by Jagdeep Garhwal | Jul 25, 2026 | Income Tax
Filing taxes gets more transparent this year. The Central Board of Direct Taxes (CBDT) now shows foreign income and asset details in your Annual Information Statement (AIS). This move helps taxpayers see what the department already knows. As a result, filing an...
by Jagdeep Garhwal | Jul 21, 2026 | Company Law
Companies often convert loans into equity shares to strengthen their balance sheets. However, this process demands strict compliance with the Companies Act, 2013. Recently, the Registrar of Companies (ROC) imposed penalties on a company and its officers for...
by Jagdeep Garhwal | Jul 17, 2026 | Income Tax
The Income Tax Department has confirmed an important update. OLTAS Challan Correction for Tax Year 26-27 will soon be available on TRACES 2.0. This news brings relief to many taxpayers and deductors. Until now, this correction facility was missing from the new...
by Jagdeep Garhwal | Jul 16, 2026 | Income Tax
The Income Tax Department has added a new feature to the Annual Information Statement (AIS). Taxpayers can now find “Foreign Assets Information” under AIS >> Reports. This update matters greatly for anyone holding assets outside India. Before filing...
by Jagdeep Garhwal | Jul 15, 2026 | General
Good news has arrived for businesses across India. The Reserve Bank of India has extended the FLA filing deadline. Companies now have until 31st July 2026 to complete their submission. This extra time offers much-needed relief to thousands of entities. What Is the FLA...
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