Latest Articles
Analysis of Notifications and Circulars for Week Ending 26th April 2026
CA, CS, CMA : Major rulings and notifications clarified tax treatment, compliance timelines, and financial regulations. The updates emphasize ef...
Off-the-Shelf Software Not ‘Royalty’: SC Ruling Still Shapes Cross-Border Deals
Income Tax : The ruling clarifies that payments for off-the-shelf software are not royalty. It eliminates TDS liability unless a permanent esta...
Articleship Then and Now: From Millennium Endurance to Gen-Z
CA, CS, CMA : The evolution from manual training to tech-driven learning highlights changing expectations. The key takeaway is balancing traditi...
Role of Board vs. Role of Management
Company Law : Clear separation of roles prevents conflicts and strengthens accountability. Companies must define responsibilities to ensure effe...
3 Compliance Traps Every Indian Founder Must Avoid When Expanding Business Overseas
Fema / RBI : Expanding overseas is easier under new rules, but compliance risks remain. Missing filings or structuring errors can trigger penal...
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 Section 56(2)(x) Tax on Redevelopment Flat Without Possession: ITAT Mumbai
Income Tax : The issue was whether stamp duty value of redevelopment property is taxable without possession. ITAT held that Section 56(2)(x) ap...
Appeal Can’t Be Dismissed for Delay When Assessment Order Itself Was Not Served: ITAT Mumbai
Income Tax : The issue was whether delay in filing appeal can be condoned when assessment order was not served. ITAT held that non-service cons...
Charitable Trust as Pass-Through Entity: ITAT Deletes Interest Disallowance Rejects 8% Profit Estimation
Income Tax : The Tribunal held that interest expenses cannot be disallowed when the trust merely facilitates transactions and costs are reimbur...
Security Deposits from Contractors Not Cash Credits: ITAT Upholds Deletion of ₹22.61 Cr Addition
Income Tax : The issue was whether contractor deposits could be treated as unexplained credits. The Tribunal held they were genuine trade liabi...
Reopening Quashed – Incorrect Facts Cannot Extend Limitation Beyond 3 Years
Income Tax : The issue was reopening based on incorrect cash deposit figures exceeding ₹50 lakh. The Tribunal held actual amount was lower, m...
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.
