India Post is promoting its Rural Postal Life Insurance scheme in Firozabad as an affordable way for rural households to build savings and secure long-term life cover, with options tailored for different age groups and flexible payment plans. India Post’s…
A GST Appellate Tribunal has emphasised the necessity of invoice-specific verification prior to denying input tax credit due to discrepancies between GSTR-3B and GSTR-2A, highlighting procedural lapses and the importance of a proper hearing in tax adjudication. A GST Appellate…
The Employees’ Provident Fund Organisation prepares for a major updates with EPFO 3.0, promising faster and easier withdrawals via UPI and EPF-linked ATMs, although the rollout is phased and not yet nationwide. EPFO 3.0 is being positioned as a major…
Investors in the 2019-20 Series IV Sovereign Gold Bonds are approaching a crucial early-exit window on 17 September 2026, with rising gold prices potentially unlocking substantial gains , but tax rule changes could impact final returns. Investors who bought the…
Indian subsidiaries often believe that timely Form 3CEB submissions shield them from transfer pricing scrutiny, but experts warn that weaknesses in documentation, transaction mapping, and method selection can lead to audits and disputes despite compliance efforts. Indian subsidiaries of multinational…
The Gujarat High Court has clarified that reassessment notices relying on third-party seized documents require a direct, live link to the taxpayer; cases highlight the importance of specific nexus over suspicion in tax assessments. The Gujarat High Court has reinforced…
India’s pensions regulator introduces new categorisation and standardised presentation rules for the National Pension System, enhancing transparency and comparison for investors amid ongoing reforms and cost reductions. India’s pensions regulator has moved to make the National Pension System easier to…
The Life Insurance Code Compliance Committee has formally warned an unnamed insurer following more than 10,000 breaches relating to late, incomplete, or inaccurate annual notices, exposing systemic weaknesses in their systems and oversight. The Life Insurance Code Compliance Committee has…
The Reserve Bank of India has mandated clear turnaround times for refunds and automatic compensation for failed transactions, promising faster resolution for borrowers and stricter enforcement for banks since 2019. When a loan repayment fails after money has already been…
India’s Directorate General of Foreign Trade clarifies policy to treat rupee receipts as equivalent to foreign currency realisation, closing a long-standing mismatch without enabling full liberalisation of cross-border deals. India’s Directorate General of Foreign Trade has moved to remove a…
India’s insurance regulator IRDAI has unveiled a proposal for a comprehensive public insurance registry aimed at increasing transparency, improving consumer access, and accelerating market reform as part of the wider Sabka Bima Sabki Raksha legislative framework. India’s insurance regulator has…
The Delhi Income Tax Appellate Tribunal clarifies that excess surrendered stock, properly accounted for, cannot be used as a basis for arbitrary gross profit estimations, emphasizing the importance of accurate inventory valuation and documented accounting practices. The Delhi Income Tax…
