Families relying on the Post Office Monthly Income Scheme must navigate evolving nomination and succession rules, with recent updates enabling easier claims but also highlighting the importance of keeping nomination records current to secure funds efficiently after an account holder’s…
The Reserve Bank of India issued penalties to five financial-sector companies, including Hinduja Leyland Finance, amid wider enforcement actions targeting microfinance pricing, securitisation, and credit reporting lapses. The Reserve Bank of India’s penalty on Hinduja Leyland Finance was one part…
RBI Deputy Governor Rohit Jain urges banks to tighten controls, streamline processes, and enhance digital access for retail forex customers amid rising demand and evolving expectations. RBI Deputy Governor Rohit Jain has urged banks to tighten oversight and improve the…
The Employees’ Provident Fund Organisation details how EPF interest continues post-employment and explains when accounts become inoperative, impacting ongoing earnings for retiring workers. An Employee Provident Fund balance can keep earning interest after a worker leaves a job, but only…
A Mumbai tax tribunal has clarified that signing a redevelopment agreement alone does not constitute receipt of property for tax purposes, providing relief to property owners awaiting possession amid ongoing construction. A Mumbai tax tribunal has ruled that a redevelopment…
As GST rates shift, companies must navigate nuanced rules around transaction timing and contract language to avoid compliance pitfalls and financial losses, particularly in goods versus services. When GST rates change, businesses with live contracts can face immediate pressure on…
The Madras High Court has directed the Income Tax Department to restore access to its digital portal for a taxpayer unable to file a return due to technical glitches, highlighting judicial support for procedural fairness amid evolving e-filing systems. The…
Employers with long-standing EPF contribution delays now have a one-time opportunity to resolve disputes at significantly reduced penalties through the EPFO’s Vishwas 2026 scheme, which opens until December 2026 with mandatory online procedures. Employers facing old disputes over delayed provident…
India’s Supreme Court has ordered longer mandatory third-party insurance periods for new cars and two-wheelers, aiming to improve crash victim protection and close a persistent compliance gap, with enforcement measures including linking fuel sales to insurance validity. India’s Supreme Court…
The Indian government has introduced new rules to establish Indian Standard Time as a scientifically traceable, unified national reference, aiming to synchronise systems across the country and improve digital accuracy. The Indian government has issued new rules aimed at turning…
The Delhi High Court has called for immediate measures to prevent fraudulent GST registrations using misused PAN and Aadhaar details, warning of continued risks to individuals and revenue losses amid widespread misuse. The Delhi High Court has given the Centre…
New GST rules requiring precise bank account details pose a risk of automatic suspension for businesses, with small firms most vulnerable to disruptions and delays in filing and input tax credits. For many businesses, GST compliance now depends on more…
