Latest Articles
Clause wise Items reportable in Income Tax Audit Report (Form 3CA/3CB/3CD)
Income Tax : Understand every reporting requirement under Form 3CD as amended by the Finance Act, 2026. This guide explains clause-wise disclos...
Section 50AA: Why Long-Held Assets Can Still Be Taxed as Short-Term Gains
Income Tax : Section 50AA overrides the normal holding period rules and deems gains from specified assets as short-term capital gains, even if ...
Black Tuesday: What Triggered South Korea’s Sharpest Market Sell-Off of 2026
Finance : Asian technology stocks suffered a sharp correction as profit-taking, AI valuation concerns, rising U.S. interest rates, and heavy...
Composite Supply vs Mixed Supply: Practical GST Guide with Examples
Goods and Services Tax : Learn the difference between Composite Supply and Mixed Supply under the CGST Act, 2017, and understand how the correct classifica...
GST Registration Can Be Restored Even After Revocation Deadline if Returns Are Filed
Goods and Services Tax : The Gauhati High Court held that GST registration cancelled for non-filing of returns may still be restored after the statutory re...
Latest News
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...
FAQs on Index of Services Production – Trial Indices with Base year 2024 -25
Corporate Law : MoSPI will introduce the Index of Services Production (ISP) to measure short-term changes in the formal services sector. The month...
ICAI Launches AI Innovation Summit 2026 to Accelerate AI Skills for CAs
CA, CS, CMA : ICAI inaugurated AIS 2026 to strengthen AI adoption in the accounting profession through advanced certifications, AI publications,...
ICSI Seeks DRT Appearance Rights as CS Handle Complex Debt Recovery Matters
Company Law : ICSI has urged the Government to amend the law to allow Company Secretaries in Practice to appear before DRTs and DRATs. It argues...
ICSI Seeks Action against Eligible Companies Failed to Appoint Whole-Time CS
Company Law : ICSI has urged the MCA to ensure eligible companies comply with Section 203 by appointing Whole-time Company Secretaries. The repr...
Latest Judiciary
ITAT Grants Section 87A Rebate on Special Rate STCG Tax as Total Income Qualified
Income Tax : ITAT held that Section 87A rebate cannot be denied on tax payable under Section 111A where the assessee qualifies under the prescr...
ITAT Restricts Bogus Purchase Addition as AO Applied Unrelated Gross Profit Rate
Income Tax : ITAT Delhi held that applying the gross profit rate of a different assessment year was excessive. It reduced the addition to 1% GP...
No tax on receipts of professional service of German Tax Resident in India; it was covered under Article 14 of India–Germany DTAA
Income Tax : Receipts earned by a German resident individual from rendering managerial, consultancy and business development services outside I...
ITAT Cancels Section 153C Proceedings as Amended Law Barred Jurisdiction
Income Tax : The Tribunal ruled that proceedings initiated under the old Section 153C framework after the Finance Act, 2021 amendments were leg...
CESTAT Quashes Service Tax Demand as No Mining Licence or Royalty Payment Was Proved
Service Tax : The Tribunal held that service tax under RCM could not be demanded where the department failed to prove that the assessee held min...
Latest Notifications
GST Proceedings Valid Despite Jurisdiction Change Due to Business Migration
Goods and Services Tax : CBIC clarified that proceedings validly initiated before a taxpayer's jurisdiction changes remain legally valid. The new jurisdict...
CBDT Grants Five-Year Scientific Research Recognition to Public Health Foundation
Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...
CBDT Approved University of Hyderabad for Scientific Research Tax Benefits
Income Tax : CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval i...
IBBI Penalises RP for Defying NCLT Orders on Financial Creditor Claim
Corporate Law : The Disciplinary Committee found that the Resolution Professional delayed admission of a financial creditor's claim and failed to ...
RBI Issues New Credit Derivatives Directions to Expand CDS and TRS Framework
Fema / RBI : RBI has notified the Credit Derivatives Directions, 2026, replacing the 2022 framework. The Directions introduce a comprehensive r...
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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.
