The Employees’ Provident Fund Organisation introduces an official WhatsApp channel to deliver important updates to members and pensioners, marking a step in its digital communication strategy amidst concerns over scams and service accessibility. The Employees’ Provident Fund Organisation has opened…
Seafarers who missed last year’s income tax deadline should act promptly to verify applicable assessment years and avoid costly errors, with proper documentation and correct filing strategies crucial to minimise delays and penalties. Seafarers who miss last year’s income tax…
Tata Sons’ upcoming board meeting on September 17 could decide on a public listing and leadership succession amid regulatory setbacks and internal disagreements, marking a critical juncture for the Indian conglomerate’s future. A September 17 board meeting at Tata Sons…
The Hyderabad tribunal dismisses Rs 50 crore demand against Northern Power Distribution Company of Telangana Ltd., ruling that late-payment surcharges and meter-testing fees are not taxable services, marking a significant clarification in indirect tax jurisprudence. The Customs, Excise and Service…
A new study from IIM Indore reveals that India’s shift from the Old Pension Scheme to contributory systems has eased fiscal pressures but raises questions about adequate retirement income, especially for late entrants, prompting calls for broader reforms. A new…
India’s proposed company law overhaul aims to tighten eligibility, disclosure, and independence standards for directors, amid ongoing scrutiny of corporate oversight after major scandals. India’s proposed company law overhaul could reshape the role of independent directors at a time when…
The Reserve Bank of India has unveiled draft amendments enabling banks to impose temporary debit holds on accounts suspected of being used for illicit funds, aiming to strengthen cybersecurity and fraud prevention measures. The Reserve Bank of India has proposed…
Parents in India need to carefully understand the rules governing tax clubbing of minor children’s income, as recent guidelines highlight exemptions and pitfalls that can impact their tax liabilities. Parents in India who file income tax returns often overlook a…
The Gujarat Authority for Advance Ruling has mandated Airbus to register for goods and services tax in Gujarat for the supply of 40 aircraft, highlighting the state’s tax jurisdiction over the manufacturing process in India and potential implications for similar…
India’s varied gold investment options are subject to complex tax rules that depend heavily on the product type and holding period, prompting investors to navigate a shifting landscape for optimal returns. Gold remains one of India’s most familiar stores of…
The Delhi High Court has reaffirmed that reassessment cannot be justified on a change of opinion by a successor officer where the original assessment was based on satisfactory responses, reinforcing limits on reassessment powers. The Delhi High Court has reinforced…
The government’s pension scheme for low-income workers enforces stricter rules on premature withdrawal to promote commitment to retirement planning, with limited exceptions and penalties for missed payments. India’s Atal Pension Yojana is designed to provide a fixed monthly pension in…
