KNOWLEDGE HUB
ROC Penalty for Delay in Loan-to-Equity Conversion
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...
TRACES 2.0: OLTAS Challan Correction for TY 26-27 Update
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...
Foreign Assets Information Now in AIS: Check Before Filing ITR
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 your ITR,...
FLA Filing Due Date Extended Till 31.07.2026 | RBI Update
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...
India’s IPO Market Heats Up: Latest Updates on SBI Funds, InsuranceDekho, Sotefin Bharat, and Happy Steels
India's IPO market is buzzing with activity this July. Companies of every size are stepping into the spotlight. From large financial institutions to niche manufacturers, the pipeline looks stronger than ever. This surge comes at an important time for investors. Market...
GeM TReDS Interlink: Govt’s New MSME Financing Plan
India's small businesses often wait months for payments. This delay chokes their working capital. However, a new government plan aims to fix this problem. The plan involves linking two digital platforms: GeM and TReDS. What Are GeM and TReDS? GeM stands for Government...
Make in Haryana Industrial Policy 2026
A New Era for Ultra Mega, Mega, and Large Enterprises Haryana has taken a bold step forward. The state government has notified the Make in Haryana Industrial Policy, 2026. This policy replaces the earlier Haryana Enterprises and Employment Policy, 2020. It came into...
Guidance Note on Tax Audit Under Section 44AB: Exposure Draft Explained
Tax audits form the backbone of India's compliance system. They protect the integrity of financial reporting. The Institute of Chartered Accountants of India (ICAI) plays a key role here. Through its Direct Taxes Committee (DTC), it issues guidance notes for...
Important Update on the Income Tax Portal: Form 26AS and Form 168 Explained
Form 168 Income Tax: What It Means for Form 26AS Users The Income Tax e-Filing portal now shows two familiar-looking documents. One is Form 26AS, governed by the Income-tax Act, 1961. The other is Form 168, introduced under the Income Tax Act, 2025. Many taxpayers...
Nine Years of GST: Simplifying Taxation, Strengthening India
On July 1, 2017, India rolled out the Goods and Services Tax. Nine years later, on July 1, 2026, this landmark reform completed a full decade of transformation. It replaced a maze of central and state taxes with one unified system. Today, GST stands as a symbol of...