Latest Articles
Complete TDS Rate Chart for AY 2026-27 After Finance Act 2026
Income Tax : This guide consolidates the latest TDS rates applicable to residents, non-residents, companies, and firms under the Income-tax Act...
GST at 9: How a ‘Good and Simple Tax’ Became a Compliance-Intensive Regime
Goods and Services Tax : Nine years of GST reforms added new returns, e-invoicing, reconciliations, and system controls, significantly increasing complianc...
Complete Income Tax Rate Guide for AY 2026-27 After Finance Act 2026
Income Tax : This guide explains the income-tax rates applicable to individuals, HUFs, companies, firms, co-operative societies, and other taxp...
No Cash Recovery Under GST Rule 86B When Output Tax Is Fully Paid Through ITC
Goods and Services Tax : GST Rule 86B cannot independently justify cash recovery where tax is fully paid through valid ITC. Court held the rule is procedur...
Rates of Depreciation as Per Income Tax Act, 1961
Income Tax : This guide compiles the depreciation rates applicable to buildings, machinery, vehicles, computers, renewable energy assets, ships...
Latest News
SEBI Proposes Uniform AIF Investor Consent Rules
SEBI : SEBI proposes replacing varying investor approval thresholds with a uniform 75% consent requirement by value wherever applicable. ...
ICAI Partners with Sarvam AI: What It Means for CAs & Future of Profession
CA, CS, CMA : ICAI has partnered with Sarvam AI to promote AI adoption, digital upskilling, and professional learning for Chartered Accountants....
ICAI CA Exam Prep: Sessions for September 2026 Foundation
CA, CS, CMA : ICAI has announced 'Success at CA Exam' sessions for CA Foundation September 2026 students. The sessions will provide subject-wise...
Mock Test Papers Series I & II for September 2026 CA Foundation Exam
CA, CS, CMA : ICAI has released the schedule for CA Foundation September 2026 Mock Test Papers Series I and II. Students can participate in phys...
Company Secretaries Should Be Eligible for CPSE Director Posts: ICSI
Company Law : ICSI has urged PESB to recognize Company Secretaries as eligible for Board-level and Functional Director positions in CPSEs. The r...
Latest Judiciary
MMR Cannot Be Applied Through Rectification as Issue Required Detailed Examination
Income Tax : ITAT held that Section 154 cannot be used where applicability of Section 167B requires factual examination, making the issue debat...
NCLAT Sets Aside CFO Appointment as Articles Cannot Override Companies Act
Company Law : The NCLAT held that CFO nominees must satisfy the eligibility requirements under Section 203 of the Companies Act. It set aside th...
SC Upholds Dismissal of Writ as Delay & Laches Defeated GST Challenge
Goods and Services Tax : SC upheld dismissal as the petitioner bypassed the statutory appeal and filed a delayed writ without sufficient explanation....
GST Writ Petition Dismissed as Delay & Laches Barred Relief: P&H HC
Goods and Services Tax : unjab & Haryana HC dismissed the GST writ as delayed, holding unexplained delay and failure to pursue statutory appeal barred reli...
Gujarat HC Quashes Section 148 Notice as Adjournment Request Was Ignored
Income Tax : Gujarat HC quashed the reassessment proceedings after holding that ignoring the assessee's adjournment request violated natural ju...
Latest Notifications
NFMIMS Import Registration Rules Changed as DGFT Extends Compliance Timeline
DGFT : DGFT has amended the import policy for copper and aluminium, allowing NFMIMS registration anytime before the Customs "Out of Charg...
Tariff Values for Palm Oil, Soybean Oil, Gold, Silver & Brass Scrap wef 01.07.2026
Custom Duty : CBIC has revised tariff values for edible oils, gold, silver and brass scrap under Notification No. 60/2026-Customs (N.T.). The re...
IBUs Cannot Onboard New Customers as IFSCA Sets Compliance Deadline
Finance : IFSCA has revised its internet banking framework, giving existing IBUs until 31 July 2026 to comply, failing which they cannot onb...
SEBI Constitutes Expert Working Group to Review Debenture Trusteeship Regulatory Framework
SEBI : SEBI has constituted an Expert Working Group to review the Debenture Trustees regulatory framework, strengthen trustee responsibil...
CBIC Extends AIDC Exemption on Ammonium Nitrate Imports Till 15 July 2026
Custom Duty : The Government has extended the validity of Notification No. 13/2026-Customs from 30 June to 15 July 2026. The amendment ensures c...
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FAQs
MoSPI will introduce the Index of Services Production (ISP) to measure short-term changes in the formal services sector. The monthly indicator will complement the IIP and improve economic monitoring and policymaking.
Learn who can apply for an advance ruling, applicable fees, withdrawal rules, and its binding effect under the Income-tax Act. The guide also explains the transition from AAR to the Board for Advance Rulings and the e-Advance Ruling Scheme.
The document clarifies that a director’s resignation becomes effective upon receipt by the company or the specified future date, without requiring Board approval. It also explains the statutory compliances and continuing liabilities after resignation.
Understand who must undergo a tax audit under Section 44AB, the applicable turnover limits, audit forms, filing procedure, due date, and penalties for non-compliance. This guide explains the key compliance requirements for businesses and professionals.
Learn how different types of income tax assessments are conducted under the Income-tax Act. The FAQs explain assessment procedures, notices, timelines, reassessment provisions, and taxpayer remedies.
