Latest Articles
ITR-4 Sugam: End of Blind Presumptive Compliance?”
Income Tax : The Central Board of Direct Taxes (CBDT) has introduced a significant compliance change in the newly released ITR-4 (Sugam) for Fi...
Composite GST Notices: The Case for Severability Over Invalidation
Goods and Services Tax : Explore why composite GST notices across multiple years should be judged by severability, not invalidation, balancing tax recovery...
Do You Really Need GST Registration? Common Mistakes Businesses Must Avoid
Goods and Services Tax : This article explains why GST registration is not limited to turnover thresholds. It highlights transaction-based triggers that ca...
Silent Shift in Tax Audit Triggers: Section 63 vs Section 44AB
Income Tax : The new law introduces audit requirements for businesses declaring profits below presumptive rates. It removes the earlier flexibi...
Why GST Crackdown Is Targeting Easy Taxpayers Instead of Fraudsters?
Goods and Services Tax : The article highlights how aggressive GST actions impact genuine businesses. The key takeaway is the need for balanced enforcement...
Latest News
Empanelment of CA Firms as Concurrent Auditors with SBI, Hyderabad
CA, CS, CMA : This explains the structured process for appointing audit firms, highlighting strict eligibility conditions and evaluation methods...
IFSCA Approves Capital Raising Frameworks to Enable Efficient Fund Mobilisation in IFSC
Finance : The Authority introduced frameworks for preferential issues, QIPs, and rights issues to streamline capital raising. The move aims ...
SEBI Proposes New Variable Net Worth Rules Due to Upstreaming Impact on Client Funds
SEBI : The consultation highlights that existing net worth calculations based on retained client funds are no longer effective. A revised...
SEBI Proposes CUSPA Reforms Due to Operational Challenges in Handling Unpaid Securities
SEBI : The draft circular addresses issues in managing unpaid client securities and proposes changes to the existing pledge framework. It...
ICSI Invites Stakeholder Feedback to Revise Company Secretary Course Syllabus
Company Law : The Institute has proposed syllabus changes to align with modern industry, regulatory, and technological needs. Stakeholders are i...
Latest Judiciary
SC Stays Trial in Decades-Old Case Citing 35-Year Delay in Proceedings
Corporate Law : The case involved long-pending criminal proceedings where co-accused were acquitted due to lack of evidence. The Supreme Court ind...
₹8.44 cr Section 69A Addition Deleted Due to Incorrect Bank Account Information
Income Tax : The Tribunal held that the addition of ₹8.44 crore was unsustainable as it was based on incorrect assumptions about multiple ban...
Service Tax Demand Set Aside as SCN Failed to Specify Applicable Clause Under Law
Service Tax : The Tribunal found that the show cause notice did not identify the relevant provision under Business Auxiliary Services. It held t...
Delay Condoned as Limitation Counted from Order Receipt Date, Not Order Date: ITAT Mumbai
Income Tax : The case examined whether failure to consider a binding tribunal precedent constitutes an error. The ITAT held that such non-consi...
Section 68 Addition Fails as Purchaser Confirms Cash Payment: ITAT Mumbai
Income Tax : The Tribunal deleted the addition after finding that cash deposits were supported by disclosed sale consideration and documentary ...
Latest Notifications
Central Government Pensioners’ Dearness Relief Raised to 60% from 1st Jan, 2026
Corporate Law : The issue concerns revision of Dearness Relief rates for pensioners. The government increased DR from 58% to 60% effective January...
FDI Company Profits Rise Despite Slower Sales Growth Due to Lower Interest Costs: RBI
Fema / RBI : RBI data shows profit after tax increased despite moderation in sales growth. Lower interest expenses and higher non-operating inc...
RBI cancels Licence of Paytm Payments Bank Limited – Read Manamgment Disclosure
Fema / RBI : The case addresses cancellation of a banking licence for non-compliance with statutory conditions. The regulator held that continu...
RBI Issues Draft PPI Rules to Strengthen Digital Payment Security Framework
Fema / RBI : RBI released draft PPI Directions, 2026 to enhance security, governance, and operational clarity. The key takeaway is stricter com...
Rising Global Uncertainty: Why Repo Rate Was Kept Unchanged at 5.25%
Fema / RBI : The case examines the MPC’s response to geopolitical tensions and supply shocks. The Committee held rates steady, citing uncerta...
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FAQs
Understand the mandatory GST compliances when closing a business, including return filing and tax on stock. The guidance clarifies liability calculation and procedural requirements.
The scheme provides a last opportunity for defaulting companies to file pending returns and financial statements with reduced penalties. It emphasizes that failure to comply within the window may lead to strict regulatory action, including strike-off.
This explains why operating a payment system without RBI approval is prohibited under law. The framework ensures only compliant and vetted entities can handle financial transactions, safeguarding systemic integrity.
Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, timeline, and conditions.
The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with flexible usage and repatriation of funds.
