Latest Articles
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...
No Tax Deduction: Form 15G and Form 15H Declarations
Income Tax : Resident individuals, eligible non-corporate taxpayers, and senior citizens can avoid TDS on specified incomes by furnishing Form ...
Understanding Equalisation Levy: Online Advertising & E-commerce
Income Tax : Equalisation Levy, initially imposed on online advertisements and later extended to e-commerce transactions, ceases to apply from ...
ED Can Initiate PMLA Inquiry Without Prior FIR: Kerala HC
Corporate Law : The Court examined whether a predicate FIR is necessary before the ED can act under the PMLA. It held that inquiry proceedings and...
Compulsorily Convertible Preference Shares (CCPS)
Company Law : The article explains how Compulsorily Convertible Preference Shares are governed by corporate, tax, and FEMA regulations. The key ...
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
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...
ITAT Quashes Reassessment as Moratorium Under IBC Barred Fresh Tax Proceedings
Income Tax : The Tribunal examined whether reassessment proceedings could be initiated after the NCLT declared a moratorium under the Insolvenc...
Loan Confirmations Alone cannot Prove Creditworthiness of Creditors: ITAT Mumbai
Income Tax : The Tribunal examined whether unsecured loans could be accepted solely on the basis of loan confirmations. It held that confirmati...
CSR Expenditure Not Automatically Bar Section 80G Deduction: ITAT Ahmedabad
Income Tax : The Tribunal examined whether donations made as part of CSR obligations could qualify for deduction under Section 80G. It held tha...
Delhi HC Permits Suit Withdrawal as Operational Creditor Accepted Resolution Plan Amount
Corporate Law : The Delhi High Court held that acceptance of payment under an approved insolvency resolution plan amounted to settlement of the di...
Latest Notifications
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 ...
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. ...
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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.
