The Delhi High Court has overturned a reassessment order, citing a breach of natural justice as the tax officer curtailed the taxpayer’s response window to less than half the statutory period, raising concerns over procedural safeguards in tax reassessment processes.…
As retirees seek predictable income from a Rs 20 lakh corpus, the choice between Senior Citizens Savings Scheme, Post Office Monthly Income Scheme, and Time Deposit hinges on payout frequency and risk appetite, with recent rates favouring the SCSS for…
Recent decisions by the Income Tax Appellate Tribunal in various cities have bolstered taxpayers’ claims for full rebate under Section 87A on short-term capital gains taxed under Section 111A, signalling a shift in legal interpretation and potential relief for taxpayers…
India’s equity derivatives market, a vital tool for price discovery and risk management, faces scrutiny as regulators implement cautious reforms to address retail trader losses and market volatility amidst evolving structural concerns. India’s equity derivatives market has become a case…
India’s central bank proposes a standardised process for banks to place temporary holds on suspicious transactions, alongside enhanced AI monitoring and new measures to combat deepfake fraud and drone threats, signalling a comprehensive move towards faster detection and response to…
Taxpayers with high estimated annual liabilities are urged to pay the second instalment of advance tax by 15 September to avoid penalties, with the Indian tax department highlighting crucial rules for freelancers, traders, and salaried workers with additional income sources.…
The September 14 deadline for LPG biometric e-KYC remains uncertain amid conflicting reports on enforcement and official government orders, leaving consumers unsure of potential service disruptions. The message circulating among LPG customers says the biometric e-KYC deadline is 14 September,…
India’s payments network has reassured consumers that standard bank-to-bank UPI transfers will remain free, as new charges are solely targeted at merchant transactions routed through prepaid payment instruments, amid concerns over fee implementation. India’s payments network has moved to calm…
The Reserve Bank of India has proposed a comprehensive framework to standardise bank responses to cyber fraud, including quicker notifications, transaction-focused freezes, and digital processes to fight rising digital scam losses. The Reserve Bank of India has moved to tighten…
India’s 8th Central Pay Commission is consulting stakeholders on overhauling pay and pension benefits, with proposalsIncluding age-related pension increases and broader pension reforms, sparking debate among unions, pensioners, and government bodies. India’s 8th Central Pay Commission has begun consulting employee…
India’s insolvency regulator plans to tighten regulations on personal guarantor cases, introducing measures to improve asset evaluation, prevent creditor influence, and ensure transparent resolution processes amidst ongoing reforms. India’s insolvency regulator is moving to tighten the rules around personal guarantor…
India’s Goods and Services Tax Network has introduced an auto-fill function for businesses applying for additional GST registrations under the same PAN, streamlining the process and reducing paperwork from 1 September 2026. India’s Goods and Services Tax Network has added…
