Latest Articles
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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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 ...
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 ...
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...
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...
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...
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...
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...
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 ...
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...
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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.