Latest Articles
When Does Land Cease to Be ‘Land’ for Tax? Entry 49 vs GST
Goods and Services Tax : This explains the constitutional boundary between property tax and GST on land-related activities. The key takeaway is that owners...
Bail Standards Under PMLA: Analyzing Arvind Kejriwal & Hemant Soren Precedents
Corporate Law : This examines whether recent rulings have strengthened or softened bail standards under PMLA. The key takeaway is that courts are ...
Why Business Loan Gets Rejected Despite High Turnover in India?
Finance : This explains why businesses with strong sales still face loan rejection due to low profitability and poor financial discipline. T...
Section 168A GST Dispute: Four High Courts, Four Views on Limitation Extension
Goods and Services Tax : This compares opposing judicial views on GST notifications extending time limits. The key takeaway is that validity depends on for...
Rule 86A After K-9 Enterprises: End of Arbitrary ITC Blocking
Goods and Services Tax : This explains how courts have imposed strict safeguards on ITC blocking under Rule 86A. The key takeaway is that due process is no...
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
No Incriminating Material, No Addition: Bombay HC Dismisses Revenue Appeals in Search Cases
Income Tax : The case addressed whether additions can be made under Section 153A without incriminating material. The Court held that such addit...
Final Tax Order Set Aside Due to Failure to Issue Draft Assessment in International Transaction Case
Income Tax : The court examined whether a final assessment order could stand without issuing a draft order to an eligible assessee. It held tha...
No Fresh Evidence? Telangana HC Invalidates Reopening of Completed Tax Assessment
Income Tax : The court examined whether reopening an assessment based on previously scrutinized facts was valid. It held that reassessment with...
ITAT Allows 80P Deduction as Interest Earned from Co-Op Banks Treated as Eligible Income
Income Tax : The Tribunal held that interest earned from co-operative banks qualifies for deduction under Section 80P(2)(d). It clarified that ...
ITAT Allows Advertisement and Marketing Expenses Due to Revenue Nature Despite No Income
Income Tax : ITAT ruled that selling and distribution expenses cannot form part of work-in-progress. Such costs do not contribute to inventory ...
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.
