India aims to build semiconductor manufacturing capacity despite 95% import dependence. Details $10B Mission, supply chain risks, infrastructure gaps, and global ...

This complicates compliance and blocks ITC, potentially increasing the final cost of exempt products like exercise ...

The ITAT Mumbai struck down a PCIT's Section 263 revisionary order against Hampi Expressways, ruling it void because it was passed without issuing a show cause notice or hearing the taxpayer on the ...

Proposed GST reforms seek to collapse 4 slabs into two main tiers (5% & 18%), cut rates on essentials and electronics, and exempt individual health insurance ...

Agentic AI systems are reshaping finance by enabling autonomous decision-making in banking, insurance, and compliance. Learn about hybrid models and governance needs for this new ...

Delhi ITAT ruled that where sales are accepted, full purchase disallowance is unjustified. Citing Bombay HC, it restricted the addition for bogus purchases of Rs. 23.5 Cr to 12.5% profit element.

Core principles of professionalism (integrity, objectivity, independence) for CAs and bankers, enforced by ICAI, Companies Act, and RBI rules, using case law and numerical ...

Chennai ITAT rules that a charitable trust’s 5year 80G status can’t be denied due to a technical form selection error. Directs CIT(E) to grant recognition for AY 2022-23 to 2026-27 ...

India's Online Gaming Bill 2025 imposes a blanket ban on all online money games, citing financial risks. The move has halted investment and risks moving the sector ...

Health insurance premiums are tax-efficient capital for risk mitigation. Don't rely solely on corporate cover; use personal policies for continuity and Section 80D tax ...

Residential status under the Income Tax Act is determined every financial year based on the number of days an individual stays in India. An individual is considered Resident if any one of the ...

SEBI exempted RattanIndia promoters from a mandatory open offer for transferring 74.86% stake to family trusts for succession, citing no change in ...