Latest Articles
ESOP Buyback in Unlisted Companies: Two-Tax Problem Employees Aren’t Prepared For
Income Tax : The article explains how ESOP taxation in unlisted companies occurs at both exercise and buyback stages. It highlights perquisite ...
Can Enforcement Officers Issue GST DRC-01 Under Section 67?
Goods and Services Tax : This article examines whether Enforcement Officers can legally issue DRC-01 under Section 67 of the GST law. It explains why tax d...
How to Shift a Company’s Registered Office from One State to Another?
Company Law : This guide explains the complete legal procedure for shifting a company's registered office across states under the Companies Act,...
RERA Tech-Audit Reality: Surviving Crackdown with Forensic Reconciliation
Corporate Law : MahaRERA issued thousands of show-cause notices for failure to update Quarterly Progress Reports and comply with RERA requirements...
File Your GST Tribunal Appeal against appellate order before 30th June 2026
Goods and Services Tax : Appeals against GST appellate orders passed before 1 April 2026 must be filed by 30 June 2026. The article explains the filing pro...
Latest News
PFRDA Launches AI Pension Sahayak to Revolutionize Grievance Redressal
Corporate Law : PFRDA has introduced the AI-powered Pension Sahayak portal, replacing the earlier CGMS with a multilingual, voice-enabled grievanc...
CCPA Fines Food Brands ₹1 Lakh Each for Misleading “100%” Product Claims
Corporate Law : CCPA imposed ₹1 lakh penalties on two food companies for using misleading 100% claims that did not match the actual composition ...
IRDAI Proposes Insurance Intermediary Reforms to Align with SBSR Act 2025
Corporate Law : IRDAI has proposed comprehensive amendments to insurance intermediary regulations to implement the SBSR Act, 2025. The proposals s...
GSTAT Bar Seeks Extension of GST Appeal Deadline to 31 December 2026
Goods and Services Tax : The GSTAT Bar Association has urged CBIC to extend the GST Tribunal appeal deadline due to persistent technical glitches on the GS...
FAQs on IFSCA (AML, Counter-Terrorist Financing & KYC) Guidelines, 2022
Finance : The FAQs clarify the implementation of the IFSCA AML/CFT/KYC Guidelines, covering customer due diligence, reporting obligations, g...
Latest Judiciary
IBC Cannot Be Used to Recover NH-10 Movie Revenue-Sharing Dues: NCLT
Corporate Law : The NCLT held that a film co-production arrangement involving joint investment, shared control, and profit sharing did not create ...
Kerala HC Sets Aside ITAT Order as It Proceeded on Erroneous Assumption
Income Tax : The Kerala High Court held that the ITAT wrongly assumed that the Assessing Officer had not examined either disputed issue. It rem...
Kerala HC Directs ITO to Reconsider Section 80P Claim as Delay in Filing Return Was Condoned
Income Tax : The Kerala High Court held that condonation of delay in filing the income tax return could materially affect the assessment denyin...
Section 16(4) Time Limit Cannot Defeat Section 16(5) ITC Relief: Kerala HC
Goods and Services Tax : The Kerala High Court held that the non-obstante clause in Section 16(5) prevails over the time limit under Section 16(4) where re...
Section 271D Penalty Challenge Relegated to Statutory Remedy as Facts Were Disputed
Income Tax : The Kerala High Court held that factual disputes relating to a penalty under Section 271D must first be examined through the statu...
Latest Notifications
RBI Keeps Repo Rate Unchanged at 5.25% Due to Global Uncertainty
Fema / RBI : The Monetary Policy Committee unanimously retained the repo rate at 5.25% and maintained a neutral stance, citing geopolitical ten...
MCA Extends time period for validity of name reservation and resubmission
Corporate Law : The MCA has introduced temporary relief measures extending name reservation validity and e-form resubmission deadlines affected by...
Anti-Dumping Duty on Chinese PET Resin Extended Due to Continued Dumping and Injury
Custom Duty : The notification continues anti-dumping duty on PET resin originating in or exported from China after authorities found that remov...
India Imposes Anti-Dumping Duty on Sulphenamides Accelerators
Custom Duty : The notification imposes anti-dumping duty after DGTR concluded that imports from the subject countries undercut domestic prices a...
RBI Issues New KCC Directions to Expand Credit Access for Farmers & Allied Activities
Fema / RBI : RBI has issued comprehensive Kisan Credit Card Directions for Rural Co-operative Banks effective from 1 January 2027. The framewor...
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FAQs
The FAQs explain the revised CBDT guidelines on compounding offences under the Income-tax Act effective from 17 October 2024. They cover eligibility, application procedure, compounding charges, repeat applications, and payment rules.
Learn the eligibility, investment conditions, exemption limits, timelines, and withdrawal provisions for capital gains exemptions under Sections 54 to 54GB. The guide also explains the Capital Gains Account Scheme and key compliance requirements.
This FAQ serves as a reference for the Income-tax Act provisions relating to cash receipts, loans, repayments, and electronic payment compliance. It also highlights the statutory thresholds, exceptions, and penalties for various defaults.
This FAQ covers all ten notified ICDS, explaining their scope, applicability, disclosures, and treatment of various tax-related transactions. It serves as a consolidated reference for ICDS compliance under the Income-tax Act.
This guide explains when penalties can be imposed under various provisions of the Income-tax Act, 1961. It also outlines the applicable penalty amounts for different types of tax defaults and compliance failures.
