Income Tax Act 1961
India’s Digital Payments Revolution: RBI’s Digital Lending Directions & UPI’s Global Dominance India’s financial landscape is undergoing a transformation. On 8 December 2025 the Minister of Finance informed the Lok Sabha that the Government and the...
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Income Tax Act 1961
The Bombay HC has refused interim relief to a same-sex couple challenging the exemption for gifts from “spouse” under Section 56(2)(x) of the IT Act. The recent order of the...
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Income Tax Act 1961
Supreme Court Form 15CB Judgment – CA Liability Under PMLA Clarified Introduction The Supreme Court of India has recently delivered a significant judgment clarifying the liability of Chartered Accountants (CAs)...
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Income Tax Act 1961
ITAT Favors Aishwarya Rai Bachchan in ₹4.11 Crore Section 14A Tax Dispute Background of the Case (AY 2022–23)For the Assessment Year 2022–23, Aishwarya Rai Bachchan filed returns disclosing around ₹39.3 crore...
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Corporate Accountability
IICA Certified Mediator Programme (ICMP) at a glance Applicability to a practising Chartered Accountant Aspect Key details Institution The Indian Institute of Corporate Affairs (IICA) is an autonomous institute under...
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CBDT
1. Tax on Gift of a Car to a Non-Relative — Clarified In India, gifts often symbolize goodwill and affection. Yet, the Income-tax Act, 1961 draws a fine line between...
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Income Tax Act 1961
RBI clears bank-funded M&A—what changes for you now? Summary (2-minute read) What exactly has changed? 1) Bank-funded M&A (acquisition financing) RBI has proposed an enabling framework so that banks can directly fund...
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CGA
The Government of India has appointed Ms. T.C.A. Kalyani, a 1991-batch officer of the Indian Civil Accounts Service (ICAS), as the new Controller General of Accounts (CGA) in the Department of Expenditure, Ministry of Finance....
Read MoreA recent decision by the Delhi High Court has brought much-needed relief to a Non-Resident Indian (NRI) who was facing a significant tax demand due to an error in the...
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CBDC
Madras High Court on Pension Account Attachment for Income Tax Dues 🔎 Overview: Pension Funds Declared Immune from Tax Recovery Attachments In a landmark and socially impactful decision, the Madras...
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