Latest Articles
Power of Attorney in Tax Proceedings: Legal Validity & Scope
Corporate Law : The article explains how Power of Attorney has become essential in modern tax practice because of increasing digitization and face...
When Late Filing Becomes Suppression: Section 74 Risk After Sriba Nirman
Goods and Services Tax : The Andhra Pradesh High Court held that failure to file monthly GSTR-3B returns can amount to suppression of facts under Section 7...
Sale of Capital Goods under GST: When to Apply Section 18(4) & 18(6)
Goods and Services Tax : The article explains the legal distinction between ITC reversal on opting for composition and tax liability on sale of capital goo...
Revisiting Grandfathering under GAAR: Rule 10U Amendment and Its Impact on Tiger Global
Income Tax : CBDT’s 2026 amendment strengthens grandfathering protection for investments made before the commencement of GAAR. The clarificat...
Karnataka HC Protects Genuine Buyers from ITC Denial Due to Supplier Default
Goods and Services Tax : The Court clarified that an NGTP or non-genuine taxpayer tag is only a risk indicator and not conclusive proof against buyers. Aut...
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 Refund Orders Quashed as AO Ignored Clarificatory Amendment to Rule 89(5)
Goods and Services Tax : The Court ruled that refund claims under inverted duty structure cannot be restricted using the earlier anomalous formula once Rul...
RTI Cannot Be Used to Obtain Spouse’s Income Details for Maintenance Dispute: Delhi HC
Corporate Law : The Delhi High Court held that income tax returns and taxable income details are personal information protected under Section 8(1)...
ITAT Deletes Section 271D Penalty as Cash Sale Consideration Is Not Covered by Section 269SS
Income Tax : The ITAT ruled that penalty proceedings under Section 271D are invalid if the Assessing Officer fails to record satisfaction in as...
ITAT Deletes On-Money Addition Due to Lack of Corroborative Evidence
Income Tax : The ITAT Hyderabad held that additions for alleged cash payments cannot be sustained merely on the basis of third-party seized doc...
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...
Latest Notifications
Foreign Exchange Management (Authorised Persons) Regulations, 2026
Fema / RBI : RBI notified the Foreign Exchange Management (Authorised Persons) Regulations, 2026 introducing revised eligibility, compliance, a...
PFRDA Aligns NPS Investments with SEBI Rules as Insider Trading Regulation Falls Under SEBI Domain
Corporate Law : The circular clarifies that SEBI regulations on insider trading, self-dealing, and front running will apply to all NPS investment ...
Revision of withdrawal limit for Aadhaar authenticated (e-KYC) transactions without voucher
Finance : The Department of Posts revised the limit for voucher-free Aadhaar-authenticated withdrawals from ₹5,000 to ₹20,000. The move ...
SEBI Issues AI Cybersecurity Advisory Because Advanced AI Tools Increase Vulnerability
SEBI : SEBI warned that AI-driven tools like Mythos can rapidly identify and exploit cybersecurity weaknesses across the securities marke...
SEBI Defines ‘Significant Indices’ Based on ₹20,000 Crore Mutual Fund AUM Threshold
SEBI : SEBI released an official list of Significant Indices that includes major benchmarks such as Nifty 50, Nifty Bank, and Sensex. Ind...
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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.
