Computation of Income and Tax Liability
The document outlines the structured process for determining total income and tax liability. It emphasizes stages including residential status, income computation, and final tax calculation. The post…
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The document outlines the structured process for determining total income and tax liability. It emphasizes stages including residential status, income computation, and final tax calculation. The post…
The authority extended food safety officers’ jurisdiction to major airports across India. This ensures stricter monitoring and compliance in high-traffic transit hubs. The post FSSAI Expands Jurisdict…
FSSAI amended its 2021 notification by omitting several serial entries of Food Safety Officers. The update refines enforcement structure and jurisdiction allocation. The post FSSAI Revises Food Safety…
The issue was whether IGST paid by mistake could be adjusted against CGST and SGST. The Court held that no such adjustment is permitted and directed payment of correct tax with refund claim for IGST.…
The issue involved enhancing the existing NPS Swasthya scheme. The circular introduces PoC 2 with revised features to improve flexibility and evaluate the scheme under varied conditions. The post NPS…
The circular shifts SLAs from a renewal-based licensing system to a registration regime with annual fees. This ensures continuity of registration subject to compliance. The post IRDA Introduced Annual…
The latest regulatory updates clarify how FOCCs can make downstream investments, especially through share swaps and deferred payments. The reforms aim to reduce ambiguity while aligning with FDI norms…
Case Details: Institution of Engineers … Continue reading "Gratuity Forfeiture Valid for Gross Negligence Causing ₹35 Cr Loss | HC" The post Gratuity Forfeiture Valid for Gross Negligence Causing ₹35…
Act No. 6 of 2026; … Continue reading "The President Gives Assent to the IBC (Amendment) Act 2026" The post The President Gives Assent to the IBC (Amendment) Act 2026 appeared first on Taxmann Blog.
RBI/2026-27/07 A.P. (DIR Series) Circular … Continue reading "RBI Retains FPI Investment Limits in G-Secs | SGSs | Corporate Bonds" The post RBI Retains FPI Investment Limits in G-Secs | SGSs | Corpor…
PR No. 2026-2027/27; Dated: 06.04.2026 … Continue reading "RBI Issues the Draft RBI (Branch Authorisation) Amendment Directions 2026" The post RBI Issues the Draft RBI (Branch Authorisation) Amendment…
Courts recognize oral family settlements if genuine and voluntary. However, lack of evidence or misuse for tax purposes can lead to rejection and legal complications. The post Oral Family Arrangements…