News

The Income Tax Department has confirmed that cross-Tax Year challan correction functionality is under development on TRACES and will be available shortly, while clarifying the use of FY 2025-26 challans for TY 2026-27 TDS statements.

TRACES to Soon Permit Cross-Year Challan Corrections Amid New Income Tax Act Transition

Rashi Peripherals will pay Rs 1.67 lakh, including GST, after NSE rejected its penalty waiver request for SEBI listing regulation violations.

Rashi Peripherals Faces Rs 1.67 Lakh Fine After NSE Rejects Waiver Application for SEBI Listing Regulation Violations

SBI has disclosed the exposure of 3,897 customer records containing personally identifiable information on the dark web and initiated cybersecurity response measures and an independent investigation.

SBI Discloses Customer Data Leak on Dark Web, Identifies 3,897 Records Containing Personally Identifiable Information

Notifications

CBDT exempts eligible resident and foreign institutional investors from TDS on interest earned on Maharajah INR Bonds issued by the New Development Bank from tax year 2026-27 onwards. 

CBDT Exempts Interest on New Development Bank’s Maharajah INR Bonds from TDS

ICICI Life Insurance faces a total tax and interest demand of Rs 5,914.19 crore for AY 2023 and has filed an appeal against the rectification order, stating that no material adverse financial impact is expected.

ICICI Prudential Life Insurance Faces Rs 5,914 Crore Tax Demand After Income Tax Department Issues Rectification Order for AY 2023

JSW Dulux’s GST demand has been reduced from Rs 118.33 crore to Rs 42.04 crore by the Karnataka GST Department, while the company prepares a further response in the ongoing tax dispute.

JSW Dulux Gets Partial Relief as Karnataka GST Department Reduces Tax Demand from Rs 118.33 Crore to Rs 42.04 Crore

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