Latest Articles
GST Implications on Buy Back of Shares
Goods and Services Tax : The issue was whether buyback of shares attracts GST. It was held that since shares are securities excluded from GST, buyback is n...
Recording the Truth: Privacy vs. Evidence in Modern Matrimonial Disputes
Corporate Law : The Supreme Court held that secretly recorded conversations can be admitted if relevant and legally compliant. Privacy rights do n...
TCS Rates under Section 394(1) w.e.f. 01.04.2026
Income Tax : This update outlines revised TCS rates under Section 394(1). It highlights rate hikes on certain goods and relief in remittances a...
ESOP Tax Relief for Employees of Startup Registered Companies
Company Law : This article explains how ESOP taxation works and highlights the deferral benefit for eligible startup employees. It clarifies tha...
Human Trafficking and Organized Crime Networks
Corporate Law : The article explains how structured criminal networks fuel human trafficking through advanced methods and global operations. It hi...
Latest News
Empanelment of CA Firms as Concurrent Auditors with SBI, Hyderabad
CA, CS, CMA : This explains the structured process for appointing audit firms, highlighting strict eligibility conditions and evaluation methods...
IFSCA Approves Capital Raising Frameworks to Enable Efficient Fund Mobilisation in IFSC
Finance : The Authority introduced frameworks for preferential issues, QIPs, and rights issues to streamline capital raising. The move aims ...
SEBI Proposes New Variable Net Worth Rules Due to Upstreaming Impact on Client Funds
SEBI : The consultation highlights that existing net worth calculations based on retained client funds are no longer effective. A revised...
SEBI Proposes CUSPA Reforms Due to Operational Challenges in Handling Unpaid Securities
SEBI : The draft circular addresses issues in managing unpaid client securities and proposes changes to the existing pledge framework. It...
ICSI Invites Stakeholder Feedback to Revise Company Secretary Course Syllabus
Company Law : The Institute has proposed syllabus changes to align with modern industry, regulatory, and technological needs. Stakeholders are i...
Latest Judiciary
Foreign Tax Credit Cannot Be Denied for Delay in Form 67 – ITAT Remands for Verification
Income Tax : The issue was denial of FTC due to delayed filing of Form 67. ITAT held that delay is procedural and directed authorities to grant...
Penalty U/s 270A Quashed – Failure to Specify ‘Misreporting Limb’ in Notice Held Fatal
Income Tax : The issue was whether penalty under Section 270A is valid without specifying the exact charge. ITAT held that absence of a specifi...
U/s 12AB & 80G Rejection Set Aside – ITAT Holds ‘Proposed Activities’ Sufficient, Orders Fresh Consideration
Income Tax : The issue was denial of registration due to non-commencement of activities. ITAT held that proposed activities and initial steps l...
CBDT Instruction 1916 Applies to Taxation Too – ITAT Deletes Jewellery Addition Within Prescribed Limits
Income Tax : The issue was whether jewellery found during search can be taxed despite CBDT limits. ITAT held that jewellery within prescribed l...
U/s 10AA Deduction Allowed Despite Late Filing of Form 56F – Procedural Lapse Held Curable
Income Tax : The issue was denial of deduction due to delayed filing of Form 56F. ITAT held that delay is a procedural lapse and directed allow...
Latest Notifications
ROC Mumbai Imposed Penalty for Failure to Maintain Registered Office Address
Company Law : The case involved non-maintenance of a functional registered office, evidenced by undelivered official communication. The authorit...
Duplicate DIN Held for 1,090 Days Triggers Heavy Penalty Despite Honest Error
Company Law : The case addressed prolonged possession of two DINs due to an inadvertent mistake. The authority imposed a ₹48,958 penalty, hold...
Duplicate DIN Violation Leads to Penalty Despite Genuine Mistake
Company Law : This case examines whether an unintentional duplicate DIN attracts penalties under company law. The authority held that liability ...
Drawback Allowed as SEZ to DTA Supply Treated as Import Under Law: CBIC
Custom Duty : CBIC clarified that goods moving from SEZ to DTA are deemed imports. Hence, re-export of such goods qualifies for drawback under S...
Central Government Pensioners’ Dearness Relief Raised to 60% from 1st Jan, 2026
Corporate Law : The issue concerns revision of Dearness Relief rates for pensioners. The government increased DR from 58% to 60% effective January...
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FAQs
Understand the mandatory GST compliances when closing a business, including return filing and tax on stock. The guidance clarifies liability calculation and procedural requirements.
The scheme provides a last opportunity for defaulting companies to file pending returns and financial statements with reduced penalties. It emphasizes that failure to comply within the window may lead to strict regulatory action, including strike-off.
This explains why operating a payment system without RBI approval is prohibited under law. The framework ensures only compliant and vetted entities can handle financial transactions, safeguarding systemic integrity.
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.
