KNOWLEDGE HUB
Madras High Court: Directors Can’t Be Held Automatically Liable for Company’s GST Dues
Khalid Buhari vs. Assistant Commissioner of CGST and C.Ex — Madras High Court February 2026 GST & Indirect Tax Law Court : Madras High Court Case : Khalid Buhari vs. Assistant Commissioner of CGST and C.Ex Subject : Section 89 CGST Act — Director liability for...
Finance Ministry Notifies Aadhaar Authentication for CIBIL Credit Report Access
A Landmark Step Towards Secure and Inclusive Credit Information Access in India In a significant regulatory development, the Department of Financial Services (DFS), under the Ministry of Finance, issued a notification on February 25, 2026, allowing TransUnion CIBIL...
GSTN Updates: Major Improvements in GSTR-3B, LUT Applications and Return Unblocking Process
Recent updates introduced by the Goods and Services Tax Network (GSTN) have significantly strengthened the compliance framework, particularly in GSTR-3B filing. The return now features enhanced auto-population of tax liability, input tax credit (ITC), and interest...
MCA Special Scheme 2026: File Overdue MGT-7 / MGT-7A / AOC-4 (all variants) / ADT-1 / FC-3 / FC-4 and 1956 Act Forms at 10% Additional Fees from 15 April to 15 July 2026
The Ministry of Corporate Affairs (MCA) has introduced a significant compliance relief measure for companies and foreign entities by announcing a special scheme effective from 15 April 2026 to 15 July 2026. During this limited window, defaulting entities will be...
National Highways to Go Fully Cashless at Toll Plazas Starting 1 April 2026
Cash payments at National Highway fee plazas across India are likely to be discontinued from 1 April 2026, marking a significant shift in the country’s toll collection system. The move is being planned by the National Highways Authority of India (NHAI) under the...
Tax Compliance Calendar – February 2026 (India)
February is an important month for tax compliance, especially for businesses, professionals, deductors, and GST-registered taxpayers. Timely adherence to statutory deadlines helps avoid interest, penalties, and late fees under the Income-tax Act, 1961 and Central...
Gold and Silver ETFs Fuel Mutual Fund Investor Additions to an 18-Month Peak in January 2026.
A sustained, record-breaking rally in precious metals spurred a significant shift in investor behavior in January 2026, driving mutual fund investor additions to an 18-month peak. Driven by fears of global economic instability and geopolitical risks, investors flocked...
ITAT Reduces Penalty, Holds TDS and Self-Assessment Tax Cannot Be Included in Tax Sought to Be Evaded
CASE: Niripraj Singh Sohal vs ITO (ITAT Delhi) In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, in the case of Niripraj Singh Sohal Vs ITO, held that while computing penalty for concealment of income, the “tax sought to be evaded” must...
Section-wise summary of the key TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) provisions in the New Income Tax Act, 2025
Section-wise summary of the key TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) provisions in the New Income Tax Act, 2025 (effective mainly from 1 April 2025 / AY 2026-27). The updated Act aims to simplify, consolidate, and rationalise TDS/TCS rules...
New Income-Tax Rule 205 Requires Employees to Declare Relationship With Landlord for HRA Exemptions”
The Central Board of Direct Taxes (CBDT) has introduced a procedural change in the DITR (Draft Income-tax Rules), 2026 that significantly affects salaried taxpayers claiming House Rent Allowance (HRA) exemptions. This change is part of the Income-tax Act, 2025...