Latest Articles
F&O & Intraday Trading: Capital Gains or Business Income? Is Tax Audit Required?
Income Tax : F&O and intraday trading are business income, not capital gains. Know ITR-3, audit thresholds, loss set-off, advance tax and compl...
I Bought US Stocks & Lost 25% of My Dividend to US Tax – Do I Pay Again in India?
Income Tax : US dividends are taxable in India with FTC under the India–US DTAA. Know Form 44, Schedule FA, FTC limits and reporting requirem...
Loan Settlement Myths Indians Still Believe (And the Truth Behind Each One)
Finance : Discover 7 common loan settlement myths Indians still believe and the facts behind each. Learn about RBI rules, CIBIL impact, OTS,...
Chapter VI-A Deductions Reorganised Under Chapter VIII of Income-tax Act, 2025
Income Tax : Income-tax Act, 2025 reorganises Chapter VI-A deductions into Chapter VIII from 1 April 2026 while largely retaining existing bene...
Adult Woman Cannot Be Forced to Return Home or Marry: Bombay HC
Corporate Law : Bombay HC held that a 21-year-old woman cannot be compelled to return home or marry against her wishes, treating residence, marria...
Latest News
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...
FAQs on Filing of Corporate Action as per SEBI (LODR) Regulations, 2015
Corporate Law : NSE FAQs explain Regulation 42 Record Date filing, NEAPS submission, timelines, rights issue requirements and compliance under SEB...
IFSCA Proposes FCSS Compliance Framework for IBUs in GIFT IFSC
Finance : IFSCA invites comments on a draft FCSS circular requiring IBUs to use FCSS, promote real-time USD settlements, and meet customer c...
Request to Enable Section 270AA Immunity Applications for Misreporting Cases
Income Tax : A representation seeks activation of Form 68 filing for misreporting cases after the Finance Act, 2026 expanded immunity under Sec...
Latest Judiciary
Pune ITAT Allows Section 80P Deduction to Employees’ Credit Society – Interest from Bank Deposits Held Eligible for Deduction
Income Tax : ITAT Pune held that an employees’ co-operative credit society is entitled to deduction under Section 80P(2)(a)(i) on eligible in...
Pune ITAT Quashes Reassessment for Failure to Issue Mandatory Notice under Section 143(2) Despite Return Filed in Response to Section 148
Income Tax : ITAT Pune held reassessment under Sections 147/148 invalid as no mandatory Section 143(2) notice was issued after a valid return f...
Section 148 Notice Based on Search Material Held Without Jurisdiction: Bombay HC
Income Tax : Bombay HC quashed Section 148 notices, holding that search-based material required proceedings under Sections 153A/153C, not Secti...
Section 147 Reopening Invalid Where Section 153C Procedure Applies: Karnataka HC
Income Tax : Karnataka HC held Section 147 reopening invalid where seized material from a third-party search required proceedings under Section...
Section 147 Reopening Invalid Where Section 153C Applies: SC
Income Tax : SC dismissed the SLP, leaving intact the HC ruling that Section 147 reopening was invalid where Section 153C procedure applied....
Latest Notifications
CBIC Revises List of Goods Eligible for BCD Exemption for Lithium-Ion Cell Manufacturing
Custom Duty : CBIC Notification 27/2026-Customs amends Notification 25/2002 to revise the list of goods eligible for BCD exemption for lithium i...
CBIC Grants Nil BCD on Goods for Mobile Phone Inductor Coil Modules Until March 2029
Custom Duty : CBIC Notification 26/2026-Customs grants nil BCD on specified goods used in manufacturing inductor coil modules for mobile phones ...
CBIC Grants Nil BCD on Goods Used to Manufacture Display Assemblies
Custom Duty : CBIC Notification 25/2026-Customs grants nil BCD on specified goods used to manufacture display assemblies for automotive, medical...
Wrongful Rejection of Admitted CIRP Claim Led to 3-Year Suspension of IP
Corporate Law : IBBI suspended an Insolvency Professional for three years over wrongful rejection of an admitted CIRP claim and non-compliance wit...
RBI Removes Coӧperatieve Rabobank U.A. From Second Schedule After Banking Status Ceases
Fema / RBI : RBI notified that Coӧperatieve Rabobank U.A. ceased to be a banking company and directed its exclusion from the RBI Act’s Secon...
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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.
