Latest Articles
State Cannot Reclaim Decades-Old Lands Held by Innocent Buyers: SC
Corporate Law : Supreme Court held that states cannot undo decades-old land transactions to reclaim title, emphasizing protection of innocent buye...
ITR-4 Sugam: End of Blind Presumptive Compliance?”
Income Tax : ITR-4 Sugam: End of Blind Presumptive Compliance?” The Central Board of Direct Taxes (CBDT) has introduced a significant complia...
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...
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
ITAT Mumbai: Section 68 Additions Collapse – No “Source of Source” for Firms, Evidence Overrides Suspicion
Income Tax : The tribunal held that cash deposits cannot be treated as unexplained when sufficient recorded cash receipts exist. Once books sup...
Foreign Tax Credit Allowed Despite Delay in Form 67 – Procedural Lapse Not Fatal
Income Tax : ITAT Pune rules that delay in filing Form 67 is a procedural lapse and cannot deny Foreign Tax Credit under Section 90; directs AO...
Cash Deposits from Car Booking Advances Explained: ITAT Deletes ₹27.40 Lakh Addition u/s 69A
Income Tax : ITAT Mumbai deletes ₹27.40 lakh addition under Section 69A, holding cash deposits as genuine business advances for car bookings,...
ITAT Mumbai: On-Money Addition Crumbles Without Evidence – Platinum Mall Case
Income Tax : The ruling clarified that unverified electronic records and third-party statements cannot justify additions without proper verific...
Reassessment Quashed: 148 Notice Issued Post 01.04.2021 Without Following New Law Held Invalid
Income Tax : ITAT Hyderabad quashes reassessment as Section 148 notice, though dated 31.03.2021, was actually issued on 01.04.2021; failure to ...
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.
