Latest Articles
Scope of Professional Practice Under GST Law in India
CA, CS, CMA : Learn the scope of professional practice of GST Practitioners under the CGST Act and Rules, including eligibility, enrolment, auth...
FCRA Amendment Rules 2026: 10 Major Compliance Changes
Corporate Law : Foreign Contribution (Regulation) Amendment Rules, 2026 introduce key changes to FCRA compliance, including key functionaries, Sta...
CARO 2020: Why Physical Verification Matters More Than QR Codes
Company Law : Summary: The Companies (Auditor’s Report) Order, 2020 (CARO 2020) does not mandate asset tagging through QR codes, barcodes,...
Why Can’t I Claim GST ITC on My Car, Staff Lunches & Office Renovation?
Goods and Services Tax : Why is GST Input Tax Credit denied on cars, staff meals, and office renovation? Learn blocked credit provisions under Section 17(5...
GST on Advance for Services: Is Tax Payable Before Work Begins?
Goods and Services Tax : Is GST payable on advances received for services before work begins? Learn the time of supply rules, GST treatment of service adva...
Latest News
Section 2(47)(v) Capital Gains Deleted as Section 53A Conditions Not Satisfied: ITAT Bangalore
Income Tax : ITAT Bangalore held Section 2(47)(v) inapplicable as the JDA did not satisfy Section 53A conditions, deleting capital gains for AY...
IFSCA Updates Registration of Insurance Business Regulations, 2021
Finance : IFSCAs updated Registration of Insurance Business Regulations prescribe registration, operations, governance and compliance requir...
ICAI Renews Five-Year Mutual Recognition Agreement with CPA Australia
CA, CS, CMA : ICAI and CPA Australia renewed their Mutual Recognition Agreement for five years to continue collaboration and professional mobili...
ICAI Issues Exposure Draft on Revised Section 44AB Tax Audit Guidance Note
Income Tax : ICAI has invited public comments on the Exposure Draft revising the Guidance Note on Tax Audit under Section 44AB by 25th July, 20...
CA Foundation May 2026 Results; Pass Percentage & Top 3 Rankers
CA, CS, CMA : ICAI has declared the CA Foundation May 2026 results with an overall pass percentage of 20.09% and announced the All India top ran...
Latest Judiciary
Section 147 Reassessment Valid Where Search Material Not Directly Pertain to Assessee: ITAT Pune
Income Tax : ITAT Pune restored Section 147 reassessment, holding Section 153C was inapplicable as seized material did not directly pertain or ...
Bombay HC Permits Challenge to Section 147A Without Original Writ Petition
Income Tax : Bombay HC allowed amendment of an e-filed writ petition challenging Section 147A without requiring the original petition and dispe...
Bogus Sales Profit Addition Rejected as Sales Suppression Not Proved: Gujarat HC
Income Tax : Gujarat HC dismissed Revenue appeals, holding no 6% profit addition on sales was warranted as sales were recorded and suppression ...
Statutory Appeal Is Proper Remedy Against Customs Redemption Fine & Penalty: Madras HC
Custom Duty : Madras HC declined to entertain the writ, directed the petitioner to pursue the Section 129A appeal, and protected limitation if f...
Homebuyer Cannot Inflate CIRP Claim by Adjusting Refund Towards Interest: NCLT Mumbai
Corporate Law : NCLT Chandigarh dismissed homebuyers’ plea, upheld the RP’s claim admission methodology, and declined re-computation of intere...
Latest Notifications
SEBI Amends Employees’ Service Regulations with New Investment, Disclosure & Recusal Framework
SEBI : SEBI amends Employees’ Service Regulations, 2001 introducing revised investment, disclosure, gift, employment and recusal provis...
CBIC Empowers Board to Extend Two-Year Re-Export Period for Duty-Free Event Imports
Custom Duty : CBIC Notification No. 28/2026-Customs empowers the Board to extend the two-year period in specified cases on sufficient cause bein...
CBDT Specifies Maharashtra Authority for Income Tax Information Sharing
Income Tax : CBDT Notification No. 81/2026 specifies Maharashtra's Principal Secretary for income-tax information sharing under Section 258 for...
CBIC Extends Anti-Dumping Duty on Chinese Arylides Till 13 January 2027
Custom Duty : CBIC extends anti-dumping duty on Arylides imported from China PR till 13 January 2027 through Notification No. 17/2026-Customs (A...
No TDS on Specified Payments to Eligible IFSC Units: CBDT
Income Tax : CBDT Notification No. 80/2026 exempts specified payments to eligible IFSC Units from TDS, subject to conditions and Form No. 1(N)....
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FAQs
NSE FAQs explain Regulation 42 Record Date filing, NEAPS submission, timelines, rights issue requirements and compliance under SEBI (LODR) Regulations.
Udyam Registration is a Central registration issued by the Ministry of MSME and is valid in all States and Union Territories. No separate State-wise registration is required.
The FAQs explain that FAST-DS, introduced through the Finance Act, 2026, offers eligible taxpayers a one-time opportunity to disclose undisclosed foreign assets and income in return for immunity from specified penalties and prosecution under the Black Money Act, subject to prescribed conditions.
The Companies Act, 2013 requires most companies to hold four Board Meetings annually, while OPCs, Small Companies, and Dormant Companies need only two. Listed companies must also comply with corresponding SEBI (LODR) meeting requirements.
CBDT FAQs clarify Section 536 transition rules for summons, searches, recovery, penalties, pending 12AB/80G approvals and LDC/NDC applications.
