Latest Articles
Employees Need Not Pay Tax Again if Employer Failed to Deposit TDS: ITAT Kolkata
Income Tax : ITAT Kolkata held that employees should not bear tax liability again where TDS was deducted but not deposited by the employer....
Section 54 Exemption Must Be Computed Asset-Wise as Each House Transfer Is a Separate Source of Capital Gain: ITAT Bangalore
Income Tax : ITAT held that Section 54 exemption must be examined separately for each residential house sold. Aggregating gains from multiple t...
Section 11 Exemption Cannot Be Denied as Form 10B Was Filed Before Return Processing: ITAT Jaipur
Income Tax : ITAT held that delayed filing of Form 10B cannot defeat Section 11 exemption if the audit report is available before processing un...
Retrospective GST Cancellation Cannot Deny ITC Without Evidence Against Bona Fide Buyers
Goods and Services Tax : The article explains why retrospective GST cancellation alone should not result in ITC denial where buyers have complied with Sect...
ITR 2026: Important Dates Every Taxpayer Should Know
Income Tax : Know the key ITR, advance tax, tax audit, belated return, and revised return deadlines for 2026 to avoid interest, penalties, and ...
Latest News
SEBI Proposes Municipal Bond Rule Changes to Boost Retail Investor Participation
SEBI : SEBI proposes amendments to the Municipal Debt Securities Regulations to encourage retail participation through investor incentive...
SEBI Proposes Intraday Borrowing Against Non-Guaranteed Receivables for Mutual Funds
SEBI : SEBI proposes recognising intraday borrowing as a cash management tool by permitting broader borrowing purposes with board-approve...
SEBI Proposes Simpler Securities Transmission Rules to Reduce Documentation Burden
SEBI : SEBI proposes revising the securities transmission framework by simplifying documentation, standardising procedures, and increasin...
SEBI proposes GARUDA mechanism to reduce AIF scheme launch timelines
SEBI : SEBI proposes the GARUDA mechanism to reduce AIF scheme launch timelines while retaining post-facto regulatory oversight and compl...
SEBI Proposes SDI Regulation Amendments to Align Securitisation Framework with RBI Rules
SEBI : SEBI has proposed amendments to align the SDI Regulations with the RBI's 2025 securitisation framework and support the listed secu...
Latest Judiciary
Section 271D Penalty Cannot Survive Without Recorded Satisfaction: Gujarat HC
Income Tax : Gujarat High Court upheld deletion of the Section 271D penalty, holding that absence of recorded satisfaction in the assessment or...
No Satisfaction in Assessment Order: ITAT Surat Quashes Section 271D Penalty
Income Tax : ITAT Surat held that absence of satisfaction in the assessment order invalidated the Section 271D penalty, following the Supreme C...
Section 153C Notices Quashed as Satisfaction Note Was Recorded Nearly 10 Months Late
Income Tax : Bombay High Court held Section 153C notices invalid as the satisfaction note was not recorded immediately after the searched perso...
Bombay HC Dismissed Revenue Appeal as It Did Not Challenge CIT(A)’s Order
Income Tax : Bombay High Court dismissed the Revenue's appeal, holding it could not challenge the ITAT's addition after not appealing the CIT(A...
Employer Not Liable to Refund TDS Due to Non-Filing of Form 10E: Madras HC
Income Tax : The Madras High Court ruled that employers cannot grant Section 89 relief or refund TDS unless employees submit Form 10E under Sec...
Latest Notifications
CBIC Extends Sea Cargo Manifest Compliance Deadline to 31 August 2026
Custom Duty : CBIC has extended the compliance deadline under the Sea Cargo Manifest and Transshipment Regulations to 31 August 2026. The amendm...
Small Savings Schemes Interest Rates for July–September 2026
Finance : The Government has kept interest rates on all Small Savings Schemes unchanged for July-September 2026. Investors will continue to ...
CBIC Rolls Out Pan-India SCMTR Implementation, Extends Transition Relief to 31 August 2026
Custom Duty : CBIC has extended the SCMTR transitional period until 31 August 2026 to support nationwide implementation. No penalties will apply...
DGFT Reviews Wheat Flour Export Quota & Seeks Utilization Details by July 10
DGFT : DGFT has initiated a review of allocated wheat flour export quotas and directed exporters to submit utilization certificates and q...
DGFT Revises Niryat Disha Guidelines, Raises MSME Reimbursement to ₹50 Lakh & Expands Eligible Certifications
DGFT : DGFT has amended the TRACE guidelines under EPM–Niryat Disha by raising reimbursement limits and introducing differentiated fina...
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FAQs
RBI has launched the Integrated Ombudsman Scheme, 2026, providing a centralized, cost-free mechanism for resolving complaints against regulated entities. The Scheme also introduces structured settlements, compensation, and an appeal process.
RBI has updated the FLA Return FAQs, clarifying who must file, the 15 July deadline, revision procedures, and reporting requirements under FEMA. The guidance helps entities avoid compliance lapses and potential penalties.
MoSPI will introduce the Index of Services Production (ISP) to measure short-term changes in the formal services sector. The monthly indicator will complement the IIP and improve economic monitoring and policymaking.
Learn who can apply for an advance ruling, applicable fees, withdrawal rules, and its binding effect under the Income-tax Act. The guide also explains the transition from AAR to the Board for Advance Rulings and the e-Advance Ruling Scheme.
The document clarifies that a director’s resignation becomes effective upon receipt by the company or the specified future date, without requiring Board approval. It also explains the statutory compliances and continuing liabilities after resignation.
