Latest Articles
GST At 9 Years: System Is Running, Time to Simplify for Taxpayers
Goods and Services Tax : Nine years after GST, the article reviews higher revenue and taxpayer growth while calling for simpler compliance, fewer notices a...
SEBI Grade A: The Ideal Career Move for CA and CS Professionals
CA, CS, CMA : SEBI Grade A offers CA & CS professionals a direct path to a high-paying regulatory career. Check eligibility, salary, age limit, ...
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...
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
Goodwill Depreciation Allowed on Slump Sale Business Acquisition: ITAT Chennai
Income Tax : ITAT Chennai dismissed Revenue's appeals and upheld depreciation on goodwill arising from slump sale acquisitions, treating acquir...
Section 242 Challenge Rejected; NCLT Can Examine Alleged Sham Transactions Without Consent: NCLAT Delhi
Company Law : Section 242(1) conferred overriding and comprehensive equitable powers upon the NCLT to grant appropriate relief in cases of oppre...
Customs Valuation Upheld but EPCG Benefit Restored as Licence Remained Valid: CESTAT Chennai
Custom Duty : CESTAT upheld customs revaluation and fraud findings but restored EPCG exemption as the valid DGFT authorisation was not cancelled...
Ahmedabad ITAT: Inability to Prove One Expense Cannot Justify Rejection of Entire Books of Account
Income Tax : ITAT Ahmedabad set aside rejection of books under Section 145(3) and remanded business promotion expense verification to the Asses...
Customs Duty Demand Set Aside as EOU DTA Sales Followed HC Orders: CESTAT Delhi
Custom Duty : CESTAT set aside customs duty, penalties and confiscation, holding EOU DTA clearances were made under High Court orders with full ...
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.
