Latest Tax Updates, News, Articles & Notifications
A Landmark Shift in India’s M&A Financing Landscape The Reserve Bank of India (RBI) has issued the Reserve Bank of India (Commercial Banks, Credit Facilities) Amendment Directions, 2026, dated February … Read More
Why Form Renumbering Matters Now The Income Tax Act, 2025 takes effect on April 1, 2026, replacing the 63-year-old Income Tax Act, 1961. Along with the new Act, the government … Read More
Two Major Deadlines You Cannot Afford to Miss March 31, 2026 is not just the end of the financial year. It marks the effective date of a landmark change to … Read More
Why March 31 Matters for Every GST-Registered Business As the financial year 2025-26 draws to a close, GST-registered businesses face a series of critical compliance deadlines on March 31, 2026. … Read More
The Ministry of Corporate Affairs (MCA) has issued a notification dated March 10, 2026, introducing the Companies (Accounting Standards) Amendment Rules, 2026. The amendment modifies AS-22 (Accounting for Taxes on … Read More
The Central Board of Direct Taxes (CBDT) has issued Notification No. 19/2026 (G.S.R. 158(E)) dated March 5, 2026, introducing significant amendments to the Income-tax Rules, 1962. The notification amends Rules … Read More
No Income Tax in India for salary earned by a Korean Resident outside India: ITAT Delhi Amit Laroya Vs ACIT (ITA No.1457/Del/2022) Facts: 1. Amit Laroya, the appellant, challenged the … Read More
ITAT Mumbai judgement on whether employment includes self employment for the purpose of determining residential status ACIT Vs Nishant Kanodia (ITA No. 2155/Mum./2023) Facts: 1. The assessee, being an individual, … Read More
Stock difference should be taxed as business income and not unexplained investment: ITAT Chennai Ethiraj Hotel Mart (ITA No.: 1086/CHNY/2022) Facts: 1. The appellant/assessee operates in the wholesale trading sector, … Read More
Mere outsourcing of services to Indian subsidiary would not give rise to PE in India: ITAT Delhi M/s EXL Service. Com INC (ITA No. 4989/DEL/2014) Facts: 1. Exl India has … Read More
