Latest Articles
Important Changes Under Income Tax Act 2025 and 1961
Income Tax : The new law keeps depreciation methods unchanged for continuity. However, it broadens tax scope by including assets “belonging t...
Alternative Investment Fund (AIF)
SEBI : The issue concerns the legal definition and structure of Alternative Investment Funds. The framework classifies AIFs as privately ...
TDS Payment Under New Income Tax Act 2025 – All You Need to Know
Income Tax : The new law restructures TDS provisions into Sections 392, 393, and 394, altering compliance procedures. Correct selection of code...
Tax Treatment of Dealer Benefits Under Section 194R & Income Tax Act 2025
Income Tax : Dealer incentives like tour packages are taxable as business income under the new law. If TDS is borne by the payer, it must be ad...
Reassessment Proceedings under Income Tax Act, 2025 & Rules, 2026
Income Tax : The new law defines strict conditions for reopening assessments using specified information categories. It ensures transparency an...
Latest News
Mandatory Time Limit for Appeal Disposal Suggested Due to Huge Pendency Before CIT(A)
Income Tax : The issue highlights delays caused by non-binding timelines in appellate proceedings. It proposes mandatory limits to ensure faste...
GIFT-IFSC Emerges as Global Treasury Hub Due to Regulatory Reforms
Finance : The conference examined how regulatory flexibility and tax incentives are transforming GIFT-IFSC into a global treasury hub. It hi...
India Deploys Mobile Alert System Due to Rising Need for Disaster Preparedness
Corporate Law : The initiative addresses delays in disaster communication across regions. The system enables instant, geo-targeted alerts using mo...
NFRA issues Audit Quality Inspection Guidelines
Company Law : NFRA introduced guidelines to evaluate audit firms’ compliance and quality control systems. The framework emphasizes governance,...
ICSI Invites Feedback on CS Syllabus Revision
Company Law : ICSI has proposed revising the CS syllabus to align with the National Education Policy and global practices. Stakeholder input wil...
Latest Judiciary
No Option for 18% GST as Outdoor Catering Falls Under Mandatory 5% Entry: AAR Tamilnadu
Goods and Services Tax : The issue was whether taxpayers could choose between concessional and standard GST rates. The AAR held that once classified as out...
AAAR Remands GST Case After Finding Contradictory Facts in Dealer Incentive Case
Goods and Services Tax : The appellate authority found that facts presented on appeal differed from the original application. The case was remanded for fre...
Consolidated GST Notices Valid as Law Does Not Restrict to Financial Year: Karnataka HC
Goods and Services Tax : The court held that Sections 73 and 74 allow show cause notices for any period, not limited to a financial year. Consolidated noti...
Bombay HC Allows SVLDR Benefit Where Liability Was Quantified Earlier
Service Tax : The issue was rejection of a declaration under the dispute resolution scheme citing lack of quantification. The Court held that li...
Section 68 Additions: Favourable Remand Report Shields Assessee
Income Tax : The issue was deletion of additions on unsecured loans treated as unexplained cash credits. The tribunal upheld deletion, holding ...
Latest Notifications
NCLT Allows Single Member Benches to Hear Cases to Reduce Pendency and Speed Up Disposal
Corporate Law : The order permits single judicial members to handle procedural and uncontested matters. It ensures faster case disposal while pres...
CBIC Revises UTGST Rate Notification Under Finance Act 2026
Goods and Services Tax : CBIC has amended Notification No. 9/2025-Union Territory Tax (Rate) to revise tariff entries under UTGST schedules from May 1, 202...
CBIC Revises IGST Rate Notification Under Finance Act 2026
Goods and Services Tax : CBIC has amended Notification No. 9/2025-Integrated Tax (Rate) to revise tariff entries under IGST schedules in line with Finance ...
CBIC Revises GST Rate Notification Under Finance Act 2026
Goods and Services Tax : CBIC has amended Notification No. 9/2025-Central Tax (Rate) to revise tariff entries in GST schedules in line with Finance Act, 20...
Gross and Net GST revenue collections for month of April, 2026
Goods and Services Tax : The data highlights a sharp increase in GST collections driven by import-related IGST. It confirms strong revenue performance and ...
Latest Downloads
FAQs
The circular addresses uncertainty in FLA reporting FAQs under FEMA. It directs institutions to pause action until regulatory clarity is achieved, ensuring compliance consistency.
The issue concerns regulatory burden on smaller NBFCs without systemic risk exposure. The RBI introduced exemption for such entities under “Unregistered Type I NBFCs.” The key takeaway is that low-risk NBFCs may operate without registration subject to strict conditions.
The issue concerns delays in pension credit caused by banks. The guidelines mandate 8% interest compensation for such delays. The key takeaway is that banks are accountable for timely pension payments.
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.
