The Goods and Services Tax Network introduces a new email verification step for applicants returning via Temporary Reference Number, enhancing security and procedural compliance in GST registration processes. The Goods and Services Tax Network has tightened access to incomplete registration…
The Delhi Income Tax Appellate Tribunal has clarified that rejection of a charitable society’s registration under section 12AB cannot be based only on related-party loans, emphasising the importance of focussing on genuine charitable objectives and activities during registration. The Delhi…
Taxpayers receiving refunds after rebate claims under section 87A should understand that eligibility depends on how income is taxed and classified, not merely the gross total, with recent rules allowing refunds even when total income exceeds ₹12 lakh if certain…
India’s recent increase in import duties on gold, silver, and platinum has significantly impacted demand, with official data revealing a 6% decline in gold consumption and increased government revenue through customs, as authorities tighten import controls amid volatile global prices.…
The Reserve Bank of India’s decision to maintain the repo rate at 5.25% provides stability for homebuyers, developers, and investors, facilitating cautious growth in a volatile global environment. The Reserve Bank of India’s decision to leave the repo rate at…
HDFC Bank has lowered its marginal cost of funds-based lending rate (MCLR) across most tenures by 5 basis points, potentially easing borrowing costs for some clients from August 7, 2026. However, the impact on loans varies depending on the benchmark…
The Income Tax Department urges freelancers, small business owners, and professionals to submit their non-audit returns by August 31, 2026, highlighting the importance of timely filing to avoid penalties and late fees for assessment year 2026-27. The Income Tax Department…
The Seamen’s Provident Fund Organisation introduces faster withdrawal processes, enabling eligible seafarers to access funds quickly during income lags for medical, housing, and family milestones. Seafarers facing long gaps between contracts can use the Seamen’s Provident Fund Organisation as a…
The Indian Income Tax Department is finalising rules to enable online application for lower or nil tax deducted at source certificates, aiming to simplify compliance for small taxpayers and bolster its digital tax administration. India’s Income Tax Department is drafting…
Linking RuPay credit cards to UPI apps blurs the line between routine digital transactions and formal credit, offering unprecedented convenience and shaping India’s evolving payment habits. RuPay credit cards on UPI have blurred a line that once separated everyday digital…
While Sukanya Samriddhi Yojana offers attractive returns and tax benefits, eligibility constraints for non-resident Indian families restrict its accessibility, prompting them to explore alternative savings options abroad. For Indian families living overseas, Sukanya Samriddhi Yojana can still sound appealing on…
The Maharashtra government is intensifying its efforts to recover unpaid road taxes from BH-series vehicle owners by authorised vehicle seizures during roadside inspections, signaling a strict stance on compliance. Maharashtra has tightened enforcement against Bharat Series, or BH-series, vehicle owners…
