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…
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…
