Latest Articles
Taxation of Charitable & Religious Trusts: A Guide to Sections 11–13 – Part-II
Income Tax : This analysis explains how Parliament designed Sections 11 to 13 to ensure that tax-free income is ultimately used for charitable ...
Compounding of Offences under Income-tax Act, 1961
Income Tax : The revised CBDT guidelines effective from 17 October 2024 streamline the compounding process under the Income-tax Act by prescrib...
Section 40A: Expenses or payments not deductible in certain circumstances
Income Tax : Section 40A of the Income-tax Act restricts the deduction of specified business expenses where statutory conditions are not fulfil...
Income Tax Certificate of lower/no deduction of tax at source
Income Tax : Taxpayers can apply for a nil or lower TDS certificate in Form 13 when their estimated tax liability supports deduction at a reduc...
Prohibited transaction in cash/limit on cash transactions
Income Tax : The Income-tax Act contains strict provisions under Sections 40A(3), 269SS, 269ST, 269SU, and 269T to regulate cash transactions, ...
Latest News
CA Final Live Virtual Classes for May 2027 and November 2027 Examinations
CA, CS, CMA : ICAIs Board of Studies has announced free Live Virtual Classes for CA Final students appearing in May and November 2027 examinatio...
Govt Prescribes Standard Edible Oil Pack Sizes to Improve Price Comparison for Consumers
Corporate Law : The government has exempted smaller edible oil packs and minor edible oils from standardisation requirements. The exemption is aim...
Empanelment with Punjab & Sind Bank for Concurrent Audit: Last Date 15/06/2025
CA, CS, CMA : Apply for concurrent audit assignments at Punjab & Sind Bank for the year 2025-26. Criteria include FCA partner, RBI panel selecti...
Pension Reforms in the Era of Digitalisation: Balancing Flexibility and Assurance
Corporate Law : The address highlights how Aadhaar, UPI, eNPS, and other digital tools are transforming pension enrolment and service delivery. It...
Govt Announces Measures to Deepen G-Sec Market & Boost FPI in Equities
Finance : The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 ...
Latest Judiciary
GST Registration Restoration Allowed subject to FIling of Pending Returns & Payment of Dues
Goods and Services Tax : The Gauhati High Court directed authorities to consider restoration of GST registration after the taxpayer filed pending returns a...
Collective Freight Rate Fixation by Truck Unions Breached Competition Act: CCI
Corporate Law : The Competition Commission found that truck associations collectively fixed freight charges beyond government-prescribed limits an...
No GST Refund as Foreign Group Entity Rendered Core Procurement Functions: GSTAT
Goods and Services Tax : The Tribunal held that procurement strategy, supplier oversight, and sourcing support formed part of a substantive procurement ser...
ITAT Deletes section 69 Addition as Revenue Failed to Prove Investment in Relevant Year
Income Tax : The Mumbai ITAT held that an addition under section 69 cannot survive when the Revenue fails to establish that the alleged investm...
CESTAT Allows CENVAT Credit as Rule 16 Not Requires Goods to Be Returned to Same Buyer
Excise Duty : CESTAT Mumbai held that Rule 16(2) of the Central Excise Rules does not mandate that remanufactured goods be supplied back to the ...
Latest Notifications
Nil Customs Duty on Goods Under Tariff Item 26020010 under India Australia ECTA
Custom Duty : The Central Government has amended Notification No. 62/2022-Customs to prescribe a 0% Basic Customs Duty on all goods falling unde...
Common Adjudicating Authority Appointed for SVB SCNs – Koinone Polytech
Custom Duty : CBIC has designated a common adjudicating authority to decide several customs show cause notices issued by different commissionera...
IBBI RTI Appeal Disposed as Information Was Ultimately Provided Despite One-Day Delay
Corporate Law : The First Appellate Authority noted that the CPIO exceeded the statutory RTI timeline by one day. However, since the requested clo...
IBBI Suspends Insolvency Professional for One Year Over Repeated Compliance Failures
Corporate Law : The IBBI held that prolonged failure to hold SCC meetings, delayed progress reporting, and repeated absence before the Adjudicatin...
GSTN Extends Timeline for ‘Ship To GSTIN’ & E-Way Bill Closure Implementation
Goods and Services Tax : GSTN has postponed the implementation of mandatory "Ship To GSTIN" capture and voluntary E-Way Bill closure to 1 August 2026. The ...
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FAQs
CDSCO registration is required for importing, manufacturing, or marketing regulated healthcare products in India. The approval ensures compliance with safety, quality, and regulatory standards.
The FAQ clarifies that the Companies Act, 2013 does not restrict adjournment of a duly convened and commenced AGM. An adjourned AGM is treated as a continuation of the original meeting rather than a fresh meeting.
This FAQ examines the statutory authorities empowered to convene an Extraordinary General Meeting under the Companies Act, 2013. It explains when the Board, requisitionists, members, directors, or NCLT can validly step in to ensure corporate governance continues.
While permitting extensive investigations, the Court has clarified that allegations alone do not establish criminal liability. Any determination of guilt must be made through the judicial process after evidence is examined.
The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 April 2026. The reform aims to attract stable long-term foreign investment and make India’s debt market globally competitive.
