Latest Articles
Process and Implication on Goods sent for Job Work under GST
Goods and Services Tax : The article explains GST job work provisions, ITC-04 filing responsibilities, and compliance requirements. It highlights legal pro...
Ignoring Notices at AO and CIT(A) Stages Can Ruin Direct Tax Cases
Corporate Law : The article argues that failure to comply before the AO or CIT(A) can lead to adverse assessments, as higher forums generally cann...
Economic Offence under BNSS and its Link with Section 132 of CGST Act
Goods and Services Tax : The article explains how BNSS governs arrest, bail, and trial procedures, while Section 132 of the CGST Act prescribes GST offence...
FCRA Amendment Rules, 2026: A New Era of Compliance for NGOs
Fema / RBI : The new Rules tighten compliance for NGOs through activity-specific registration, stricter disclosures, financial conditions, and ...
MOOWR Scheme: A Game Changer for Indian Manufacturers
Custom Duty : The article explains how the MOOWR Scheme allows manufacturers to defer customs duty and IGST while detailing eligibility, complia...
Latest News
IBBI proposes amendments to CIRP, Liquidation & Personal Guarantor Regulations
Corporate Law : IBBI has proposed amendments to CIRP, Liquidation, and Personal Guarantor Regulations to improve valuation, clarify RP duties, sim...
ICAI Warns CAs Against Extremely Low Fee Quotes in Tenders
CA, CS, CMA : ICAI Warns CAs Against Extremely Low Fee Quotes in Tenders; Matter May Be Referred for Disciplinary Action The Professional Develo...
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...
Latest Judiciary
Assessment Without SCN on Proposed Additions Violates Natural Justice: Gujarat HC
Income Tax : The High Court held that an assessment order passed without issuing a show cause notice detailing the proposed additions violated ...
Assessment Without SCN Violates Natural Justice: Madras HC
Income Tax : The Madras High Court held that assessment proceedings should include a show cause notice identifying the proposed additions befor...
Factoring of Trade Receivables Does Not Convert Operational Debt into Financial Debt: NCLAT Delhi
Corporate Law : NCLAT held that invoice discounting through the TReDS platform does not convert operational debt into financial debt. The appeal w...
Captive Service Provider Entitled to Risk Adjustment; Nil ALP for Proven Intra-Group Services Rejected: ITAT Delhi
Income Tax : ITAT Delhi held that documentary evidence established receipt of intra-group administrative support services and that the 5% marku...
Belated PET Appointment Claim Barred by Delay, Laches & Acquiescence: SC
Corporate Law : The Supreme Court held that a claim raised after more than twelve years suffered from delay, laches and acquiescence. It restored ...
Latest Notifications
SEBI Revises Framework for Handling Clients’ Unpaid Securities, Introduces 5-Day Pledge Limit & Auto-Release
SEBI : SEBI has amended the framework for handling clients' unpaid securities by introducing direct demat pay-out with auto-pledge throug...
Chennai Customs notified procedure for generating Transshipment Bonds
Custom Duty : Importers and Customs Brokers must submit complete TP Bond applications with supporting documents, failing which processing may be...
Maharashtra Co-operative Societies (Amendment) Rules, 2026
Corporate Law : Maharashtra has overhauled the Co-operative Societies Rules by introducing a dedicated framework for housing societies covering re...
CBDT Grants Section 10(46) Tax Exemption to Mussoorie Dehradun Development Authority
Income Tax : CBDT has notified tax exemption for specified income of the Mussoorie Dehradun Development Authority under section 10(46). The not...
SEBI Launches Settlement Helpdesk to Simplify Filing of Settlement Applications
SEBI : SEBI has introduced a Settlement Helpdesk to assist applicants with filing settlement applications, computing indicative amounts, ...
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FAQs
GSTN has clarified mandatory Ship-to GSTIN requirements, API changes and voluntary e-Way Bill closure before the proposed 1 August 2026 rollout.
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.
