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...
The case addressed post-notification compliance failures. It was held that violation of conditions or non-genuine activities can lead to revocation of notification and tax benefits.
The issue was whether tax benefits can be claimed without prior approval of the project. It was held that filing Form 22 before commencement is compulsory, and benefits cannot be granted without such approval.
Form 21 is essential for claiming tax benefits on agricultural extension projects. CBDT held that only notified and approved projects meeting Rule 37 conditions qualify for such benefits.
The issue was whether approval can be sought after project commencement. It was held that Form 20 must be filed before starting the project, making prior approval essential for tax benefits.
The issue was whether tax benefits can be claimed without filing Form 19. It was held that notification is compulsory, and benefits cannot be allowed without fulfilling this requirement.
FAQs explaining AGM requirements, timelines, extensions, venue rules, and compliance under the Companies Act, 2013, including provisions for OPCs and ROC extensions.
Filing Form 18 is essential to obtain specified business status for housing projects. Without notification, tax benefits under Section 46 cannot be claimed.
Entities must file Form 17 to obtain approval for research-related tax benefits. Proper filing ensures eligibility and compliance with statutory conditions.
Form 16 certifies total donations made for scientific research and must be issued annually by prescribed institutions. However, deduction is subject to statutory conditions and verification by tax authorities.
Institutions receiving research donations must file Form 15 annually. Non-compliance may impact donor deductions and attract consequences under the law.
