The article explains the major reasons behind the weakening rupee, including rising dollar demand, foreign investment outflows, and import dependence. It also highlights how currency depreciation affects inflation, imports, exports, businesses, and household expenses in India.
Section 265 of the Income Tax Act, 2025 specifies who can legally verify an income tax return for different assessees. Incorrect verification may result in the return being treated as invalid, affecting refunds and carry-forward losses.
DGFT has automatically extended the Export Obligation period up to 31 August 2026 for eligible EPCG and Advance Authorisation holders. The relaxation eliminates the need for separate applications, amendments, or composition fees amid geopolitical and logistics disruptions.
RBI has standardized the 90-day NPA classification rule across all NBFC categories, including NBFC-BL entities, effective 31 March 2026. The framework also prescribes detailed provisioning requirements for standard, sub-standard, doubtful, and loss assets.
The article explains why diesel in construction businesses is treated as consumable inventory and how GST exclusion increases project costs due to non-availability of input tax credit.
The article discusses how fears of parent-dominated governance structures prompted concerns about loss of autonomy in private schools. It explains that the Ministry later clarified that SMC Guidelines are not compulsory for private unaided institutions.
The article explains that a company qualifies as an NBFC only when more than 50% of both its assets and income arise from financial activities. Failing either condition means the entity cannot be treated as an NBFC under the RBI Act, 1934.
The article clarifies that ASISSE notices are issued by NSO under MoSPI only for statistical data collection and have no connection with tax scrutiny or GST investigations.
The article explains how travel gaps in insurance coverage can expose travellers to financial risks during medical emergencies, delays, or baggage loss. It highlights the importance of continuous travel insurance coverage throughout international trips.
Learn how banks use stock and receivables audits to independently verify inventory and debtors before allowing working capital withdrawals. The article explains drawing power, audit procedures, and why accurate stock verification is critical for lenders.
