Latest Articles
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...
RBI’s Kisan Credit Card Scheme: Eligibility, Loan Limits and Key Benefits
Fema / RBI : The Directions outline the revised Kisan Credit Card framework covering eligible farmers, credit limits, collateral norms, and agr...
FAQs on Compounding of Offences under Income Tax Act, 1961
Income Tax : The FAQs explain the revised CBDT guidelines on compounding offences under the Income-tax Act effective from 17 October 2024. They...
RBI Credit Reporting Amendment Directions 2025: Key Changes for NBFCs
Fema / RBI : RBI has introduced a new multi-cycle credit reporting framework for NBFCs, replacing monthly reporting with four reporting cycles ...
Latest News
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...
IRDAI Proposes Major Actuarial Rule Changes to Align with Insurance Law Amendments
Corporate Law : IRDAI's draft 2026 amendments overhaul actuarial governance, reporting, investment norms, and insurer compliance to align with the...
Latest Judiciary
Pune ITAT Deletes ₹44.80 Crore Angel Tax Addition; AO Cannot Replace Assessee’s DCF Valuation with NAV Method
Income Tax : The Tribunal held that Rule 11UA gives the assessee the exclusive option to choose the valuation method for unquoted shares. While...
Pune ITAT Deletes ₹4.02 Crore ‘On-Money’ Addition; Third-Party Statements and Dumb Documents Not Enough
Income Tax : The Tribunal held that contradictory third-party statements and unverified allegations cannot form the sole basis for taxing alleg...
Pune ITAT Deletes ₹50 Lakh Penalty U/s 271D; Third-Party Statement Alone Cannot Prove Cash Loan
Income Tax : The ITAT held that an untested third-party statement, without supporting evidence or cross-examination, cannot form the sole basis...
GST Appeal Can’t Be Rejected If Delay Was Due to Pending Rectification Plea: Telangana HC
Goods and Services Tax : The Telangana High Court held that an appeal should not be dismissed as time-barred when the taxpayer was diligently pursuing a st...
Section 12AA Registration Benefit Allowed as Assessment Was Pending: ITAT Agra
Income Tax : The ITAT held that registration granted under Section 12AA before completion of assessment entitled the trust to claim exemption f...
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.
