Latest Articles
Section 69 GST: SC Upholds Arrest Powers with Strict Safeguards
Goods and Services Tax : Supreme Court upheld Section 69 GST arrest powers, requiring recorded reasons, CrPC safeguards, CBIC instructions and limiting arr...
The Economics of FIFA World Cup 2026!
Finance : The article explains FIFA World Cup 2026 revenue sources, host country economic impact, India broadcasting rights, accounting aspe...
GST Reporting for Restaurants: Food, Liquor & Swiggy/Zomato Orders
Goods and Services Tax : Learn GST treatment, GSTR-1 and GSTR-3B reporting, accounting entries and Section 9(5) compliance for restaurant, liquor and ECO s...
Fast Track Mergers: Evolving Framework & Practical Challenges
Company Law : Section 233 Fast Track Merger framework expanded through 2025 amendments with wider eligibility, revised timelines, new safeguards...
Section 159 Income Tax Rules on Legal Representative’s Liability After Taxpayer’s Death
Income Tax : Explains Section 159, legal representative obligations, estate liability limits, return filing process and treatment of post-death...
Latest News
Section 2(47)(v) Capital Gains Deleted as Section 53A Conditions Not Satisfied: ITAT Bangalore
Income Tax : ITAT Bangalore held Section 2(47)(v) inapplicable as the JDA did not satisfy Section 53A conditions, deleting capital gains for AY...
IFSCA Updates Registration of Insurance Business Regulations, 2021
Finance : IFSCAs updated Registration of Insurance Business Regulations prescribe registration, operations, governance and compliance requir...
ICAI Renews Five-Year Mutual Recognition Agreement with CPA Australia
CA, CS, CMA : ICAI and CPA Australia renewed their Mutual Recognition Agreement for five years to continue collaboration and professional mobili...
ICAI Issues Exposure Draft on Revised Section 44AB Tax Audit Guidance Note
Income Tax : ICAI has invited public comments on the Exposure Draft revising the Guidance Note on Tax Audit under Section 44AB by 25th July, 20...
CA Foundation May 2026 Results; Pass Percentage & Top 3 Rankers
CA, CS, CMA : ICAI has declared the CA Foundation May 2026 results with an overall pass percentage of 20.09% and announced the All India top ran...
Latest Judiciary
SC Upholds HC Order on VRS; Clarifies Benefit Parity
Corporate Law : SC dismissed the SLP, found no ground for interference under Article 136, and clarified that benefits should be given at par with ...
VRS Scheme Appeals Dismissed; Single Judge Order Modified on Company Liability: Madras HC
Corporate Law : Madras HC dismissed the Government's appeals, modified the Single Judge's order on company liability, and directed VRS implementat...
Section 40(a)(i) Disallowance Deleted Applying DTAA Non-Discrimination Clause: ITAT Delhi
Income Tax : ITAT Delhi deleted the Section 40(a)(i) disallowance by applying the India-Japan DTAA non-discrimination clause and dismissed the ...
SC Denies Section 80-O Deduction for Marine Product Procurement Services
Income Tax : Supreme Court held that services rendered by marine product procurement agents did not qualify for deduction under Section 80-O as...
Section 80P(2)(d) Deduction Allowed on Cooperative Bank Interest: ITAT Pune
Income Tax : ITAT Pune allowed Section 80P(2)(d) deduction on interest from deposits with Cooperative Banks, following its earlier decisions in...
Latest Notifications
CBIC Empowers Board to Extend Two-Year Re-Export Period for Duty-Free Event Imports
Custom Duty : CBIC Notification No. 28/2026-Customs empowers the Board to extend the two-year period in specified cases on sufficient cause bein...
CBDT Specifies Maharashtra Authority for Income Tax Information Sharing
Income Tax : CBDT Notification No. 81/2026 specifies Maharashtra's Principal Secretary for income-tax information sharing under Section 258 for...
CBIC Extends Anti-Dumping Duty on Chinese Arylides Till 13 January 2027
Custom Duty : CBIC extends anti-dumping duty on Arylides imported from China PR till 13 January 2027 through Notification No. 17/2026-Customs (A...
No TDS on Specified Payments to Eligible IFSC Units: CBDT
Income Tax : CBDT Notification No. 80/2026 exempts specified payments to eligible IFSC Units from TDS, subject to conditions and Form No. 1(N)....
SEBI Revises FVCI Fee Structure & Remittance Process
SEBI : SEBI amends FVCI Regulations, 2000 by revising fee amounts, payment timelines and designated depository participant remittance req...
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FAQs
NSE FAQs explain Regulation 42 Record Date filing, NEAPS submission, timelines, rights issue requirements and compliance under SEBI (LODR) Regulations.
Udyam Registration is a Central registration issued by the Ministry of MSME and is valid in all States and Union Territories. No separate State-wise registration is required.
The FAQs explain that FAST-DS, introduced through the Finance Act, 2026, offers eligible taxpayers a one-time opportunity to disclose undisclosed foreign assets and income in return for immunity from specified penalties and prosecution under the Black Money Act, subject to prescribed conditions.
The Companies Act, 2013 requires most companies to hold four Board Meetings annually, while OPCs, Small Companies, and Dormant Companies need only two. Listed companies must also comply with corresponding SEBI (LODR) meeting requirements.
CBDT FAQs clarify Section 536 transition rules for summons, searches, recovery, penalties, pending 12AB/80G approvals and LDC/NDC applications.
