Latest Articles
MCA Expands Fast-Track Mergers, Easing Mid-Market Restructuring Beyond NCLT
Company Law : The MCA introduced a risk-based eligibility framework allowing more companies to access fast-track mergers. By replacing size crit...
NFRA Flags Weak Auditor-Board Communication Due to Poor Implementation of Rules
Company Law : The issue concerns ineffective communication between auditors and governance bodies despite existing legal requirements. NFRA clar...
State Cannot Reclaim Decades-Old Lands Held by Innocent Buyers: SC
Corporate Law : Supreme Court held that states cannot undo decades-old land transactions to reclaim title, emphasizing protection of innocent buye...
ITR-4 Sugam: End of Blind Presumptive Compliance?”
Income Tax : ITR-4 Sugam: End of Blind Presumptive Compliance?” The Central Board of Direct Taxes (CBDT) has introduced a significant complia...
Composite GST Notices: The Case for Severability Over Invalidation
Goods and Services Tax : Explore why composite GST notices across multiple years should be judged by severability, not invalidation, balancing tax recovery...
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
ITAT Allows 80P Deduction as Interest Earned from Co-Op Banks Treated as Eligible Income
Income Tax : The Tribunal held that interest earned from co-operative banks qualifies for deduction under Section 80P(2)(d). It clarified that ...
ITAT Allows Advertisement and Marketing Expenses Due to Revenue Nature Despite No Income
Income Tax : ITAT ruled that selling and distribution expenses cannot form part of work-in-progress. Such costs do not contribute to inventory ...
Delhi HC Allowed Compensation as Revenue Expense Due to Commercial Expediency
Income Tax : The Court held that compensation paid to buyers for surrendering rights was incurred for business purposes and not capital in natu...
On-Money Payment Addition Quashed as Excel Sheet & Third-Party Statements Found Unreliable
Income Tax : The Tribunal held that additions cannot be sustained without incriminating material directly connecting the assessee to alleged ca...
Penalty on Share Premium Valuation Deleted – Bona Fide Claim Not Concealment
Income Tax : ITAT Pune deletes ₹4.83 lakh penalty under Section 271(1)(c), holding that a bona fide difference in share valuation methods (NA...
Latest Notifications
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...
FDI Company Profits Rise Despite Slower Sales Growth Due to Lower Interest Costs: RBI
Fema / RBI : RBI data shows profit after tax increased despite moderation in sales growth. Lower interest expenses and higher non-operating inc...
RBI cancels Licence of Paytm Payments Bank Limited – Read Manamgment Disclosure
Fema / RBI : The case addresses cancellation of a banking licence for non-compliance with statutory conditions. The regulator held that continu...
RBI Issues Draft PPI Rules to Strengthen Digital Payment Security Framework
Fema / RBI : RBI released draft PPI Directions, 2026 to enhance security, governance, and operational clarity. The key takeaway is stricter com...
Rising Global Uncertainty: Why Repo Rate Was Kept Unchanged at 5.25%
Fema / RBI : The case examines the MPC’s response to geopolitical tensions and supply shocks. The Committee held rates steady, citing uncerta...
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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.
