Latest Articles
AI Disruption Threatens India’s $300 Billion IT Industry, Jobs & Outsourcing Model
Finance : The article explains how AI is reshaping India's IT services industry by automating routine work, forcing companies to transform t...
Role of Statement of Facts in GST Litigation Before Appellate Tribunal
Goods and Services Tax : The article explains that the Statement of Facts forms the foundation of every GST appeal. It emphasizes that accurate, evidence-b...
Free Income Tax Tool for FY 2025-26: Compare Regimes & Prepare ITR
Income Tax : The article introduces an offline tax computation tool that calculates tax under both the old and new tax regimes, helping taxpaye...
Mandatory IMS Makes Invoice Review Critical to Protect ITC & Avoid GST Return Blocks
Goods and Services Tax : The article explains how mandatory IMS and the Zero-Mismatch Policy require taxpayers to verify invoices before claiming ITC, maki...
GST Refunds: Types, Application Process & Documents Required
Goods and Services Tax : The article explains that GST refunds depend on correct statutory classification, documentation, and timelines. It highlights that...
Latest News
IBBI proposes amendments to CIRP, Liquidation & Personal Guarantor Regulations
Corporate Law : IBBI has proposed amendments to CIRP, Liquidation, and Personal Guarantor Regulations to improve valuation, clarify RP duties, sim...
ICAI Warns CAs Against Extremely Low Fee Quotes in Tenders
CA, CS, CMA : ICAI Warns CAs Against Extremely Low Fee Quotes in Tenders; Matter May Be Referred for Disciplinary Action The Professional Develo...
SEBI Proposes Municipal Bond Rule Changes to Boost Retail Investor Participation
SEBI : SEBI proposes amendments to the Municipal Debt Securities Regulations to encourage retail participation through investor incentive...
SEBI Proposes Intraday Borrowing Against Non-Guaranteed Receivables for Mutual Funds
SEBI : SEBI proposes recognising intraday borrowing as a cash management tool by permitting broader borrowing purposes with board-approve...
SEBI Proposes Simpler Securities Transmission Rules to Reduce Documentation Burden
SEBI : SEBI proposes revising the securities transmission framework by simplifying documentation, standardising procedures, and increasin...
Latest Judiciary
Section 271(1)(c) Penalty Unsustainable When Section 148 Returned Income Accepted Without Addition: ITAT Chennai
Income Tax : ITAT Chennai held that penalty under Section 271(1)(c) cannot survive when the AO accepts the income declared in the return filed ...
Abandoned Project Expenses & Lease Rent Allowable as Revenue Expenditure: ITAT Delhi
Income Tax : ITAT held that expenditure on a permanently abandoned project is deductible as revenue expenditure and deleted the related additio...
Section 153C Limitation Begins from Receipt of Seized Material by JAO: ITAT Delhi
Income Tax : ITAT held that the limitation under Section 153C must be reckoned from the date the jurisdictional AO receives seized material, no...
Returned Income Must Be Accepted When Fresh Assessment After ITAT Remand Is Time-Barred: Bombay HC
Income Tax : Bombay High Court held that failure to pass a fresh assessment within Section 153 limitation required acceptance of the returned i...
Bombay HC Deletes Penalty as Bogus Purchase Addition Was Based on Estimation
Income Tax : Bombay High Court held penalty under Section 271(1)(c) cannot survive where bogus purchase addition is sustained only on an estima...
Latest Notifications
SEBI Revises Framework for Handling Clients’ Unpaid Securities, Introduces 5-Day Pledge Limit & Auto-Release
SEBI : SEBI has amended the framework for handling clients' unpaid securities by introducing direct demat pay-out with auto-pledge throug...
Chennai Customs notified procedure for generating Transshipment Bonds
Custom Duty : Importers and Customs Brokers must submit complete TP Bond applications with supporting documents, failing which processing may be...
Maharashtra Co-operative Societies (Amendment) Rules, 2026
Corporate Law : Maharashtra has overhauled the Co-operative Societies Rules by introducing a dedicated framework for housing societies covering re...
CBDT Grants Section 10(46) Tax Exemption to Mussoorie Dehradun Development Authority
Income Tax : CBDT has notified tax exemption for specified income of the Mussoorie Dehradun Development Authority under section 10(46). The not...
SEBI Launches Settlement Helpdesk to Simplify Filing of Settlement Applications
SEBI : SEBI has introduced a Settlement Helpdesk to assist applicants with filing settlement applications, computing indicative amounts, ...
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FAQs
GSTN has clarified mandatory Ship-to GSTIN requirements, API changes and voluntary e-Way Bill closure before the proposed 1 August 2026 rollout.
RBI has launched the Integrated Ombudsman Scheme, 2026, providing a centralized, cost-free mechanism for resolving complaints against regulated entities. The Scheme also introduces structured settlements, compensation, and an appeal process.
RBI has updated the FLA Return FAQs, clarifying who must file, the 15 July deadline, revision procedures, and reporting requirements under FEMA. The guidance helps entities avoid compliance lapses and potential penalties.
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.
