Latest Articles
GST Section 74 Cannot Be Invoked as a Default Weapon Without Fraud Proof: Madras HC
Goods and Services Tax : The Madras High Court emphasized that Section 74 requires clear evidence of fraud, wilful misstatement, or suppression and cannot ...
Mandatory -“Ship-To GSTIN” Reporting and Voluntary Closure of E-Way Bills
Goods and Services Tax : GSTN has made Ship-To GSTIN reporting mandatory for Bill-To/Ship-To transactions and introduced a voluntary e-Way Bill closure fac...
Section 155 Cannot Force Buyers to Prove Supplier Default Under GST
Goods and Services Tax : The article explains that Section 155 requires taxpayers to prove their own ITC eligibility, not guarantee their suppliers' tax co...
Time limit for issuing different income-tax notices & completion of assessment
Income Tax : Understand the statutory time limits for issuing income-tax notices and completing assessments under the Income-tax Act. The guide...
Rectification, Assessment and Appeal under Income Act, 1961
Income Tax : Learn the updated provisions governing rectification, assessments, reassessments, and appeals under the Income-tax Act. This guide...
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
Allahabad HC Dismisses PIL Challenging DFIA Scheme as Existing HC Precedents Govern Duty-Free Imports
DGFT : Allahabad High Court held that additional conditions for DFIA imports were contrary to binding judgments and dismissed the PIL....
Popcorn Maize Import Allowed as SION Entry E75 Imposes No Variety Restriction
DGFT : Bombay High Court held that SION Entry E75 permits import of maize without restricting its variety, allowing popcorn maize under t...
NCLAT Allows Joint Compounding Applications as Companies Act Has No Express Bar
Income Tax : NCLAT held that a single application covering multiple years and company officers is maintainable in the absence of any statutory ...
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...
Latest Notifications
RBI Drafts New Money Market Rules to Boost Liquidity & Expand Participation
Fema / RBI : RBI has released draft Master Directions for Call, Notice and Term Money Markets to increase liquidity, widen market participation...
RBI Issues Draft Master Direction to Consolidate Govt Securities Market Rules
Fema / RBI : RBI has released draft Directions consolidating existing rules governing secondary market transactions in Government securities in...
RBI Issues Draft Guidance on Regulatory Principles for Model Risk Management
Fema / RBI : RBI has proposed a comprehensive regulatory framework for managing risks arising from traditional and AI/ML models used by regulat...
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...
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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.
