Latest Articles
GST on RWA Maintenance Charges: What Residents Need to Know
Goods and Services Tax : The dispute centers on whether GST applies to the entire maintenance amount or only the excess above ₹7,500 per month. The issue...
CCI’s BookMyShow Order: Dominance Without Abuse?
Corporate Law : The CCI held that dominance alone is insufficient to establish a violation under Section 4. The key takeaway is that actual or pot...
Parameters for compulsory selection of income-tax returns filed in FY 2025-26
Income Tax : CBDT has identified search, survey, and reassessment cases for compulsory scrutiny in FY 2026-27. The guidelines highlight the Dep...
Disgorgement vs. Penalties: SAT Ruling on Tax Adjustments in Alpesh Vasanji Furiya v. SEBI
SEBI : The SAT's ruling in Alpesh Vasanji Furiya v. SEBI is a significant clarification of the relationship between securities enforcem...
Taxability of Perquisite in rent-free or concessional Employee Accommodation
Income Tax : Eligible individuals, non-corporate taxpayers, and senior citizens can avoid TDS on specified incomes by furnishing Form 15G or Fo...
Latest News
Pension Reforms in the Era of Digitalisation: Balancing Flexibility and Assurance
Corporate Law : The address highlights how Aadhaar, UPI, eNPS, and other digital tools are transforming pension enrolment and service delivery. It...
Govt Announces Measures to Deepen G-Sec Market & Boost FPI in Equities
Finance : The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 ...
Haryana Tops GST Growth Rankings Due to Strong Compliance & Enforcement Drive
Goods and Services Tax : Haryana recorded the highest State GST growth rate in India at 22% in May 2026. The achievement is attributed to strong tax admini...
CCPA Imposes Penalties as Dark Patterns Manipulated Consumer Consent
Corporate Law : CCPA fined digital platforms for using interface designs that influenced consumer choices without clear and informed consent. The ...
Income Tax Superintendent Caught by CBI in Bribery Case Linked to PAN Deletion
Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...
Latest Judiciary
No Section 271D Penalty if No Assessment Was Made & No Satisfaction Was Recorded: ITAT Delhi
Income Tax : ITAT Delhi quashed a ₹65 lakh penalty under Section 271D after finding that no assessment was made for the relevant year and no ...
Bluetooth Headsets falls Under Heading 8517 as They Transmit & Receive Voice & Data
Custom Duty : CESTAT examined whether Bluetooth headsets should be treated as communication devices or ordinary headphones. It held that devices...
GST Registration Amendment Allowed Subject to Deposit of Tax Arrears & Statutory Dues
Goods and Services Tax : The Orissa High Court considered a request for amendment of GST registration where business was conducted from a different locatio...
Review Petition Rejected as No Error Apparent Existed in Diesel Escalation Clause Judgment
Corporate Law : The Calcutta High Court examined whether its earlier ruling on diesel escalation reimbursement contained an apparent error. It hel...
Extended Limitation Held Invalid as Tax Proceedings Were Based Solely on Third Paty Data
Service Tax : The Tribunal examined a service tax demand raised on the basis of DGARM data and financial statements. It held that reliance solel...
Latest Notifications
IBBI Suspends Insolvency Professional for 3 Years Due to Failure to Constitute CoC
Corporate Law : IBBI held that an Insolvency Professional cannot delay constitution of the Committee of Creditors based on settlement discussions ...
Framework for Regulatory Sandbox for Responsible Innovation in Pension Sector
Corporate Law : PFRDA has introduced a Regulatory Sandbox framework allowing controlled testing of innovative pension products and FinTech solutio...
CBDT Issues Complete Income Tax Scrutiny Guidelines for FY 2026-27
Income Tax : The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during ...
NFRA Vacancy Circular for the Young Professionals
CA, CS, CMA : The vacancy circular highlights opportunities for professionals to contribute to financial reporting and auditing oversight. Appli...
Formats under IBBI (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019
Corporate Law : IBBI has prescribed standardized formats for written consent by Bankruptcy Trustees and proxy appointments by creditors under the ...
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FAQs
While permitting extensive investigations, the Court has clarified that allegations alone do not establish criminal liability. Any determination of guilt must be made through the judicial process after evidence is examined.
The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 April 2026. The reform aims to attract stable long-term foreign investment and make India’s debt market globally competitive.
The proposed ordinance exempts FIIs from tax on interest income and capital gains from Government Securities. The measure aims to increase foreign participation in India’s sovereign debt market and reduce tax-related investment barriers.
The Government proposes exempting BIS from tax on interest income and capital gains arising from Government Securities. The move aims to encourage future BIS investments and enhance India’s attractiveness for sovereign debt investments.
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.
