Latest Articles
How Salaried Individuals Can Reduce Capital Gains Tax: The Ultimate 2026 Guide
Income Tax : A practical guide for salaried taxpayers to save capital gains tax through home reinvestment, 54EC bonds, tax-loss harvesting, and...
Section 69A Addition Deleted as Revenue Relied Only on Untested Third-Party Statements
Income Tax : The Tribunal held that reliance on third-party statements without granting effective cross-examination amounted to a violation of ...
Interest Addition Deleted as Seized Calculations Alone Cannot Prove Real Income
Income Tax : The ITAT held that mere working sheets showing interest calculations do not establish taxable income. The Revenue must prove actua...
UP Police More Loyal to Government Than Constitution: Allahabad HC
Corporate Law : The Allahabad High Court held that allegations arising from private land transactions and cheating claims did not satisfy the requ...
Taxation of Charitable & Religious Trusts: A Guide to Sections 11–13
Income Tax : This analysis explains how charitable and religious trusts qualify for exemption under Sections 11 to 13 of the Income-tax Act. It...
Latest News
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...
ITAT Prioritizes Old Appeals as Rising Pendency Requires Urgent Disposal Measures
Income Tax : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...
Latest Judiciary
Calcutta HC Sets Aside 200% GST Penalty as E-Way Bill Renewal Delay Was Only 50 Minutes
Goods and Services Tax : The Calcutta High Court quashed a 200% GST penalty imposed for transport of goods with an expired e-way bill. Considering the brie...
ITAT Grants 50% Telescoping Relief as Earlier On-Money Income Was Accepted
Income Tax : he Tribunal held that accepted on-money receipts from earlier years could partly explain cash deposits made during the demonetisat...
LTCG Addition deleted as Revenue Failed to Link Assessee With Penny Stock Manipulation
Income Tax : The ITAT Delhi held that LTCG exemption could not be denied merely because the shares were classified as a penny stock. The additi...
P&H HC Grants Interim Relief as State’s Power to Facilitate Entry Tax Collection Post-GST Is Questioned
Goods and Services Tax : The challenge concerns provisions inserted into the Haryana GST Act and a subsequent executive order dealing with collection of en...
Absence of CDSCO NOC Was Not Sufficient for Detention of Imported Good: CESTAT Allahabad
Custom Duty : The Tribunal found no merit in Customs’ objections relating to classification, labelling and port restrictions for the purpose o...
Latest Notifications
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 ...
Formats under IBBI (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019
Corporate Law : IBBI has introduced standardized Forms A, B, and C for insolvency proceedings involving personal guarantors to corporate debtors. ...
Formats under IBBI (Voluntary Liquidation Process) Regulations, 2017
Corporate Law : IBBI has prescribed standardized formats for claims, compliance certificates, public announcements, and other filings under the Vo...
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FAQs
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.
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.
