News

GST officials found irregularities in returns filed by several Ghaziabad slaughterhouses and are preparing for further action.

GST SIB Launches Major Crackdown on Slaughterhouses in Ghaziabad

Circulars

RBI has directed banks to submit daily reports on FCNR(B) deposits, ECBs and OFCBs raised under its swap facility, including retrospective data from June 8, 2026.

RBI Asks Banks to Report Daily Data on FCNR(B) Deposits, ECBs and OFCBs Under Swap Facility

Judgement

High Court Upholds Conviction in Cheque Bounce Case And Directs Accused to Undergo 8 Month Sentence

The RBI is promoting digital platforms like ULI to make MSME lending faster, easier, and more accessible.

RBI Encourages Banks to Treat MSMEs as Long-Term Growth Partners

The Tax Dept has clarified that taxpayers will not file two ITRs for the same income period, with AY 2026-27 covering FY 2025-26 income and Tax Year 2026-27 covering income earned from April 1, 2026 onward.

No Need to File Two ITRs for AY 2026-27 and Tax Year 2026-27, Clarifies Income Tax Dept Using Kar Setu

The ITAT Delhi quashed reassessment proceedings and deleted a Rs 48 lakh addition after the Income Tax Department failed to furnish the mandatory approval under Section 151.

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GST SIB Launches Major Crackdown on Slaughterhouses in Ghaziabad

RBI Asks Banks to Report Daily Data on FCNR(B) Deposits, ECBs and OFCBs Under Swap Facility

High Court Upholds Conviction in Cheque Bounce Case And Directs Accused to Undergo 8 Month Sentence

RBI Encourages Banks to Treat MSMEs as Long-Term Growth Partners

No Need to File Two ITRs for AY 2026-27 and Tax Year 2026-27, Clarifies Income Tax Dept Using Kar Setu

ITAT Quashes Reassessment as Tax Department Fails to Produce Section 151 Approval