Latest Articles
Form PAS-6: Reconciliation of Share Capital Audit Report (Half- yearly)- Penalties & Highlights
Company Law : Clarifies that Form PAS-6 must be filed once ISIN is obtained, even if no shares are in demat form. Highlights the strict applic...
CTE & CTO Certificates: Requirement, Applicability & Regulatory Framework
Corporate Law : Explains the requirement of CTE before setup and CTO before operations. Highlights how both approvals ensure compliance and preven...
Recalibrating POSH Compliance: Strategic Lessons from TCS Nashik Unit Crisis
Corporate Law : Highlights that failure to act on workplace harassment complaints may be treated as abetment, attracting criminal consequences. Th...
Buyback Tax Reset: Promoter Penalty and New Capital Gains Framework
Income Tax : Establishes that higher tax burdens on promoters under the new regime require companies to reassess payout strategies. The takeawa...
POSH Act, 2013: From Compliance to Culture in Workplace Safety
Corporate Law : Emphasizes that organizations must shift from policy-based compliance to building a culture of safety rooted in accountability and...
Latest News
IBBI Proposes Amendments Due to Introduction of ‘Service Provider’ Definition
Corporate Law : The amendments arise from the inclusion of a unified “service provider” definition under the Code. The move expands regulatory...
IBBI proposes Amendments to Information Utilities Regulations, 2017
Corporate Law : The issue addressed is ambiguity in authentication and evidentiary value of financial information in insolvency cases. The propose...
IBBI Proposes Regulation Changes Due to New ‘Service Provider’ Definition in IBC Amendment
Corporate Law : The proposal aligns grievance regulations with the newly introduced definition under the amended Code. It aims to ensure uniform a...
IBBI Proposes Major CIRP Changes to Strengthen Creditor Rights and Governance
Corporate Law : The amendments focus on better protection of creditor interests and structured insolvency processes. They introduce new mechanisms...
IBBI Proposes Flexible PPIRP Filing Norms by Shifting Requirements to Regulations
Corporate Law : The amendment replaces rigid statutory documentation requirements with a flexible framework. This change empowers regulators while...
Latest Judiciary
Transfer of passive infrastructure assets to Vodafone Infrastructure was a ‘Gift’ eligible for sec 47(iii) exemption
Income Tax : Transfer of passive infrastructure (PI) assets under a court-approved scheme of demerger without consideration qualified as a gift...
No Service Tax Demand of ₹2.7 Crore on ocean freight margins in Multimodal Transport Operations
Service Tax : Profit arising from purchase and sale of cargo space by a freight forwarder on principal-to-principal basis was trading income and...
No Capital Gains Without Consideration Under Development Agreement: ITAT Hyderabad
Income Tax : The Tribunal held that a development agreement granting only a limited license for construction does not constitute transfer under...
Alleged Accommodation Entry Addition deleted Due to Loan Repayment Misclassification
Income Tax : The Tribunal held that loan repayment cannot be treated as unexplained cash credit under section 68. The addition was deleted as i...
No GSTIN Cancellation Without Proof of Fraudulent ITC Involvement & Independent Verification
Goods and Services Tax : The Court held that GSTIN cannot be cancelled solely based on supplier irregularities without examining the taxpayer’s transacti...
Latest Notifications
₹50,000 Penalty Imposed for Holding Multiple DINs in Violation of Companies Act
Company Law : The adjudicating authority penalized an individual for possessing dual DINs. The order reinforces strict compliance with DIN-relat...
Penalty Imposed for Failure to Hold Minimum Board Meetings Under Companies Act
Company Law : The authority penalized the company for conducting only one Board meeting instead of the required four in a year. It held that non...
Penalty Imposed for Delay in Appointing Company Secretary Beyond 6 Months
Company Law : Holds that failure to appoint a whole-time Company Secretary within the statutory timeline attracts penalty under section 203(5). ...
SEBI Relaxed SSE Norms to Boost NPO Participation by Extending Registration Period
SEBI : SEBI allows NPOs to remain registered on SSE for up to three years without fundraising. The move enhances flexibility and encourag...
Revised Custom Tariff Values for Gold, Silver & Edible Oils wef 16 April 2026
Custom Duty : The issue involved revision of tariff values for key imported goods under customs law. The notification amends valuation tables to...
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FAQs
The scheme allows companies to clear pending filings at reduced cost. It provides a major compliance relief with only 10% additional fees payable.
IGST refunds are not available when exports are made under LUT/Bond without tax payment. The clarification highlights eligibility conditions and prevents incorrect refund claims.
The issue covers taxation and computation of house property income under the new law. The key takeaway is clarity on annual value, deductions, and exemptions.
The RBI clarifies which entities must file FLA returns and outlines the complete online filing process. The key takeaway is mandatory compliance for entities with foreign assets or liabilities.
The issue concerns mandatory filing of FLA returns by entities with foreign investments. The RBI clarified that all such entities must file annually by July 15, even using provisional data if needed. The key takeaway is that non-compliance attracts penalties under FEMA, making timely filing essential.
