A Mumbai consumer court has mandated the Employees’ Provident Fund Organisation to pay 6% interest to a retired employee after a 35-day delay in settling a ₹14 lakh PF claim, highlighting the importance of timely retirement benefits. A Mumbai consumer…
Shoppers in India are increasingly challenging extra charges imposed by retailers for credit card payments, amid ongoing debates around disclosure and regulatory guidelines on surcharge transparency. Many shoppers in India have seen it at the till: a retailer asks for…
In cases of lost or stolen credit cards used for unauthorised purchases, immediate reporting is crucial. India follows a strict three-day window for liability, aligning with RBI guidelines, while US policies offer different timelines and caps, emphasising the importance of…
Indian expatriates with US retirement accounts face new tax complexities as India’s 2026 law shifts the taxation landscape, particularly around residence status and global income reporting. For an Indian citizen who has spent more than a decade working in the…
A recent Hyderabad ruling underscores the importance of lenders returning original property papers within 30 days after loan repayment, with banks held accountable for delays or loss, prompting stricter compliance and borrower vigilance. A housing loan is not fully concluded…
A Delhi court has convicted three company officials for failing to remit Rs 8.51 crore in TDS, emphasising that tax collected on behalf of the state cannot be used as a short-term financial cushion, marking a tougher stance on corporate…
A basic GST check before settling a restaurant bill can help diners identify suspicious charges, ensuring they aren’t paying unlawfully, experts advise. A simple GST check before paying a restaurant bill can help diners avoid charges that may not be…
While non-resident Indian (NRI) status for seafarers may seem straightforward, recent guidance reveals the importance of income origin and residence in determining tax liability, with some income streams remaining taxable in India despite non-resident status. Many Indian seafarers assume that…
Understanding how residency status affects taxation is essential for international sailors, with recent guidelines and tax tools helping seafarers navigate complex rules on foreign income and filing requirements. For many seafarers, tax becomes confusing the moment they start earning abroad.…
Recent updates to Form 3CD in India are turning tax audits from a procedural formality into dynamic, cross-referenced exercises that require detailed validation of financial records and statutory data, signalling a shift towards proactive tax risk management. India’s tax audit…
Chartered accountancy firms and LLPs have until today to submit their Multipurpose Empanelment Form for the 2026-27 cycle, with no extensions granted, impacting eligibility for public sector bank audit panels. Chartered accountancy firms and limited liability partnerships have until today,…
The Delhi High Court’s recent ruling on Ernst & Young U.S. LLP’s secondment reimbursements signals a potential shift in Indian tax treatment, emphasizing formal control and employment links over economic substance, amid ongoing disputes and uncertainties for multinational companies. India’s…
