Latest Articles
Gold Monetisation Scheme 2026: Earn Interest on Idle Gold at Home
Income Tax : The scheme allows households to deposit gold and earn interest without selling it. The key takeaway is that both interest and capi...
Your Gold Bond Tax Break Is Gone, Here’s What It Actually Costs You
Finance : Secondary SGB buyers must now pay 12.5% LTCG tax, unlike primary holders. The change reshapes returns and investment strategies in...
Organized Crime Laws & Due Process of Law: Balancing Power & Liberty
Corporate Law : This explains how stringent organized crime laws can conflict with due process rights like fair trial and liberty. It highlights t...
Cross-Border Insolvency in India : Is the UNCITRAL model the future?
Corporate Law : The issue highlights limitations of India’s current insolvency framework relying on bilateral agreements. The key takeaway is th...
Preventive Detention Without Trial: Law, Practice and Abuse
Corporate Law : The issue highlights constitutional protections alongside broad detention powers. The takeaway is that procedural safeguards must ...
Latest News
Delhi GST Detects ₹60.59 Cr Fake ITC Fraud; One Arrested
Goods and Services Tax : Authorities uncovered fraudulent ITC claims based on fake invoices without actual supply of goods or services. The accused was arr...
Empanelment of Concurrent Auditors With Canara Bank
CA, CS, CMA : Canara Bank has invited online applications from Proprietary Concerns, Firms and LLPs for empanelment as concurrent auditors for 7...
ICAI Convocation May – 2026 Dates and Locations
CA, CS, CMA : ICAI has released the May 2026 convocation schedule for members enrolled between Dec 2025 and Apr 2026. Eligible candidates will r...
CA Profession Not Low-Paying, Says ICAI While Rejecting Misreported Salary Data
CA, CS, CMA : The issue involved a media report alleging low returns and poor salaries for Chartered Accountants. The Institute clarified that t...
Salient Features of Income Tax Act 2025
Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...
Latest Judiciary
Employees Not Liable for GST Penalty in Absence of Taxable Person Status: Bombay HC
Goods and Services Tax : The Court examined whether employees could be penalised under Section 122(1A) for company-level GST violations. It held that only ...
ITAT Deletes PF/ESI Disallowance as Section 143(1) Adjustment Held Beyond Scope
Income Tax : The Tribunal examined disallowance made for delayed employee contributions under Section 143(1). It held that debatable issues can...
ITAT Quashes Section 271(1)(c Penalty as Unsigned SCN Held Void in Law
Income Tax : The issue involved validity of penalty proceedings initiated through an unsigned notice. The Tribunal ruled that such a notice is ...
Section 11 Exemption Allowed as Property in Trustees’ Names Held Not Beneficial to Them
Income Tax : The case examined whether property registered in trustees’ names violated Section 13(1)(c). The Tribunal held no violation as no...
TDS Default Not Applicable as Section 197 Certificate Covers Entire Assessment Year
Income Tax : The case examined whether a lower TDS certificate applies prospectively or for the full year. The Court held it applies to the ent...
Latest Notifications
RBI (All India Financial Institutions – Credit Risk Management) Second Amendment Directions, 2026
Fema / RBI : RBI now requires financial institutions to factor in calamity risks while evaluating borrowers. This move ensures more resilient a...
RBI (All India Financial Institutions – Responsible Business Conduct) Amendment Directions, 2026
Fema / RBI : RBI permits financial institutions to waive or reduce charges for customers in disaster-hit areas. The amendment ensures temporary...
RBI (All India Financial Institutions – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026
Fema / RBI : RBI permits accounts slipping into NPA due to calamities to be upgraded to ‘Standard’ after resolution. This ensures relief to...
RBI (Regional Rural Banks – Credit Risk Management) Second Amendment Directions, 2026
Fema / RBI : RBI mandates Regional Rural Banks to consider disaster impacts while evaluating loans. The move strengthens rural credit risk mana...
RBI (All India Financial Institutions– Resolution of Stressed Assets) Amendment Directions, 2026
Fema / RBI : RBI establishes a structured resolution mechanism for borrowers impacted by natural disasters. The framework ensures timely relief...
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FAQs
RBI clarified that the Digital Rupee is legal tender with features similar to physical cash. It enables secure, instant, and fee-free transactions through digital wallets.
Understand the mandatory GST compliances when closing a business, including return filing and tax on stock. The guidance clarifies liability calculation and procedural requirements.
The scheme provides a last opportunity for defaulting companies to file pending returns and financial statements with reduced penalties. It emphasizes that failure to comply within the window may lead to strict regulatory action, including strike-off.
This explains why operating a payment system without RBI approval is prohibited under law. The framework ensures only compliant and vetted entities can handle financial transactions, safeguarding systemic integrity.
Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, timeline, and conditions.
