Latest Articles
TDS Never Sleeps: How Form 26AS Triggers Tax Scrutiny
Income Tax : The Tribunal held that TDS entries appearing in Form 26AS are sufficient material for reopening assessments when no return is file...
Tax Exemption at Risk for Charitable Institutions Allegedly Operated Like Businesses
Income Tax : The Income-tax Department intensified scrutiny of charitable entities after finding high surplus margins, premium pricing, and com...
Unlisted Bonds Lose LTCG Benefit; No Capital Gains Exemption for Depreciable Assets under Income Tax Act 2025
Income Tax : The new law treats gains from depreciable assets as short-term capital gains for all purposes, not merely for computation. This ef...
GST on Hosting Services: OIDAR Classification, RCM Liability & Latest Judgments
Goods and Services Tax : This case explains how foreign digital services like hosting fall under OIDAR and become taxable imports under GST. It highlights ...
Legal Analysis of Applicability of GST on Bar Associations
Goods and Services Tax : This case explains how GST law overrides mutuality by treating associations and members as distinct taxable persons. It clarifies ...
Latest News
SEBI Proposes OBPP Reforms to Ease Business and Expand Product Offerings
SEBI : The consultation paper proposes allowing OBPPs to offer products regulated by IFSCA. It aligns with broader efforts to enhance cro...
SEBI Proposes Extending Early Pay-In Benefit to Options Due to Stakeholder Demand
SEBI : The consultation paper issued by Securities and Exchange Board of India seeks public comments on a draft circular proposing to ext...
Direct Tax Collections for F.Y. 2025-26 as on 31.03.2026
Income Tax : The data shows a steady increase in net direct tax collections driven by higher corporate and non-corporate tax revenues. It highl...
SEBI Proposes Amendments as Existing Rules Conflict with RBI Securitisation Directions
SEBI : SEBI suggests relaxing concentration limits for RBI-regulated entities. This change aims to enable listing of single-asset securit...
ICAI Releases Draft Auditor Panel for Co-operative Banks
CA, CS, CMA : The issue involves publication of the draft panel for statutory auditor appointments. ICAI has released the list based on existing...
Latest Judiciary
GST Confiscation Proceedings Quashed as Stock Discrepancy Must Be Examined Under Sections 73/74
Goods and Services Tax : The case involved GST proceedings initiated after alleged excess stock was found during a factory survey. The Court held that Sect...
Customs Broker Cannot Be Penalised Merely for Non-Physical Verification of Client Address
Custom Duty : High Court held that customs regulations require verification through reliable documents and data, not mandatory physical inspecti...
Political Donation Reassessment Notice Quashed as Issued by Wrong Authority
Income Tax : The Tribunal held that notice under Section 148 was invalid as it was issued by an officer lacking jurisdiction. It relied on CBDT...
ITAT Chennai Allowed Section 80-IA Deduction as Consumer Tariff Held Correct Benchmark
Income Tax : The Tribunal found that the transfer pricing adjustment was incorrectly computed using SEB sale rates. It allowed deduction based ...
Excess Stock Found in GST Survey Cannot Trigger Confiscation Proceedings: Allahabad HC
Goods and Services Tax : The court held that initiating proceedings under the penalty provision for alleged excess stock discovered during a survey was imp...
Latest Notifications
RTI Appeal Rejected Due to Information Already Provided in Existing Records
Corporate Law : The issue involved alleged incomplete disclosure under RTI. The authority held that all available records were already shared and ...
Insolvency Professional Suspended Due to Failure to Disclose Conflict of Interest
Corporate Law : The case involved non-disclosure of overlapping interests between contractor and resolution applicant. The authority held that lac...
Ad-Hoc Norms Validity Extended Till 31.03.2028 Due to DGFT Policy Amendment
DGFT : The issue involved limited validity of norms for Advance Authorisation. The amendment extends validity to 2028, ensuring continuit...
₹2000 Notes Withdrawal Near Completion as 98.47% Currency Returned to RBI
Fema / RBI : The RBI confirmed that nearly all ₹2000 banknotes have been returned since the 2023 withdrawal announcement. With only a small f...
Penalty Set Aside as Company Proves Separate Bank Account Compliance
Company Law : The appellate authority found that the company complied with private placement provisions by safeguarding funds in a separate acco...
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FAQs
The update addresses regulatory relief for NBFCs without public funds or customer interface. It allows eligible entities to operate without registration while ensuring continued oversight and compliance safeguards.
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.
The circular addresses uncertainty in FLA reporting FAQs under FEMA. It directs institutions to pause action until regulatory clarity is achieved, ensuring compliance consistency.
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.
