Latest Articles
Old vs New Income Tax Regime: 7 Costly Mistakes to Avoid in FY 2026-27
Income Tax : Key mistakes taxpayers should avoid when choosing between old and new tax regimes for FY 2026-27, including deductions, deadlines,...
Women’s Reservation Bill: Complete Q&A with Examples
Corporate Law : Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, t...
Choose Your Subcontractor Wisely: A Costly ITAT Lesson
Income Tax : ITAT Kolkata remands case on disallowance of subcontractor expenses, stressing need for evidence, due diligence, and verification ...
The Power of Love and Understanding for a World of Tranquility
CA, CS, CMA : Article discusses role of love, empathy, and communication in human relationships, highlighting understanding, compassion, and min...
Right to Safe Road Travel Part of Article 21 of Constitution: SC
Corporate Law : Supreme Court holds safe road passage integral to Article 21 and issues nationwide directions on highway safety, enforcement, and ...
Latest News
DGFT Reforms to Speed Up Advance Authorisation
DGFT : Commerce Ministry reforms DGFT Norms Committees to improve disposal of Advance Authorisation applications and strengthen export fa...
ICSI Seeks Refiling Option for Annual Forms Under CCFS 2026
Company Law : ICSI highlights delays in marking defective forms by RoCs under CCFS 2026. It urges MCA to mandate time-bound processing or allow ...
ICSI Seeks Clarity on ADT-1 Filing for First Auditor & Casual Vacancy Appointments
Company Law : The representation points out that e-form design is imposing requirements beyond the law. It seeks alignment of system validations...
ICSI Request MCA to permit filing of Forms during liquidation process
Company Law : The issue is ambiguity in filing authority during liquidation. ICSI has requested clarity to enable liquidators to maintain statut...
Delhi CGST Busts ₹8 Cr Fake ITC; Company Director Arrested
Goods and Services Tax : Authorities uncovered fraudulent ITC claims exceeding ₹8 crore without actual supply of goods. The ruling highlights that ITC is...
Latest Judiciary
Activity trackers/fitness band classifiable under CTI 8517 as communicable device: CESTAT Mumbai
Custom Duty : CESTAT Mumbai held that activity trackers/fitness band are classifiable under Customs Tariff Item 8517 6290 as communicable device...
SCN Stayed as Allahabad HC Grants Relief in IGST Refund Dispute Due to Omitted Rule 96(10)
Goods and Services Tax : The issue was whether a show cause notice could be issued under a rule already omitted. The court stayed the notice, holding that ...
Bombay Quashed Section 148 Notice Due to Issuance by Wrong Authority
Income Tax : The issue was whether a reassessment notice issued by a jurisdictional officer instead of a faceless officer is valid. The Court h...
CIRP Initiated as Financial Debt and Default Established with Documentary Evidence: NCLT Mumbai
Corporate Law : Bank of India Vs Neurostar Hospital Private Limited (NCLT Mumbai) The application was filed under Section 7 of the Insolvency and ...
No Addition for Cessation of Liability if no Evidence of Remission: ITAT Mumbai
Income Tax : The Tribunal held that addition under Section 41(1) cannot be made without proof of actual cessation of liability. It found that m...
Latest Notifications
SEBI (Alternative Investment Funds) (Amendment) Regulations, 2026
SEBI : SEBI reduced the threshold under Regulation 10(c) from ₹2 lakh to ₹1,000, easing compliance requirements. The move simplifies ...
SEBI Lowers Credit Risk Threshold for REIT Investments to Expand Eligibility
SEBI : SEBI reduced the minimum credit risk value from 12 to 10 under REIT regulations. This change broadens investment eligibility and m...
IRDAI Delegates Enforcement Powers Under Insurance Act: Key Changes Explained
Corporate Law : IRDAI delegates Section 34 powers between Whole Time Members and Chairperson. The move aims to streamline enforcement actions and ...
SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2026
SEBI : SEBI’s 2026 amendments reduce credit risk thresholds and widen investment options for InvITs. The changes improve flexibility wh...
Anti-Dumping Duty Amended: Large Lithograde Aluminium Coils Excluded
Custom Duty : The government excludes Lithograde aluminum coils above 1150 mm width from anti-dumping duty. The change follows court directions ...
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FAQs
Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, timeline, and conditions.
The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with flexible usage and repatriation of funds.
The scheme allows companies to clear pending filings at reduced cost. It provides a major compliance relief with only 10% additional fees payable.
IGST refunds are not available when exports are made under LUT/Bond without tax payment. The clarification highlights eligibility conditions and prevents incorrect refund claims.
The issue covers taxation and computation of house property income under the new law. The key takeaway is clarity on annual value, deductions, and exemptions.
