Latest Articles
GST Rectification, Appeals & Limitation: Interpreting Gap between Sections 107 & 161
Goods and Services Tax : Courts have addressed whether time spent pursuing rectification affects the limitation for GST appeals. The rulings aim to ensure ...
Understanding Dormant Status under Companies Act, 2013
Company Law : Dormant company status allows inactive companies to maintain legal existence with minimal compliance. The provision helps business...
Budget 2026 Introduces Penalty for Non-Reporting of Crypto Transactions
Income Tax : Budget 2026 proposes a new penalty framework for failure to report crypto-asset transactions under section 509. Reporting entities...
180-Day Clock: How SEBI’s New Investigation Cap is a Game Changer for Issuers
SEBI : SEBI now requires investigations into SME IPO irregularities to reach a regulatory milestone within 180 days. The rule aims to pre...
ICEGATE Registration: Benefits, Process and Required Documents
DGFT : ICEGATE is the official CBIC portal that allows importers and exporters to manage customs processes online. Registration enables b...
Latest News
Income Tax Dept Clarifies Error in Advance Tax e-Campaign Emails
Income Tax : The Income Tax Department acknowledged incorrect ‘significant transaction’ details in some advance tax reminder emails. Taxpay...
Free Live Workshop on Income-Tax Act, 2025
Income Tax : A free live workshop will discuss the structure and practical implications of the proposed Income-tax Act, 2025 and amendments und...
Free Live Webinar – Statutory Bank Branch Audit – Practical Approach
Fema / RBI : A practical webinar will explain the real-world approach to conducting statutory bank branch audits efficiently. The session cover...
Advisory on Ransomware Groups Targeting NAS Devices used by CA & Consulting Firms
Corporate Law : I4C warns that ransomware groups are targeting NAS devices used by CA and consulting firms by exploiting weak credentials, unpatch...
MCA Advisory on Name Reservation & Incorporation for Company and LLP
Company Law : Authorities rejected several name reservation applications because they were phonetically or structurally similar to existing enti...
Latest Judiciary
SCN u/s 74 GST Valid Even if Based on Material from Alleged Illegal Search: Karnataka HC
Goods and Services Tax : Additional Commissioner of Central Tax Vs Vigneshwara Transport Company (Karnataka High Court) SCN u/s 74 GST Valid even if based ...
SC Refuses to Interfere With Karnataka HC Ruling Allowing Kambala Across State
Corporate Law : The Supreme Court dismissed the SLP challenging the Karnataka High Court decision that Kambala events cannot be restricted only to...
High Court Refuses to Quash Assessment as Statutory Appeal Remedy Exists
Income Tax : The Calcutta High Court declined to interfere with an income tax assessment order, holding that writ jurisdiction should not be ex...
Madras HC questions Fourth Attachment of Same Properties Without Detailed Reasons
Income Tax : The Madras High Court examined repeated provisional attachment orders issued under Section 281B without detailed reasoning. The Co...
Sec 13(1)(c) Not Attracted for Higher Profit to Related Concerns: Karnataka HC
Income Tax : The Court held that merely earning higher profits by related concerns does not establish diversion of trust funds. Without evidenc...
Latest Notifications
CBIC Allows One-Time Relaxation for Import of Pets with Stranded Indians from War-Hit Middle East
Custom Duty : CBIC has issued a circular allowing stranded Indian nationals to bring pet dogs and cats into India with relaxed documentation req...
IFSCA Issues New FinTech Sandbox Framework for Innovation in IFSC
Finance : The new framework allows FinTech entities to test innovative financial solutions under regulatory supervision. It replaces the ear...
DGFT Restricts Import of Certain Studded Silver Jewellery
DGFT : The government has changed the import policy of specific studded silver jewellery items from Free to Restricted. Importers must no...
SEBI Updates Stress Testing Norms for Commodity Derivatives SGF Coverage
SEBI : SEBI has modified SGF coverage norms for commodity derivatives clearing corporations, requiring stress testing based on the simult...
Parallel Tax Proceedings Create Legal Chaos Between Domestic Courts & Arbitration
Corporate Law : Simultaneous tax disputes before domestic courts and international tribunals can produce conflicting outcomes. The article propose...
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FAQs
The 2025 law mandates advance tax on estimated income in four instalments, with limited exemptions for senior citizens and small liabilities. Missing deadlines may trigger interest under Sections 424 and 425.
FAQs on TCS under Income Tax Act, 2025 as amended by Finance Bill, 2026, covering rates, exemptions, PAN, returns, due dates, interest and penalties.
Budget 2026 retains existing income tax slabs but revises TCS, STT, and compliance timelines. The key takeaway is simplified procedures, rationalized penalties, and expanded exemptions across sectors.
ITC on bikes and scooters is blocked if used for passenger transport under Section 17(5)(a) of GST. Credit is allowed only in limited cases such as passenger transport, resale, or driving training.
The Enforcement Directorate levied penalties after finding misrepresentation in FDI receipts and improper reporting of foreign inward remittances. The adjudicating authority held that the contraventions were substantial and systemic under FEMA, 1999.
