Latest Articles
Received Capital Gain Tax Notice? Step-by-Step Guide to Respond Correctly
Income Tax : The guide explains that many income tax notices are generated automatically due to mismatches, filing errors, or compliance verifi...
Section 16 of GST: Buyer’s ITC Rights, Practical Limits & Ground Reality
Goods and Services Tax : The growing dispute over denial of Input Tax Credit due to supplier non-payment of tax has now reached the Supreme Court. The issu...
Why Filing ITR Too Early in 2026 Can Be Risky: AIS, 26AS, TDS & Notice Risks
Income Tax : Filing Income Tax Returns before AIS, TIS, and Form 26AS are fully updated can lead to mismatches, defective returns, and delayed ...
US Inheritance Tax and FEMA
Fema / RBI : Indian families holding US stocks, ESOPs, and RSUs may face a 40% US estate tax on succession beyond the limited exemption availab...
RBI Revises Cooling-Off Period Norms for Co-operative Bank Directors
Fema / RBI : RBI’s 2026 amendments impose a mandatory three-year cooling-off period after directors complete ten years on co-operative bank b...
Latest News
IBBI Invites Applications for Research Associates & Consultants
Corporate Law : The IBBI has announced contractual vacancies for Research Associates and Consultants in law and business management disciplines. T...
ICAI Empanelment to act as Observers at Examination Centres – Sep/Nov 2026
CA, CS, CMA : ICAI has clarified that members coaching students or having relatives appearing in the examinations are not eligible for Observer ...
SEBI Proposes New Framework for strike prices of options contracts
SEBI : SEBI has proposed a framework for managing strike prices of options contracts to address issues arising from sharp intraday market...
Nainital Bank Limited Invites CA Firms for Statutory Central Auditor Empanelment
CA, CS, CMA : The Nainital Bank issued an RFP for appointment of Statutory Central Auditors for FY 2026-27 in line with RBI guidelines. The docu...
CA Certificate Format for Non-Requirement of GST Registration for Securities Trading
Goods and Services Tax : The certificate clarifies that dealing and investment in securities are outside the scope of GST. Companies engaged solely in secu...
Latest Judiciary
Bombay HC Quashes Income Tax Demand as Department Failed to Produce Assessment Orders
Income Tax : The Bombay High Court held that recovery of tax demands could not continue when the department failed to produce the assessment, r...
Enhanced Leave Encashment Exmption Limit Applies Retrospectively: ITAT Chennai
Income Tax : Chennai ITAT held that the enhanced leave encashment exemption limit of Rs.25 lakh under CBDT Notification No.31/2023 applies retr...
TNEB Consumer Supply Rate, Not Purchase Rate, Relevant for Section 80IA Deduction: ITAT Chennai
Income Tax : Tribunal ruled that market value for captive power consumption must be based on the tariff charged to industrial consumers by TNEB...
Detained GST Consignment Must Be Released After Statutory Penalty Deposit: Calcutta HC
Goods and Services Tax : The Calcutta High Court held that goods detained during transit must be released once the consignor complies with the penalty requ...
Madras HC Quashes GST Assessment Order Due to Death of Proprietor
Goods and Services Tax : The Madras High Court held that a GST assessment order issued after the death of the proprietor was a nullity. The department was ...
Latest Notifications
IBBI Rejects RTI Appeal as Official’s Identity Was Protected Under Privacy Exemption
Corporate Law : The First Appellate Authority held that details of the official who uploaded CIRP documents were exempt from disclosure under Sect...
FSSAI Draft Rules Mandate ISO 22000 Lead Auditor Certification for Food Auditors
Corporate Law : The proposed 2026 amendments require successful completion of an accredited ISO 22000 Lead Auditor course for food safety auditors...
ROC Imposes Penalty as Annual Return in Form MGT-7 Was Not Filed
Company Law : ROC Uttar Pradesh penalized a company and its directors for failing to file the annual return for FY 2019-20 under Section 92(4). ...
No ROC Penalty as Form MGT-14 Was Already Filed for Approval of Accounts
Company Law : ROC Uttar Pradesh dropped penalty proceedings after confirming that Form MGT-14 had already been filed for approval of accounts. T...
ROC imposes Penalty for Failure to File FY 2019-20 Financial Statements
Company Law : ROC Uttar Pradesh imposed penalties on a company and its directors for non-filing of financial statements for FY 2019-20. The orde...
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FAQs
The update highlights the Supreme Court’s split verdict on Section 17A of the PC Act concerning prior approval for investigation of public servants. The issue has now been referred to a larger Bench for final adjudication.
This article explains which companies must appoint Key Managerial Personnel under Section 203 of the Companies Act, 2013. It highlights compliance thresholds, required positions, and governance obligations for listed, public, and private companies.
Section 56 of Companies Act, 2013 requires execution of a proper instrument of transfer for transfer of interest of a member in a company not having share capital. Instrument must be executed by or on behalf of both transferor and transferee and delivered to company
ICAI clarified that ITC wrongly reversed under Table 4(B)(1) instead of Table 4(B)(2) can still be reclaimed within statutory timelines. The FAQs explain how taxpayers can rectify such reporting errors through future GSTR-3B adjustments.
The FAQs explain how the 60 Tax Audit assignment ceiling will operate through the UDIN system from 1 April 2026. ICAI clarified which audit forms will count toward the limit and how assignments across firms, branches, and revised reports will be treated.
