Latest Articles
Common Mistakes That Lead to Rejection of Subsidy Claims in India
Finance : A practical guide on common mistakes that lead to rejection of subsidy claims in India, covering planning, compliance, documentati...
GST ITC Denial Due to NGTP Tags Hurts Genuine Buyers’ Rights
Goods and Services Tax : The issue concerns denial of ITC to bona fide buyers based solely on supplier tagging and analytics. The key takeaway is that mech...
Important Changes Under Income Tax Act 2025 and 1961
Income Tax : The new law keeps depreciation methods unchanged for continuity. However, it broadens tax scope by including assets “belonging t...
Alternative Investment Fund (AIF)
SEBI : The issue concerns the legal definition and structure of Alternative Investment Funds. The framework classifies AIFs as privately ...
TDS Payment Under New Income Tax Act 2025 – All You Need to Know
Income Tax : The new law restructures TDS provisions into Sections 392, 393, and 394, altering compliance procedures. Correct selection of code...
Latest News
ICAI releases September–November 2026 Dates for CA Exams
CA, CS, CMA : ICAI released complete schedule for Foundation, Intermediate, and Final exams along with application deadlines and fees. The annou...
Mandatory Time Limit for Appeal Disposal Suggested Due to Huge Pendency Before CIT(A)
Income Tax : The issue highlights delays caused by non-binding timelines in appellate proceedings. It proposes mandatory limits to ensure faste...
GIFT-IFSC Emerges as Global Treasury Hub Due to Regulatory Reforms
Finance : The conference examined how regulatory flexibility and tax incentives are transforming GIFT-IFSC into a global treasury hub. It hi...
India Deploys Mobile Alert System Due to Rising Need for Disaster Preparedness
Corporate Law : The initiative addresses delays in disaster communication across regions. The system enables instant, geo-targeted alerts using mo...
NFRA issues Audit Quality Inspection Guidelines
Company Law : NFRA introduced guidelines to evaluate audit firms’ compliance and quality control systems. The framework emphasizes governance,...
Latest Judiciary
Generic PVC Fabric Description Not Misdeclaration; NIDB Value Rejection Quashed by CESTAT
Custom Duty : The Tribunal held that rejection of declared value without proof of inaccuracy was unjustified. Key takeaway: transaction value ca...
Bogus Purchase Addition Remanded Due to Pending HC Decision on Similar Issue
Income Tax : The issue involved additions based on alleged bogus purchases without VAT payment. The Tribunal remanded the matter pending the Hi...
Section 194-IA TDS on Full Property Value Mandatory, Not Linked to Payment Timing: ITAT Bangalore
Income Tax : The Tribunal upheld TDS liability where tax was deducted only on part of the property value. It ruled that TDS must be applied on ...
HP HC Directs Fresh Review of ITC Claim, Orders Reasoned Decision on GST SCN
Goods and Services Tax : The issue involved denial of ITC without evaluating submitted documents. The Court directed authorities to reconsider objections w...
Jharkhand HC Orders Surrender in Fake GST Customs Officer Auction Fraud Case
Goods and Services Tax : The issue involved alleged cyber fraud where funds were credited to the petitioner’s account. The Court granted relief consideri...
Latest Notifications
NCLT Allows Single Member Benches to Hear Cases to Reduce Pendency and Speed Up Disposal
Corporate Law : The order permits single judicial members to handle procedural and uncontested matters. It ensures faster case disposal while pres...
CBIC Revises UTGST Rate Notification Under Finance Act 2026
Goods and Services Tax : CBIC has amended Notification No. 9/2025-Union Territory Tax (Rate) to revise tariff entries under UTGST schedules from May 1, 202...
CBIC Revises IGST Rate Notification Under Finance Act 2026
Goods and Services Tax : CBIC has amended Notification No. 9/2025-Integrated Tax (Rate) to revise tariff entries under IGST schedules in line with Finance ...
CBIC Revises GST Rate Notification Under Finance Act 2026
Goods and Services Tax : CBIC has amended Notification No. 9/2025-Central Tax (Rate) to revise tariff entries in GST schedules in line with Finance Act, 20...
Gross and Net GST revenue collections for month of April, 2026
Goods and Services Tax : The data highlights a sharp increase in GST collections driven by import-related IGST. It confirms strong revenue performance and ...
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FAQs
The circular addresses uncertainty in FLA reporting FAQs under FEMA. It directs institutions to pause action until regulatory clarity is achieved, ensuring compliance consistency.
The issue concerns regulatory burden on smaller NBFCs without systemic risk exposure. The RBI introduced exemption for such entities under “Unregistered Type I NBFCs.” The key takeaway is that low-risk NBFCs may operate without registration subject to strict conditions.
The issue concerns delays in pension credit caused by banks. The guidelines mandate 8% interest compensation for such delays. The key takeaway is that banks are accountable for timely pension payments.
RBI clarified that the Digital Rupee is legal tender with features similar to physical cash. It enables secure, instant, and fee-free transactions through digital wallets.
Understand the mandatory GST compliances when closing a business, including return filing and tax on stock. The guidance clarifies liability calculation and procedural requirements.
