Latest Articles
Section 44ADA Eligibility Conditions & Compliance Requirements
Income Tax : Know the Section 44ADA eligibility rules, Rs. 50 lakh/Rs. 75 lakh limits, 50% income requirement, audit implications and advance t...
I Invest in US Stocks & Gold ETFs: How Are They Taxed on Sale?
Income Tax : Know the capital gains tax rules, holding periods, Schedule FA reporting, SGB taxation and foreign investment compliance under the...
GST Registration Cancellation Upheld for ITC Based on Fabricated Documents: Madras HC
Goods and Services Tax : Madras HC upheld GST registration cancellation under Section 29(2)(a) after failure to prove movement of goods and ITC claims base...
India’s MLI Problem: Ratified, But Not Notified
Income Tax : Article examines whether the MLI Principal Purpose Test has domestic effect under Section 90(1) following Nestlé SA and Sky High ...
GST Rate Changes: Five Compliance Mistakes Businesses Should Avoid
Goods and Services Tax : Article explains five common compliance mistakes after the 22 September 2025 GST rate changes, covering rates, ITC, transition sto...
Latest News
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...
Ethanol Blending in India: Policy Evolution, Milestones & Key Concerns
Corporate Law : PIB outlines Indias E20 ethanol blending progress, programme milestones, industry views, and responses to frequently raised concer...
Draft Stipend Rates for CA Articled Assistants Invited for Comments: ICAI
CA, CS, CMA : ICAI invites stakeholder comments by 5 August 2026 on draft amendments and proposed stipend rates for articled assistants under th...
Latest Judiciary
Section 153A Additions Rejected for Absence of Search Incriminating Material: Bombay HC
Income Tax : Bombay HC dismissed Revenue appeals, holding Section 153A additions required incriminating search material and Section 69A failed ...
Section 148 Reassessment Appeal Dismissed as Proceedings Continued Against Deceased Assessee: Calcutta HC
Income Tax : Calcutta HC dismissed the Department's appeal, holding Section 148 reassessment proceedings against a deceased assessee could not ...
Section 14(1)(b) Eviction Restored as Bank Amalgamation Transferred Tenancy Without Consent: SC
Corporate Law : Supreme Court restored eviction under Section 14(1)(b) DRC Act, holding bank amalgamation transferred tenancy without the landlord...
False Income Tax Verification Sustains Conviction Under Section 277: Jharkhand HC
Income Tax : Jharkhand HC upheld conviction under Section 277, holding false TDS and housing loan claims in the income tax return were supporte...
Section 68 Addition on Demonetisation Cash Deposits Deleted for Recorded Cash Sales: ITAT Jaipur
Income Tax : ITAT Jaipur deleted the Section 68 addition on demonetisation cash deposits after holding that recorded cash sales supported by bo...
Latest Notifications
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)....
SEBI Revises FVCI Fee Structure & Remittance Process
SEBI : SEBI amends FVCI Regulations, 2000 by revising fee amounts, payment timelines and designated depository participant remittance req...
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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.
