Latest Articles
India Transfer Pricing- Due Dates for Compliance for Tax Year 2026-27
Income Tax : The update outlines revised compliance forms, timelines, and penalties under the new rules. It highlights a structured transition ...
Tax Recovery Proceedings Under GST Law
Goods and Services Tax : Explains when recovery proceedings are triggered after a confirmed tax demand. Highlights that non-payment within the prescribed p...
AI Income Taxation in India Remains Unclear Due to Section 28 vs Section 56 Conflict
Income Tax : This highlights the ambiguity in classifying AI-generated income under existing tax provisions. It explains how classification imp...
Common Mistakes While Responding to Income Tax Notices
Income Tax : The issue is frequent additions arising from poor handling of notices. It highlights that improper or incomplete responses lead to...
Jaypee Resolution Raises Concerns as ₹57,000 Crore Claims Settled at Fraction Without Scrutiny
Corporate Law : The resolution plan was approved despite a higher competing offer, as creditors prioritized upfront payment and execution certaint...
Latest News
Empanelment of General Observers (GO) for CSEET Examinations June, 2026
CA, CS, CMA : ICSI has opened empanelment for General Observers to ensure smooth conduct of CSEET exams. Eligible members must apply within the ...
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...
Latest Judiciary
Appeal Limitation Begins from Date of Communication, Not Issue: CESTAT Allows Appeal by Remand
Service Tax : The Tribunal held that dismissal of appeal as time-barred was improper without proof of order delivery. The matter was remanded fo...
Bank Account Freeze for Deceased Father’s GST Dues Quashed Due to Lack of Notice: Bombay HC
Goods and Services Tax : The issue was attachment of a taxpayer’s bank account for another person’s dues without notice. The Court held such action inv...
CESTAT Upholds Excise Rule 25 Penalty Despite No Fraud; Allows Appropriation of Duty Already Paid
Excise Duty : The issue was whether penalty can be imposed without fraud or suppression. The Tribunal upheld penalty, holding that Rule 25 read ...
Service Tax Refund Cannot Be Denied on Car Parking and Rent-a-Cab Credits: CESTAT Chennai
Service Tax : The Tribunal held that denial of CENVAT credit on car parking and rent-a-cab services was unsustainable as the issue is settled in...
Set-Off of Loss Denied as Kerala Agriculture Income Tax Not Permits Transfer in Amalgamation: SC
Income Tax : The Supreme Court held that the Kerala Agricultural Income Tax Act does not allow an amalgamated company to claim losses of the am...
Latest Notifications
SEBI (Intermediaries) (Amendment) Regulations, 2026
SEBI : The amendment addressed gaps in assessing intermediary eligibility. SEBI expanded the scope to include economic offences and manda...
Income Tax Notification Corrected Due to Technical Errors in Rules & References
Income Tax : A corrigendum fixes multiple drafting and referencing mistakes in income tax rules. The update ensures clarity without altering su...
IRDAI Fixes 4% Obligatory Cession for FY 2026–27 to Strengthen Domestic Reinsurance
Corporate Law : The notification addressed mandatory reinsurance cession for general insurance policies. It mandates 4% cession to GIC Re, ensurin...
CBIC appoints Common Adjudicating Authority in case of Control Components India (P) Ltd
Custom Duty : The issue was multiple show cause notices issued by different authorities. The notification appoints a single adjudicating authori...
GSTN Advisory on Re-Computation of Interest under Table 5.1 of GSTR-3B
Goods and Services Tax : GSTN clarified that system-calculated interest for February 2026 was incorrectly reflected in March returns due to a technical iss...
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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.
