India’s Supreme Court has directed the government to investigate allegations that private verification companies are exploiting sensitive employment and tax records, raising questions about data protection and privacy standards in the digital economy. India’s Supreme Court has told the federal…
India’s Supreme Court has ordered all states to establish Special Investigation Teams to scrutinise suspected fraudulent motor accident insurance claims, aiming to curb abuse and protect genuine policyholders from inflated premiums. The Supreme Court of India has ordered every state…
The Supreme Court has ruled that tax authorities must specify factual grounds in show-cause notices alleging fraud under Section 74 of the CGST Act, limiting the use of extended limitation periods. The Supreme Court has said tax authorities cannot use…
The Reserve Bank of India has introduced a revised framework enabling smaller non-banking financial companies with assets below ₹1,000 crore to potentially operate without mandatory RBI registration, signalling a significant regulatory shift. The Reserve Bank of India has opened a…
The Supreme Court has ruled that taxpayers cannot use section 264 of the Income-tax Act as a workaround to introduce late tax claims after the revision window has closed, reinforcing the importance of timely filing and correction of returns. The…
Taxpayers in India should exercise caution with surprise income tax refunds, as excess payments can stem from processing errors and lead to penalties and interest if not promptly addressed, say tax experts. A surprise income tax refund can feel like…
The Reserve Bank of India proposes reforms to loan pricing rules that could limit the flexibility of major non-banking finance companies and housing finance firms, signalling a shift towards greater sector discipline and transparency. The Reserve Bank of India’s proposed…
Errors in the recorded joining or exit dates in EPF accounts can hinder transfers, impact pension eligibility, and complicate withdrawals. Experts advise early correction of discrepancies to avoid future financial issues. A wrong date of joining or exit in an…
The Delhi High Court has mandated the Income Tax Department to pay Vodafone Idea over ₹53 crore in refunds, dismissing procedural hurdles linked to Form 26B and condemning delays that have persisted despite tribunal victories. The Delhi High Court has…
Investors should carefully track total long-term capital gains from equity mutual funds, as aggregated gains exceeding Rs 1.25 lakh are taxed under new India tax rules, impacting long-term wealth growth. For investors building long-term wealth through equity mutual funds, the…
The Customs, Excise and Service Tax Appellate Tribunal in New Delhi has overturned a ₹60 crore Service Tax demand against Twenty Four Guarding Private Limited, emphasising the need for evidence-based assessments and cautioning against reliance on assumptions and incomplete data.…
India’s markets regulator proposes comprehensive reforms to its settlement process, aiming to make resolutions quicker, clearer, and less costly while maintaining deterrence, in a move that could reshape enforcement dynamics. India’s markets regulator has proposed a wide-ranging rewrite of its…
