Fema / RBI : RBI has launched the Integrated Ombudsman Scheme, 2026, providing a centralized, cost-free mechanism for resolving complaints agai...
Fema / RBI : RBI has updated the FLA Return FAQs, clarifying who must file, the 15 July deadline, revision procedures, and reporting requiremen...
Income Tax : Learn who can apply for an advance ruling, applicable fees, withdrawal rules, and its binding effect under the Income-tax Act. The...
Company Law : The document clarifies that a director's resignation becomes effective upon receipt by the company or the specified future date, w...
Income Tax : Understand who must undergo a tax audit under Section 44AB, the applicable turnover limits, audit forms, filing procedure, due dat...
Corporate Law : MoSPI will introduce the Index of Services Production (ISP) to measure short-term changes in the formal services sector. The month...
Finance : The FAQs clarify the implementation of the IFSCA AML/CFT/KYC Guidelines, covering customer due diligence, reporting obligations, g...
Finance : The IFSCAs updated framework supersedes previous sandbox regulations and establishes a unified regime for FinTech testing in IFSCs...
Finance : The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 ...
Fema / RBI : RBI has clarified reporting requirements, valuation methods, submission procedures, and entity obligations under the Portfolio Inv...
SEBI : NSE released detailed FAQs to address practical issues in submitting Quarterly Integrated Filing – Governance reports through XB...
Finance : The circular addresses uncertainty in FLA reporting FAQs under FEMA. It directs institutions to pause action until regulatory clar...
Corporate Law : FSSAI introduced perpetual licenses and simplified registration norms to ease compliance. The reforms reduce costs while maintaini...
SEBI : FPIs can now apply for Digital Signature Certificates directly within the CAF portal. The move simplifies onboarding and reduces p...
Goods and Services Tax : GSTN has clarified key issues on filing annual returns through consolidated FAQs. The guidance explains ITC reporting, auto-popula...
Employers are required to issue a detailed perquisites statement where salary exceeds Rs.1.5 lakh. This ensures accurate reporting and taxation of employee benefits.
Form 122 consolidates reporting of multiple income sources for salaried employees under the Income-tax Act, 2025. It helps employers compute correct TDS and reduces excess tax deductions.
The new Form 121 merges earlier forms into a single declaration system for TDS exemption. It simplifies compliance while ensuring accurate reporting through digital processes and UIN tracking.
Understand when and how to file an advance ruling application under the Income-tax Act, 2025. The update clarifies eligibility, documentation, and binding effect of rulings.
The issue concerns an alternative mechanism for resolving tax disputes. Form 119 enables eligible assessees to approach the DRC instead of appellate forums. The key takeaway is availability of a structured dispute resolution pathway.
Deferred appeals can be filed once the higher court decides the identical question of law. The ruling ensures alignment with final judicial interpretation. This promotes consistency in tax decisions.
Form 117 allows taxpayers to avoid duplicate litigation on identical legal issues. The case outcome will follow the final court ruling.
The issue is whether a separate appeal is required to raise objections. The key takeaway is that Form 116 enables respondents to file cross-objections within existing appeals.
The issue relates to filing appeals within the prescribed limitation period. The rule mandates filing within two months of order communication. The key takeaway is strict adherence to timelines for appeal rights.
Errors in Form 113 can be corrected through revised filings. The ruling mandates issuance of updated Form 114 certificates accordingly. This ensures accuracy while maintaining compliance integrity.
