Latest Articles
Salaried Employees’ ITR Checklist Before 31 July 2026 for AY 2026-27
Income Tax : This guide outlines the complete ITR filing checklist for AY 2026-27, from AIS reconciliation to e-verification. It helps salaried...
ITR Filing for AY 2026-27: Guide to Choosing the Right Form
Income Tax : This guide explains how taxpayers can select the correct ITR form based on their income profile and tax status. It highlights elig...
New Labor Codes: A Strategic Guide for Chartered Accountants
Corporate Law : The new labor codes introduce a uniform wage definition and the 50% exclusion cap, significantly impacting salary structures and s...
Frequently Asked Questions (FAQs) on FIIs Income Tax Exemption
Income Tax : The proposed ordinance exempts FIIs from tax on interest income and capital gains from Government Securities. The measure aims to ...
Frequently Asked Questions (FAQs) on BIS Income Tax Exemption
Income Tax : The Government proposes exempting BIS from tax on interest income and capital gains arising from Government Securities. The move a...
Latest News
Govt Announces Measures to Deepen G-Sec Market & Boost FPI in Equities
Finance : The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 ...
Haryana Tops GST Growth Rankings Due to Strong Compliance & Enforcement Drive
Goods and Services Tax : Haryana recorded the highest State GST growth rate in India at 22% in May 2026. The achievement is attributed to strong tax admini...
CCPA Imposes Penalties as Dark Patterns Manipulated Consumer Consent
Corporate Law : CCPA fined digital platforms for using interface designs that influenced consumer choices without clear and informed consent. The ...
Income Tax Superintendent Caught by CBI in Bribery Case Linked to PAN Deletion
Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...
ITAT Prioritizes Old Appeals as Rising Pendency Requires Urgent Disposal Measures
Income Tax : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...
Latest Judiciary
Admission of SBI’s ₹178 Cr Insolvency Plea as winding-up proceedings couldn’t override revival under IBC
Company Law : Section 7 insolvency application filed by State Bank of India (SBI) was admitted against Martina Bio Genics Private Limited and he...
Taxability as supply of tangible goods when Trailer Hire With Driver, Fuel &Control retained by Contractor
Service Tax : Appellants activity of providing trailers along with drivers, crew, fuel, insurance and retaining effective control and possession...
Ex Parte GST Order Quashed as Taxpayer Agreed to Deposit 25% of Disputed Tax
Goods and Services Tax : The Madras High Court set aside an ex parte GST assessment after the taxpayer claimed that notices were served only through the GS...
UPI Receipts Not Automatically Taxable Turnover for GST: Madras HC
Goods and Services Tax : The Madras High Court set aside an ex-parte GST assessment against a second-hand mobile phone dealer who claimed taxation should a...
ITAT Delhi Quashes Reassessment Beyond Four Years for Lack of Disclosure Failure
Income Tax : ITAT Chennai held that reopening an assessment after four years based on issues already examined during scrutiny amounted to an im...
Latest Notifications
Formats under IBBI (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019
Corporate Law : IBBI has prescribed standardized formats for written consent by Bankruptcy Trustees and proxy appointments by creditors under the ...
Formats under IBBI (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019
Corporate Law : IBBI has introduced standardized Forms A, B, and C for insolvency proceedings involving personal guarantors to corporate debtors. ...
Formats under IBBI (Voluntary Liquidation Process) Regulations, 2017
Corporate Law : IBBI has prescribed standardized formats for claims, compliance certificates, public announcements, and other filings under the Vo...
Formats under IBBI (Liquidation Process) Regulations, 2016
Corporate Law : IBBI has prescribed standardized formats for key documents used during liquidation proceedings under the amended Liquidation Regul...
Formats under IBBI (Pre-packaged Insolvency Resolution Process) Regulations, 2021
Corporate Law : The IBBI has notified standardized formats for 14 forms under the PPIRP Regulations, 2021. The circular aims to bring consistency,...
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FAQs
The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 April 2026. The reform aims to attract stable long-term foreign investment and make India’s debt market globally competitive.
The proposed ordinance exempts FIIs from tax on interest income and capital gains from Government Securities. The measure aims to increase foreign participation in India’s sovereign debt market and reduce tax-related investment barriers.
The Government proposes exempting BIS from tax on interest income and capital gains arising from Government Securities. The move aims to encourage future BIS investments and enhance India’s attractiveness for sovereign debt investments.
RBI has clarified reporting requirements, valuation methods, submission procedures, and entity obligations under the Portfolio Investment Positions survey. The FAQs aim to improve the quality and consistency of cross-border investment data reporting.
RBI has reiterated that software and ITES exporters must submit the annual survey based on the previous financial year. The guidelines outline reporting timelines, filing methods, and compliance requirements.
