India’s securities regulator AIims to exempt eligible listed companies from appointing merchant bankers for certain small private debt issues, potentially reducing costs and increasing speed of fundraising amid market constraints. India’s markets regulator has proposed easing a key requirement for…
The Employees’ Provident Fund Organisation has upgraded its portal to offer online management of key member services, reducing the need for regional office visits and simplifying claims processing with a centralised, self-service platform. The Employees’ Provident Fund Organisation has moved…
The Mumbai bench of the Income Tax Appellate Tribunal rules that the tax authorities must specify the exact statutory violation before cancelling a charitable trust’s registration, reinforcing the need for clarity and fairness in tax proceedings amid ongoing disputes over…
Legal heirs must now navigate a more structured process to settle the income tax obligations of deceased taxpayers, including registering on the tax portal, handling notices, and protecting estate assets to avoid further liabilities. Death does not end a taxpayer’s…
The Pune Bench of the Income Tax Appellate Tribunal clarifies that cooperative societies can seek Section 80P deductions during assessment proceedings for 2015-16, reaffirming the prospective nature of the Section 80AC amendment introduced in 2018. The Pune Bench of the…
India’s section 44AD simplifies tax compliance for eligible small businesses, encouraging voluntary compliance through presumptive income schemes and relaxed audit norms while cautioning on strategic choices ahead of FY 2026-27. Section 44AD of India’s Income Tax Act is designed to…
Taxpayers with undisclosed foreign income or assets now have two options, file an Updated Income-tax Return or utilise the new Foreign Assets of Small Taxpayers-Disclosure Scheme, 2026, depending on their specific circumstances, age of omission, and tax paid abroad. Indian…
Gifting a systematic investment plan for Raksha Bandhan involves navigating complex rules around third-party funding, KYC requirements, and tax implications, making the act more intricate than simply transferring money. Gifting a systematic investment plan, or SIP, can be a thoughtful…
Banks across India are adopting video-based customer identification to facilitate quick, branch-free savings account openings, marking a shift towards fully digital onboarding amid evolving KYC regulations. Opening a savings account online in India can now be a largely branch-free exercise,…
A Himachal Pradesh consumer court has ordered an insurer to pay over Rs 2 lakh after ruling that claims denied on alleged undisclosed hypertension lacked sufficient medical evidence, highlighting growing scrutiny of insurer claim rejection practices in India. A consumer…
The Employees’ Provident Fund Organisation has initiated a broadening of its enrolment campaign, aiming to bring excluded workers into the formal social security system and encourage compliance among all establishments, with a key window running from June to October 2026.…
The Madras High Court has declared that the temporary freeze on input tax credit under Rule 86A of the GST Rules is limited to one year, ordering the unblocking of credits held for over two and a half years and…
