence requires specific legal analysis.
Overview of Nidhi Rules: registration, member limits, deposit and loan norms, prohibited activities, filing requirements, and penalties for non-compliance.
PFRDA circular outlines revised NPS subscriber onboarding guidelines for PoPs. Details digital/physical modes, Face-to-Face/Non-Face-to-Face KYC methods, and simplified registration using CKYC identifier or Bank CBS records. PoPs must ensure compliance and accessibility.
ICSI has reopened the online enrollment window for the December 2025 CS Exams (with late fee) from October 23-25. Deadlines for Pre-Exam Test and TDOP also updated.
Use a home loan EMI calculator to plan EMIs, calculate interest, and see the impact of prepayment. Manage repayment smartly with amortization schedules in India.
