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Do Sons and Daughters have Equal Rights in HUF Property?

Income Tax : The 2005 amendment granted daughters equal coparcenary rights in HUF property, including inheritance and partition rights. However...

June 4, 2026 543 Views 0 comment Print

DIR-3 KYC/DIR-3 KYC WEB (Whether required to be filed for this year?)

Company Law : The revised DIN KYC rules replace annual compliance with filing once every third consecutive financial year. Directors must still ...

June 4, 2026 69 Views 0 comment Print

Jurisdictional Issues in DGGI Common Adjudication Orders under GST

Goods and Services Tax : Notification No. 27/2024 centralizes adjudication of multi-State GST investigations but does not expressly address appellate juris...

June 4, 2026 123 Views 0 comment Print

From Play to Pay GST: Decoding SC’s Verdict on Online Gaming

Goods and Services Tax : The Supreme Court held that online money gaming involving stakes constitutes a taxable supply of actionable claims. GST is payable...

June 4, 2026 153 Views 0 comment Print

DPIIT Registration for Chinese and other border sharing countries

Corporate Law : India’s procurement framework requires registration for specified bidders from land-border countries before participating in gov...

June 4, 2026 72 Views 0 comment Print


Latest News


Empanelment of Resource Persons/Faculty/Experts for Board of Studies, ICAI

CA, CS, CMA : ICAI's Board of Studies has invited Expressions of Interest from qualified professionals and academicians for empanelment as facul...

June 4, 2026 39 Views 0 comment Print

Request for Rationalisation and Merger of TDS Return Codes 1023 & 1024

Income Tax : A representation has urged CBDT to merge TDS return codes 1023 and 1024, arguing that both apply to the same contract payments wit...

June 4, 2026 51 Views 0 comment Print

ICSI First BI-Annual Western Region Convocation of FY 2026-2027 (First Half)

CA, CS, CMA : The Institute of Company Secretaries of India (ICSI) has announced the first bi-annual Western Region Convocation for FY 2026–27...

June 4, 2026 63 Views 0 comment Print

Issue GSTAT FAQ as Filing Procedures Continue to Cause Confusion: MGATBA

Goods and Services Tax : Practitioners are reportedly following different methods while completing GSTAT appeal forms because of inadequate guidance. The r...

June 4, 2026 2148 Views 0 comment Print

Information Systems Audit – Assessment Test (ISA – AT), 25th July 2026

CA, CS, CMA : ICAI has notified the Information Systems Audit (ISA) Assessment Test for 25 July 2026 in CBT mode. The announcement specifies eli...

June 4, 2026 15969 Views 0 comment Print


Latest Judiciary


Pune ITAT: Housing Society Wins U/s 80P Deduction on Interest from Cooperative Banks

Income Tax : Pune ITAT ruled that interest earned by a cooperative society from investments with cooperative banks is deductible under Section ...

June 4, 2026 54 Views 0 comment Print

ITAT Mumbai Restricts Bogus Purchase Addition to 7.87% of profit element

Income Tax : The ITAT Mumbai held that purchases cannot be treated as entirely bogus merely based on Sales Tax Department information when the ...

June 4, 2026 54 Views 0 comment Print

Bombay HC Set Aside GST Demand Order Passed Despite Stay, Keeps Section 16(2)(c) Challenge Open

Goods and Services Tax : The Bombay High Court set aside a GST adjudication order passed a day after an interim stay, accepting the State's statement that ...

June 4, 2026 63 Views 0 comment Print

No Double Taxation on Liability Write-Back: Delhi ITAT Deletes Section 41(1) Addition and Notional Interest Demand

Income Tax : The Delhi ITAT held that liabilities already written back and offered to tax in later years cannot be taxed again under Section 41...

June 4, 2026 210 Views 0 comment Print

Copy-Paste Reasons Sink Reassessment: Delhi ITAT Quashes Reopening for Non-Application of Mind

Income Tax : The Tribunal ruled that reassessment proceedings cannot survive when reasons recorded for reopening demonstrate non-application of...

June 4, 2026 111 Views 0 comment Print


Latest Notifications


IBBI amends IBC Utilities, voluntary liquidation, personal guarantors & pre-pack processes

Corporate Law : IBBI has notified amendments across several insolvency regulations to operationalize the Insolvency and Bankruptcy Code (Amendment...

June 4, 2026 9 Views 0 comment Print

Advisory on Heightened Cyber Security Risks arising from Frontier AI Models

Finance : IFSCA has warned regulated entities that advanced AI models can accelerate cyberattacks by rapidly identifying and exploiting vuln...

June 4, 2026 12 Views 0 comment Print

PFRDA Launches StAR NPS Platform for onboarding of subscribers under NPS

Corporate Law : PFRDA has introduced the StAR NPS platform to enable a fully digital and assisted onboarding process for NPS subscribers. The fram...

June 4, 2026 24 Views 0 comment Print

DGFT Authorises PDCCI to Issue Non-Preferential Certificates of Origin

DGFT : DGFT has authorized the Porbandar District Chamber of Commerce & Industries to issue Non-Preferential Certificates of Origin. The ...

June 4, 2026 33 Views 0 comment Print

DGFT amends HBP as India-Oman CEPA added to Certificate of Origin Framework

DGFT : DGFT has included the India-Oman CEPA in Para 2.88(a) of the Handbook of Procedures. The amendment enables exporters to obtain Cer...

June 4, 2026 Views 0 comment Print


FAQs


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.

RBI requires mutual funds to report foreign liabilities and assets annually for compilation of Balance of Payments and International Investment Position statistics. The survey must be filed each year by the prescribed deadline.

The document compiles 85 recent developments across financial regulation, anti-corruption enforcement, corporate investigations, anti-smuggling actions, and national security probes. It highlights increasing scrutiny, regulatory reforms, and inter-agency coordination.

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.

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