Companies are urging the GST Council to allow utilisation of unused tax credits from one state to pay liabilities in another, promising greater liquidity and simplified compliance amid current restrictions. Businesses are pressing the GST Council to consider a change…
India’s parliamentary finance committee will scrutinise the future of virtual digital assets on 16 September, amid growing offshore trading activity and regulatory uncertainties, potentially shaping future legislation. India’s parliamentary finance committee is set to press ahead with a fresh review…
Regulators and courts are increasingly holding telecom operators and banks responsible in the fight against growing sim swap fraud, marking a shift towards shared accountability amidst evolving legal standards. SIM swap fraud sits at the intersection of telecoms and digital…
Taxpayers in India must revisit their income estimates ahead of the September 15 deadline to avoid penalties as income streams and tax obligations shift, with many overlooking non-salary income sources like interest and rent. Tuesday, 15 September 2026 is the…
The Employees’ Provident Fund Organisation emphasizes the importance of accurate employment dates, introducing a broader self-service correction system to prevent delays in PF claims and pension eligibility related to outdated or incorrect exit dates. The Employees’ Provident Fund Organisation has…
The Reserve Bank of India’s updated alert list reveals that XM remains unauthorised for forex dealing in India, highlighting the critical need for traders to adhere to official frameworks amid growing warnings about offshore platforms. For an Indian resident looking…
Changes to the default tax regime for HUFs from April 2026 threaten significant forfeits of deductions, complicating compliance and restructuring amidst evolving tax laws. For Hindu Undivided Families, the key tax question for income earned from 1 April 2026 is…
India’s securities regulator has postponed the enforcement of the accredited-investor requirement for legacy angel funds, offering nearly seven months’ additional time for compliance amid industry pressure, while maintaining the rule’s core framework. India’s securities regulator has pushed back a key…
India’s customs authorities have implemented a comprehensive seven-checklist system for importing cosmetics, drugs, and medical devices, aiming to streamline clearance and reduce port delays amid ongoing system integrations. According to Circular No. 40/2026-Customs, reproduced by S C J Associates and…
Tax advisors clarify that earning from side businesses is classified under existing income heads, with evolving rules and forms increasing compliance complexity for salaried Indians engaging in extra work. As of guidance last reviewed by the Income Tax Department on…
Recent changes to the National Pension System introduce flexible withdrawal options, moving away from the traditional 60:40 split, affecting how retirees plan their income and annuities. Anyone using a simple National Pension System retirement calculator should be wary of treating…
Taxpayers awaiting refund payments should check their return verification, bank account validation, and data consistency on the official portal, as delays are often administrative rather than substantive. For taxpayers who filed returns this season and are still checking their bank…
