Latest Articles
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...
SC Judgment in McDowell Redefined Tax Avoidance in India
Income Tax : The Supreme Court held excise duty paid by buyers formed part of turnover, discussed colourable devices, and distinguished legitim...
Buy-Back Taxation Shift to Shareholders from 1st October 2024
Income Tax : Explains the shift in buy-back taxation from companies to shareholders from 1 October 2024, including Sections 2(22), 46A, 57 and ...
Latest News
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...
Additional Investment Choices extended to Central Autonomous Bodies Employees subscribed under NPS
Corporate Law : The Government has extended two additional NPS investment options to Central Autonomous Bodies employees, enabling pension plannin...
Latest Judiciary
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....
Section 148 Reopening on Stale Search Material Invalid: ITAT Kolkata
Income Tax : ITAT Kolkata upheld quashing of Section 148 reassessment, holding reopening on stale search material amounted to change of opinion...
Section 153C Applies to Third-Party Search Material; Section 147 Reassessment Invalid: Kolkata ITAT
Income Tax : Kolkata ITAT upheld annulment of Section 147 reassessment based on third-party search material, holding Section 153C was the appli...
Latest Notifications
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...
MCA extended CCFS-2026 Until 31 August 2026
Company Law : MCA extends the Companies Compliance Facilitation Scheme, 2026 up to 31 August 2026 due to data center restoration following the...
SEBI Revises FPI Fees, Registration Requirements & Remittance Process
SEBI : SEBI's 3 July 2026 notification revises FPI fee structure, registration requirements, remittance timelines and effective dates und...
SEBI Shifts Custodian Reporting and Fee Payment to Monthly Basis
SEBI : SEBI's 3 July 2026 notification mandates monthly reporting and fee payments for custodians from 1 October 2026 with revised fee pr...
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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.
