Corporate Law : Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, t...
Fema / RBI : The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with fle...
Company Law : The scheme allows companies to clear pending filings at reduced cost. It provides a major compliance relief with only 10% addition...
Goods and Services Tax : IGST refunds are not available when exports are made under LUT/Bond without tax payment. The clarification highlights eligibility ...
Income Tax : The issue covers taxation and computation of house property income under the new law. The key takeaway is clarity on annual value,...
Finance : The Authority clarifies application process, operating models, service limits, and compliance obligations under the new GIC Regula...
Corporate Law : The India–European Union Free Trade Agreement (FTA) is a comprehensive pact covering trade in goods, services, rules of origin, ...
Corporate Law : The ruling clarifies that digital processes are encouraged but not mandatory, ensuring workers rights are protected even through p...
Company Law : The law removes sector-based exclusions and extends minimum wage protection to all employees. It confirms universal coverage acros...
Corporate Law : The FAQs explain the uniform wage definition and the 50% allowance cap across all Codes. Gratuity applies prospectively from 21 No...
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...
Goods and Services Tax : ITC availed for FY 2023-24 but reversed or claimed in FY 2024-25 must be reported in Table 6A1 of GSTR-9. Reversals from prior yea...
SEBI : The notice outlines detailed guidance on filing financial results under Regulation 33, covering timelines, disclosure norms, and r...
The AIS is a comprehensive statement providing all tax and financial transaction details, including TDS, SFT, and external data, to the taxpayer. TIS is a summary of this information. Access via e-filing portal; feedback is possible.
Understand Benami property and transactions as per the PBPT Act. Learn what constitutes Benami, who the Benamidar and Beneficial Owner are, the exceptions, and the serious consequences, including rigorous imprisonment, fines, and confiscation of assets by the Central Government.
The CBDT’s Income Tax Informants Reward Scheme 2018 offers rewards up to ₹5 crore for specific, written information leading to the detection of substantial tax evasion, including undisclosed foreign assets. It specifies eligibility, confidential procedures, and tiered rewards based on the realized tax amount.
Section 143(1) intimation is the automated processing of Income Tax Returns (ITR) by the CPC to correct arithmetical errors and apparent inconsistencies. Learn the types of mandatory adjustments, the 9-month time limit for issuance, and the 30-day window for electronic response.
Auditors Opinion on financial statements is mandatory for GST and Tax Audits for UDIN generation. It clarifies types of modified opinions, reporting requirements, and exclusions.
Notification 45/2025 merges 31 previous customs notifications into a single reference, continuing most exemptions and simplifying trade procedures from 1st November 2025.
Sections 54 to 54GA allow capital gains exemptions if sale proceeds are reinvested in specific assets. These cover residential property (Sec 54/54F), agricultural land (Sec 54B), compulsory acquisition (Sec 54D), and notified bonds (Sec 54EC/54EE). Reinvestment time limits and withdrawal rules apply.
The PSS Act 2007 governs payment systems in India, designating the RBI as the regulator. It mandates authorization, legalizes netting/settlement finality, and criminalizes e-fund transfer dishonor.
Learn how to view your financial transactions reported to the ITD via AIS and how to resolve incorrect data or mismatches through the e-Verification Scheme and Updated Returns.
A new facility in Invoice Management System (IMS) has been introduced on GST portal wherein taxpayers are allowed to keep credit notes as Pending for one tax period.
