A Nominee Director holds a unique position on a company’s Board of Directors. They are individuals appointed to the board by specific entities such as financial institutions, banks, investors, or even government bodies. Their primary role is to represent the interests of the nominating party, ensuring that the company’s decisions align with the terms of […]
RBI sets 25 August 2025 as deadline to regularize past overseas investment delays under LSF. Post-deadline, compounding becomes mandatory.
RBI’s new circular caps penalties for specific FEMA violations at ₹2 lakh, streamlining compliance and easing burdens for businesses and individuals.
MHA introduces new FCRA validity limits for foreign contributions: 3 years for receipt, 4 years for utilization. Existing permissions are affected.
Indian tax residents must report foreign assets and income in their ITRs, regardless of value. Non-disclosure can lead to severe penalties under the Income Tax Act and Black Money Act, including significant fines and imprisonment, due to international Automatic Exchange of Information (AEOI) agreements
GSTN launches E-Way Bill 2.0 on July 1, 2025, offering dual portal interoperability for enhanced compliance, business continuity, and real-time data sync.
The MCA (Ministry of Corporate Affairs) has come up with a Draft Notification on April 6, 2025, proposing key amendments to the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. These amendments are oriented towards expanding the fast-track merger route enshrined under Section 233 of the Companies Act, 2013 (hereinafter referred to as the Act) by […]
Gujarat High Court strikes down CGST Rule 96(10), enabling exporters to claim IGST refunds regardless of duty-free imports. This ruling upholds constitutional rights, promotes export competitiveness, and ensures tax neutrality for businesses.
Calcutta High Court rules GSTR-1 and GSTR-3B discrepancies don’t allow direct tax recovery under Section 75(12) of the CGST Act if GSTR-1 data is included in GSTR-3B.
Understand tax deductions for paying family’s home or education loans. Learn conditions for claiming benefits, including borrower and ownership requirements.
