Latest Articles
Can Updated Return Be Filed After Notice Under Sections 143(2), 148A or 148?
Income Tax : The article explains how the Finance Acts, 2025 and 2026 have reshaped the Updated Return regime under Section 139(8A). It highlig...
36-Year Separation Reduced Matrimonial Bond To A ‘Dead Wood Marriage’: Jharkhand HC
Corporate Law : The Jharkhand High Court held that a marriage marked by 36 years of separation had become a "dead wood marriage," justifying disso...
Dissolution by death of a Partner where only Two individual partners are in firm
Corporate Law : The article explains that a partnership comprising only two partners stands dissolved on the death of one partner under the Partne...
India opens door wider for Foreign Nationals to access Indian Stock Market
Fema / RBI : India has expanded portfolio investment access by allowing any individual resident outside India to invest in listed Indian compan...
GST Penalty on Directors Invalid Without Proof of Personal Benefit: Bombay HC
Goods and Services Tax : The Bombay High Court held that Section 122(1A) cannot be invoked against company officials unless the Revenue proves they persona...
Latest News
ICAI Launches AI Innovation Summit 2026 to Accelerate AI Skills for CAs
CA, CS, CMA : ICAI inaugurated AIS 2026 to strengthen AI adoption in the accounting profession through advanced certifications, AI publications,...
ICSI Seeks DRT Appearance Rights as CS Handle Complex Debt Recovery Matters
Company Law : ICSI has urged the Government to amend the law to allow Company Secretaries in Practice to appear before DRTs and DRATs. It argues...
ICSI Seeks Action against Eligible Companies Failed to Appoint Whole-Time CS
Company Law : ICSI has urged the MCA to ensure eligible companies comply with Section 203 by appointing Whole-time Company Secretaries. The repr...
IFSCA Proposes Mandatory KRA Integration to Eliminate Duplicate KYC Process
Finance : IFSCA has proposed mandatory integration of all regulated entities with a KYC Registration Agency to streamline client onboarding ...
Pension Funds Key to Viksit Bharat 2047 Due to Long-Term Capital Role
Corporate Law : The address highlights how pension funds can support India's journey towards Viksit Bharat 2047 by providing retirement security a...
Latest Judiciary
CESTAT Quashes Service Tax Demand as No Mining Licence or Royalty Payment Was Proved
Service Tax : The Tribunal held that service tax under RCM could not be demanded where the department failed to prove that the assessee held min...
Bombay HC Quashes Penalty as Order Giving Effect Was Not Passed Within Limitation
Income Tax : The High Court held that failure to pass the order giving effect within the time prescribed under Section 153 resulted in abatemen...
Strict Compliance With Custom Duty Exemption Notification Required: CESTAT Hyderabad
Custom Duty : The Tribunal held that the appellant failed to comply with the mandatory post-import obligations under Notification No. 65/88-Cus....
SC Upholds Section 107 Appeal Remedy, Extends GST Appeal Time
Goods and Services Tax : The Supreme Court declined to interfere with the High Court's order directing the taxpayer to pursue the statutory appeal under Se...
Section 80-IA Deduction Denied as Trade Credits Remained Unexplained Under Section 68
Income Tax : The Madras High Court held that unexplained trade credits falling under Section 68 cannot qualify for deduction under Section 80-I...
Latest Notifications
GST Proceedings Valid Despite Jurisdiction Change Due to Business Migration
Goods and Services Tax : CBIC clarified that proceedings validly initiated before a taxpayer's jurisdiction changes remain legally valid. The new jurisdict...
CBDT Grants Five-Year Scientific Research Recognition to Public Health Foundation
Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...
CBDT Approved University of Hyderabad for Scientific Research Tax Benefits
Income Tax : CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval i...
IBBI Penalises RP for Defying NCLT Orders on Financial Creditor Claim
Corporate Law : The Disciplinary Committee found that the Resolution Professional delayed admission of a financial creditor's claim and failed to ...
RBI Issues New Credit Derivatives Directions to Expand CDS and TRS Framework
Fema / RBI : RBI has notified the Credit Derivatives Directions, 2026, replacing the 2022 framework. The Directions introduce a comprehensive r...
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FAQs
Learn who can apply for an advance ruling, applicable fees, withdrawal rules, and its binding effect under the Income-tax Act. The guide also explains the transition from AAR to the Board for Advance Rulings and the e-Advance Ruling Scheme.
The document clarifies that a director’s resignation becomes effective upon receipt by the company or the specified future date, without requiring Board approval. It also explains the statutory compliances and continuing liabilities after resignation.
Understand who must undergo a tax audit under Section 44AB, the applicable turnover limits, audit forms, filing procedure, due date, and penalties for non-compliance. This guide explains the key compliance requirements for businesses and professionals.
Learn how different types of income tax assessments are conducted under the Income-tax Act. The FAQs explain assessment procedures, notices, timelines, reassessment provisions, and taxpayer remedies.
This guide explains the taxation of capital gains, computation methods, capital assets, and transfer provisions under the Income-tax Act. It also covers exemptions, reinvestment benefits, indexation rules, and the Capital Gains Account Scheme.
