A carefully drafted and registered partnership deed can determine how partners are paid, who controls the business and whether key expenses qualify for tax relief under India’s upcoming rules. A partnership deed is the document that turns a business understanding…
A crowded November filing calendar will require businesses to coordinate return submissions, tax payments and invoice reporting while reviewing prior-year input tax credit claims and correcting data mismatches. November 2026 is a crowded month for goods and services tax compliance,…
The Income Tax Department has targeted practitioners whose audit-report filings have fallen sharply, as the revised 21 October deadline approaches. The Income Tax Department has stepped up pressure on tax professionals to clear a backlog of audit reports, sending messages…
Governor Sanjay Malhotra says the RBI’s 20% reserve requirement on some large rupee-linked derivatives is intended to curb speculation and keep markets orderly, while leaving investment flows and repatriation unrestricted. RBI Governor Sanjay Malhotra has sought to calm concerns that…
The court has directed tax officials to verify salary deductions with employers rather than make workers pay again when deducted TDS is missing from official records. The Orissa High Court has said a salaried employee should not be forced to…
R.B. Kishore has praised R.K. Sahni’s blog after it reached 2.7 million hits, highlighting its mix of commentary, public-interest analysis and practical guidance. R.K. Sahni’s blog has reached 2.7 million hits, a milestone that prompted a warm tribute from R.B.…
A late-year Roth conversion may be treated as though income arrived earlier, but Schedule AI and safe-harbour rules can help taxpayers avoid an underpayment penalty. A taxpayer who converts $90,000 from a traditional IRA to a Roth IRA in October…
The finance minister says investor views will be heard during Budget consultations, reviving speculation over relief on equity gains despite the government insisting that no abolition proposal is under consideration. Finance Minister Nirmala Sitharaman has reopened debate over India’s long-term…
India’s markets regulator has proposed tougher oversight of how listed companies use money raised from investors, including direct reporting to stock exchanges, fines for non-cooperation and possible freezing of promoters’ demat accounts. India’s markets regulator has proposed a tougher framework…
Employers with tax-recognised provident fund trusts but no formal EPFO exemption order have until 28 December 2026 to regularise their status under a one-time amnesty. The Employees’ Provident Fund Organisation has urged eligible employers to move quickly to regularise exempt…
India’s tighter rules for online bond platforms protect how trades are settled and complaints handled , but leave investors exposed to defaults, downgrades, interest-rate moves and thin trading. India’s online bond market has become more tightly regulated, but the protections…
The GST Council has recommended allowing refunds on input services under inverted duty structures, alongside faster automated claims and clearer treatment of written-off stock. India’s goods and services tax panel has moved to ease one of manufacturing’s most persistent cash-flow…
