Latest Articles
P&H HC Quashed Unreasoned GST Order as Assessee’s Reply Was Not Considered
Goods and Services Tax : The Punjab and Haryana High Court held that a GST order passed without considering the assessee's reply and without recording reas...
FAQs on Disallowance of cash expenses or limit on cash transactions
Income Tax : This FAQ serves as a reference for the Income-tax Act provisions relating to cash receipts, loans, repayments, and electronic paym...
FAQs on ICDS (Income Computation and Disclosure Standards)
Income Tax : This FAQ covers all ten notified ICDS, explaining their scope, applicability, disclosures, and treatment of various tax-related tr...
RBI’s ECL Framework: From Incurred Loss Regime to Expected Loss Regime
Fema / RBI : RBI has introduced the Expected Credit Loss (ECL) Framework, requiring banks to make forward-looking provisions before loan defaul...
FAQs on Penalty provisions under Income Tax Act, 1961
Income Tax : This guide explains when penalties can be imposed under various provisions of the Income-tax Act, 1961. It also outlines the appli...
Latest News
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...
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...
Latest Judiciary
CCPA Fined Oriens Global Marketing ₹1 Lakh for Misleading Website Disclosures
Corporate Law : The CCPA ruled that incomplete product details, unverifiable regulatory credentials, and missing mandatory disclosures violated th...
Zorro Night Club Penalised for Automatic Service Charge Despite Consumer Objection
Corporate Law : The CCPA held that automatically adding a service charge to restaurant bills violated the Consumer Protection Act and the CCPA Gui...
English Oven Fined ₹1 Lakh as CCPA Finds ‘100% Atta Bread’ Claim Misleading
Corporate Law : CCPA held that advertising bread as 100% Whole Wheat despite containing only 87% wheat flour was misleading. The authority ordered...
CCPA Penalises Narayana Coaching Institute for Misleading JEE Rank Advertisement
Corporate Law : The Authority ruled that selectively withholding course information and presenting disclaimers in illegible font misled prospectiv...
CCPA Imposes Penalty for Selling Walkie-Talkies Without Mandatory Licensing Disclosures
Corporate Law : The CCPA held that failure to prominently disclose licensing requirements, frequency details, and regulatory approvals for walkie-...
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
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.
The FAQs clarify the implementation of the IFSCA AML/CFT/KYC Guidelines, covering customer due diligence, reporting obligations, governance requirements, and regulatory compliance for IFSC entities.
The FAQs clarify that OPCs and Small Companies are governed primarily by Rule 8A for Board’s Report disclosures instead of the detailed requirements under Rule 8. They also explain the continuing applicability of Section 134(3) where no specific exemption exists.
