Form 11 must be filed by companies seeking approval of in-house R&D facilities under Section 45(2). While it establishes eligibility, actual deduction depends on compliance with statutory conditions and verification.
Form 10 requires prescribed authorities to report approved research programmes to tax authorities. It ensures monitoring and verification of deductions claimed under the law.
Form 6 must be filed to claim deductions under Sections 44 and 51, as it provides audit-certified verification of expenditure. Non-filing can lead to disallowance and compliance risks.
SEBI consolidates all mutual fund guidelines into a single master circular aligned with the 2026 Regulations. It replaces earlier circulars while ensuring continuity of past actions and compliance obligations.
CBIC appoints a common adjudicating authority to handle multiple show cause notices across jurisdictions. The move ensures uniform decisions and streamlined adjudication.
Net direct tax collections for FY 2025–26 grew by 7.19%, primarily supported by a decline in refunds. Lower refund outflows improved overall revenue realization. This reflects stronger fiscal efficiency and better tax administration.
A company was penalized for filing incorrect details in MGT-7 despite claiming a clerical mistake. The ruling clarifies that errors in statutory filings attract penalties even if later corrected.
The amendments permit specified trusts to convert into LLPs with continuity of assets and liabilities. The key takeaway is simplified restructuring without disrupting operations.
FSSAI has issued detailed guidelines dividing responsibilities between buyer and seller apps in the ONDC model. The order ensures accountability, food safety, and regulatory compliance in decentralized e-commerce transactions.
I4C warns that ransomware groups are targeting NAS devices used by CA and consulting firms by exploiting weak credentials, unpatched vulnerabilities, and exposed internet interfaces. The advisory urges firms to strengthen NAS security, enable MFA, and maintain offline backups.
