Latest Articles
FAQs on Faceless Income-tax Proceedings
Income Tax : The Income Tax Department explains how faceless assessments under Section 144B operate through the e-Filing portal without requiri...
FAQs on agricultural income taxation (Section 2(1A) and Rule 7)
Income Tax : The Income Tax Department has issued detailed FAQs explaining the meaning, computation, and tax treatment of agricultural income u...
Director Resignation Procedure under Companies Act, 2013 (Unlisted Public Company)
Company Law : This guide explains the procedure for director resignation under Section 168 of the Companies Act, 2013, including DIR-12 filing, ...
LLP Registration in India: Complete Guide with Costs & Compliance
Corporate Law : This guide explains LLP registration, eligibility, costs, annual compliance, and the latest 2025-26 changes, including the new Sec...
India’s Direct Tax Revolution: New Sections New Tax Slabs
Income Tax : The Income-tax Act, 2025 restructures India's direct tax framework by reducing sections, introducing new tax slabs, and consolidat...
Latest News
IRDAI Invites Comments on Reinsurance Regulation Changes to Simplify Registration
Corporate Law : IRDAI has released draft amendments simplifying the registration framework for foreign reinsurers and Lloyd's India while introduc...
IRDAI Proposes Perpetual Registration for Insurance Surveyors and Loss Assessors
Corporate Law : IRDAI has proposed replacing the existing three-year licence system for insurance surveyors and loss assessors with a perpetual re...
IRDAI Proposes Perpetual Registration for TPAs Under Draft Amendment Regulations
Corporate Law : The Exposure Draft revises the regulatory framework governing Third Party Administrators by introducing annual fee obligations, co...
IRDAI Proposes New Penalty Rules to Ensure Fair Insurance Enforcement
Corporate Law : IRDAI has issued draft regulations prescribing a transparent procedure for imposing penalties under insurance laws. The proposal e...
Advance Tax Collections Grow 15.30% due to Higher Corporate Tax Payments
Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...
Latest Judiciary
Karnataka HC Grants PMLA Bail as Undertrial Completed Half of Maximum Sentence Period
Corporate Law : The High Court observed that investigation had concluded, charge sheets had been filed, and proceedings were stalled due to stays ...
Calcutta HC Grants PMLA Bail as Prolonged Incarceration Outweighed Section 45 Rigours
Income Tax : The Calcutta High Court held that although the petitioner failed to satisfy the twin conditions under Section 45 of the PMLA, prol...
Late Fee on Supplementary Bills of Entry Set Aside as Delay Was Not Importer’s Fault
Custom Duty : The Tribunal held that late fees could not be imposed where supplementary Bills of Entry were filed due to excess cargo discovered...
ITAT Quashes Section 153C Assessment as Satisfaction Note Was Common for Multiple Years
Income Tax : The ITAT Delhi held that a consolidated satisfaction note covering several assessment years without year-specific analysis failed ...
Section 263 Revision Invalid as Mandatory Section 143(2) Notice Was Never Issued
Income Tax : The ITAT Kolkata held that reassessment completed without issuing the mandatory notice under Section 143(2) was a nullity in law. ...
Latest Notifications
MCA Extends DPT-3 Late Fee Waiver Till 31st July 2026 Due to Data Center Fire
Company Law : MCA has allowed companies to file Form DPT-3 for FY 2025-26 without additional fees until 31 July 2026 due to disruptions caused b...
IFSCA Amends SNRR Account Rules to Prescribe 30-Working-Day Remittance Requirement
Finance : IFSCA has amended its circular to require financial institutions to remit eligible funds received in SNRR accounts to their IBU ac...
IFSCA Mandates IFSC Banking Unit or SNRR Accounts for All Payments
Finance : IFSCA has amended its AML exemption circular to require all financial institutions, including exempt entities, to route business-r...
SEBI Approves Major Regulatory Reforms to Simplify Securities Market Processes
SEBI : SEBI approved wide-ranging reforms covering transmission of securities, buy-backs, mutual funds, AIFs, municipal bonds, and securi...
SEBI Clarifies Early Pay-In Margin Rules for Commodity Derivatives
SEBI : SEBI has clarified the applicability of the early pay-in facility in the commodity derivatives segment by revising its Master Circ...
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FAQs
The Income Tax Department explains how faceless assessments under Section 144B operate through the e-Filing portal without requiring personal interaction. The FAQs also cover notices, responses, rectification requests, and outstanding demand procedures.
The Income Tax Department has issued detailed FAQs explaining the meaning, computation, and tax treatment of agricultural income under Section 2(1A) and the Income-tax Rules. The guidance also clarifies exemptions, partial integration, and capital gains on agricultural land.
The Income Tax Department has clarified the purpose, contents, and access to the Annual Information Statement (AIS) and Taxpayer Information Summary (TIS). The FAQs explain how taxpayers can verify financial information and submit feedback to ensure accurate income tax return filing.
The Income Tax Department has issued comprehensive FAQs explaining what constitutes a benami property and benami transaction under the PBPT Act. The guidance also details confiscation procedures, prosecution, statutory exceptions, and appeal mechanisms.
The Income Tax Department explains how CPC processes returns under Section 143(1) by correcting apparent errors and incorrect claims without conducting a scrutiny assessment. Taxpayers receive an opportunity to respond before adjustments are finalized.