Latest Articles
Lower / Nil TDS Certificate for NRI Payments: Form 128 & Form 129
Income Tax : This guide explains when NRIs should use Form 128 and when payers should use Form 129 to reduce or eliminate excess TDS. It also c...
Profit Below 6%: Has New Law Changed Old Section 44AD–44AB Principle?
Income Tax : The article argues that Section 58(3) of the Income-tax Act, 2025 does not independently mandate books of account or tax audit for...
Senior Citizen/ Super Senior Citizen – Income Tax Benefits allowable
Income Tax : This guide explains the tax deductions, TDS relief, advance tax exemption, and return filing benefits available to senior and supe...
Armed Forces- Income Tax Benefits and Allowances Under Section 10(14)
Income Tax : This guide explains the tax exemptions available to Armed Forces personnel under Section 10(14) for serving in difficult, high-ris...
Benefit to Non-Residents under Income Tax Act, 1961
Income Tax : This guide explains the tax exemptions, concessional tax rates, presumptive taxation schemes, and compliance benefits available to...
Latest News
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...
SEBI proposes GARUDA mechanism to reduce AIF scheme launch timelines
SEBI : SEBI proposes the GARUDA mechanism to reduce AIF scheme launch timelines while retaining post-facto regulatory oversight and compl...
Latest Judiciary
Bombay HC Sets Aside ITAT Order For Failing To Decide Challenge To Faceless Assessment Procedure
Income Tax : Bombay High Court held that non-compliance with Section 144B raised a jurisdictional issue requiring ITAT adjudication and set asi...
Gujarat HC Refuses to Enhance CBDT Informant Reward as Calculation Was Not Arbitrary
Income Tax : Gujarat High Court ruled that CBDT's expert assessment of informant rewards is not open to judicial recalculation absent arbitrari...
Gujarat HC Quashes Reassessment as Warranty Provision Was Scientifically Estimated
Income Tax : The Gujarat High Court held that a scientifically determined warranty provision qualified for consideration under settled legal pr...
Online Gaming Addition Deleted as Records Showed Net Loss Instead of Winnings
Income Tax : ITAT Hyderabad deleted the Section 115BB addition after holding that the gaming platform's records showed a net loss, not taxable ...
ITAT quahes ₹1.5 Lakh Penalty as Failure to Obtain Tax Audit Was Not Deliberate
Income Tax : ITAT Chennai held that the assessees bona fide belief, based on the Departments consistent acceptance of interest income as Income...
Latest Notifications
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, ...
CBDT Condones Form 10AB Filing Delay as Genuine Hardship Affected 80G Renewal
Income Tax : Exercising powers under Section 119(2)(b), CBDT has condoned delays in Form 10AB filing for eligible cases. The Circular does not ...
Mandatory Capture of Ship-to Field & Voluntary Closure of E-Way Bill: FAQs
Goods and Services Tax : GSTN has clarified mandatory Ship-to GSTIN requirements, API changes and voluntary e-Way Bill closure before the proposed 1 August...
IRDAI Extends Transitional Arrangements Until 31st August 2026
Corporate Law : IRDAI has extended transitional arrangements for annual fee payment and registration certificates until 31 August 2026 or notifica...
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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.
