Latest Articles
Ghost Assets: A Hidden Risk in Fixed Asset Registers
Corporate Law : The article explains ghost assets, their financial and audit impact, CARO 2020 requirements, and the importance of periodic physic...
Advance Tax Provisions Retained in Income-tax Act 2025 with Renumbered Sections
Income Tax : Income-tax Act 2025 retains advance tax provisions, payment schedule and conditions, with only section numbers replacing those und...
GST At 9 Years: System Is Running, Time to Simplify for Taxpayers
Goods and Services Tax : Nine years after GST, the article reviews higher revenue and taxpayer growth while calling for simpler compliance, fewer notices a...
SEBI Grade A: The Ideal Career Move for CA and CS Professionals
CA, CS, CMA : SEBI Grade A offers CA & CS professionals a direct path to a high-paying regulatory career. Check eligibility, salary, age limit, ...
Section 69 GST: SC Upholds Arrest Powers with Strict Safeguards
Goods and Services Tax : Supreme Court upheld Section 69 GST arrest powers, requiring recorded reasons, CrPC safeguards, CBIC instructions and limiting arr...
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 12AA Registration Upheld as GPU Charitable Status Recognised: Gujarat HC
Income Tax : Gujarat HC dismissed the Revenue’s appeal, holding that the assessee’s activities retained charitable status under Section 2(1...
Section 69A Addition Deleted as Cash Deposits Were Business Turnover: ITAT Chennai
Income Tax : ITAT Chennai deleted the Section 69A addition as cash deposits formed part of disclosed business turnover while upholding 2% profi...
Post-Manufacture Type Test Charges Excluded from Excise Value: CESTAT Mumbai
Excise Duty : CESTAT Mumbai set aside excise demand, holding optional type test charges collected separately after manufacture are not includibl...
Section 10(37) Exemption Allowed; Agricultural Land Held Outside Capital Asset Definition: ITAT Chennai
Income Tax : ITAT Chennai allowed Section 10(37) exemption and deleted capital gains addition after finding revenue records and statutory notif...
Section 50(3) Interest Upheld for Wrongful ITC Availment & Utilisation: Madras HC
Goods and Services Tax : Madras HC upheld interest under Section 50(3), holding ITC arising from GSTR-3B and GSTR-2A discrepancy amounted to wrongful avail...
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.
