Latest Articles
Section 13(3)(b) Cannot Substitute Statutory Recipient With Ultimate Beneficiary: Bombay HC
Goods and Services Tax : The article explains why Section 13(3)(b) is a narrow exception to Section 13(2), requiring identification of the statutory recipi...
Salaried Taxpayers Can Pay Nil Tax Up to ₹12.75 Lakh Under New Regime
Income Tax : Learn how the Rs. 75,000 standard deduction and Section 87A rebate reduce tax liability to nil for eligible salaried taxpayers un...
Consolidated Satisfaction Note for Multiple Years Invalidates Section 153C Jurisdiction: ITAT Delhi
Income Tax : ITAT Delhi held that a single satisfaction note for multiple assessment years fails the mandatory requirements of Section 153C, re...
GST at 9: Gains, Pains, Challenges and Way Forward
Goods and Services Tax : Nine years of GST have delivered higher revenue, digital compliance, and economic integration, while challenges such as ITC disput...
FAQ on Udyam Registration of Enterprise
Goods and Services Tax : Udyam Registration is a Central registration issued by the Ministry of MSME and is valid in all States and Union Territories. No s...
Latest News
ICAI Denies Data Breach Claims, Calls Social Media Allegations Malicious
CA, CS, CMA : ICAI has categorically rejected social media claims of a data breach, confirming that no members', students', or examination recor...
Beware of Fraudulent Communications Impersonating MCA Officials
Company Law : MCA has cautioned stakeholders against phishing calls, WhatsApp messages, emails, fake websites, and ZIP attachments impersonating...
IBBI proposes amendments to CIRP, Liquidation & Personal Guarantor Regulations
Corporate Law : IBBI has proposed amendments to CIRP, Liquidation, and Personal Guarantor Regulations to improve valuation, clarify RP duties, sim...
ICAI Warns CAs Against Extremely Low Fee Quotes in Tenders
CA, CS, CMA : ICAI Warns CAs Against Extremely Low Fee Quotes in Tenders; Matter May Be Referred for Disciplinary Action The Professional Develo...
SEBI Proposes Municipal Bond Rule Changes to Boost Retail Investor Participation
SEBI : SEBI proposes amendments to the Municipal Debt Securities Regulations to encourage retail participation through investor incentive...
Latest Judiciary
BSNL VRS-2019 Compensation Exempt as Retrenchment Compensation: ITAT Pune
Income Tax : ITAT Pune held that BSNL VRS-2019 compensation qualifies as retrenchment compensation under Section 10(10B), allowing tax exemptio...
Sections 276CC, 278B Prosecution Quashed as Director Resigned Before Return-Filing Default: Bombay HC
Income Tax : The Court quashed criminal proceedings after finding that the petitioner had ceased to be a director before the due date for filin...
ELFA-Based VIDAS Diagnostic Kits Eligible for ELISA Customs Exemption: CESTAT Chennai
Custom Duty : ELFA-based VIDAS diagnostic kits were eligible for the customs exemption available to ELISA kits under Notification No. 50/2017-Cu...
No penalty u/s 271DA as there was no proof of section 269ST violation
Income Tax : Penalty under section 271DA could not be sustained merely on the basis of unverified seized data without independent corroborative...
Unregistered Charitable Trust Can Claim Section 57(iii) Deduction Against Gross Receipts: ITAT Mumbai
Income Tax : ITAT Mumbai held that denial of Section 11 exemption does not bar consideration of deductions under Section 57(iii) after factual ...
Latest Notifications
CBDT Approves IIHS for Social Science Research under Section 45(3)(a)(ii)
Income Tax : CBDT has notified the Indian Institute for Human Settlements as an approved institution for social science and statistical researc...
CBIC Prescribes Deficiency Memo Format for Drawback Claims
Custom Duty : CBIC has introduced a uniform Deficiency Memo format for Section 74 drawback claims, standardizing document requirements and claim...
IBBI CPIO Advised to Follow RTI Timelines as Response Was Delayed Beyond 30 Days
Corporate Law : The IBBI First Appellate Authority held that although the CPIO failed to respond within the statutory 30-day period under the RTI ...
China Glufosinate Imports Face Provisional Assessment & Additional Guarantee: CBIC
Custom Duty : CBIC has directed provisional assessment of imports of Glufosinate and its salt from China pending the anti-absorption review. Imp...
China-Origin Insoluble Sulphur Imports Face Provisional Assessment Pending Review: CBIC
Custom Duty : CBIC has directed provisional assessment of Insoluble Sulphur imports from China while the anti-absorption review remains pending....
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FAQs
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.
GSTN has clarified mandatory Ship-to GSTIN requirements, API changes and voluntary e-Way Bill closure before the proposed 1 August 2026 rollout.
RBI has launched the Integrated Ombudsman Scheme, 2026, providing a centralized, cost-free mechanism for resolving complaints against regulated entities. The Scheme also introduces structured settlements, compensation, and an appeal process.
