Latest Articles
Appeals under Income-tax Act 2025 Vs. Income-tax Act, 1961
Income Tax : Sections 356-374 restructure appellate provisions with clearer drafting while retaining the existing appeal hierarchy and taxpayer...
Assessment under Section 270 of Income Tax Act, 2025
Income Tax : Section 270 of the Income-tax Act, 2025 consolidates return processing and scrutiny assessment into one framework while introducin...
Income Escaping Assessment & Related Sections: Income Tax Act 2025
Income Tax : The law permits reassessment only where the Assessing Officer has information indicating escaped income and follows the prescribed...
Section 268 – Inquiry before Assessment under Income Tax Act, 2025
Income Tax : Section 268 of the Income-tax Act, 2025 brings inquiry, information gathering and special audit provisions into one structured fra...
Employees Need Not Pay Tax Again if Employer Failed to Deposit TDS: ITAT Kolkata
Income Tax : ITAT Kolkata held that employees should not bear tax liability again where TDS was deducted but not deposited by the employer....
Latest News
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...
SEBI Proposes SDI Regulation Amendments to Align Securitisation Framework with RBI Rules
SEBI : SEBI has proposed amendments to align the SDI Regulations with the RBI's 2025 securitisation framework and support the listed secu...
Latest Judiciary
Excise Rebate Only on Goods Exported as per Shipping Bills; No Benefit for Moisture Loss: Gujarat HC
Excise Duty : Gujarat High Court held rebate is available only on goods actually exported as reflected in shipping bills. Moisture loss without ...
Section 54/54F Exemption Allowed despite Non-CGAS Deposit if Sale Proceeds Invested in House on Time
Income Tax : ITAT held that exemption under Sections 54/54F cannot be denied where sale proceeds are invested in a residential house within the...
BSNL VRS-2019 Compensation Exempt as Retrenchment Compensation: ITAT Pune
Income Tax : ITAT held BSNL VRS-2019 compensation is retrenchment compensation under Section 10(10B), exempt from tax, and reversed the CIT(A)'...
Indexed Cost Can’t Be Reduced When Entire Property Rights Are Surrendered: ITAT Pune
Income Tax : ITAT held ₹33 crore settled rights over the entire land, allowing full indexed acquisition cost and rejecting proportionate rest...
ITAT Deletes ₹75 Lakh Addition Due to Absence of Evidence of Property Sale
Income Tax : ITAT deleted the ₹75 lakh capital gains addition after holding the Revenue failed to produce conclusive evidence proving any pro...
Latest Notifications
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...
CBIC Extends Sea Cargo Manifest Compliance Deadline to 31 August 2026
Custom Duty : CBIC has extended the compliance deadline under the Sea Cargo Manifest and Transshipment Regulations to 31 August 2026. The amendm...
Small Savings Schemes Interest Rates for July–September 2026
Finance : The Government has kept interest rates on all Small Savings Schemes unchanged for July-September 2026. Investors will continue to ...
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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.
