The Bill seeks to amend Articles 15 and 16 to allow reservation for backward classes proportionate to their population identified through a caste census. It also proposes representation of marginalized groups and women in judicial appointments.
The Bombay High Court held that a separate cooperative society could not be registered for shops forming part of a single building already governed by an existing society. The Court ruled that registration under Section 9 cannot be used to indirectly fragment an existing society.
The Budget introduces a ₹10,000 crore SME Growth Fund and GST interest relief, while imposing mandatory late fees for tax audit delays. Taxpayers must balance benefits with stricter compliance.
ICAI announced the CA Final January 2026 results, with 11,282 candidates clearing Group I at a 21.03% pass rate. Group II recorded a 9.76% pass percentage, and 2,446 candidates cleared both groups.
SEBI clarified that a cousin does not fall within the statutory definition of a relative under the Companies Act and LODR Regulations. Therefore, a cousin of a promoter-group member may be eligible for appointment as an Independent Director, subject to other conditions.
FAQs on TCS under Income Tax Act, 2025 as amended by Finance Bill, 2026, covering rates, exemptions, PAN, returns, due dates, interest and penalties.
The Comptroller and Auditor General of India has invited Expressions of Willingness from empaneled CA firms with minimum 15 points for audit of Autonomous and other Bodies in 2026–27. Fresh applications are mandatory due to revised engagement policy and structured selection process.
The CCPA held that specific developmental claims such as early crawling and walking were misleading as they lacked scientific studies or quantified data. Disclaimers and testimonials were found insufficient to justify outcome-based advertising.
Budget 2026 restricts capital gains exemption on SGB redemption to original subscribers only. Secondary market investors redeeming after 1 April 2026 will now face capital gains tax.
The Court held that teaser content indicated possible non-application of mind by CBFC and potential communal disharmony. It directed reconsideration of the revision petition and stayed release for 15 days.
