Foreign Income Not in Your ITR? Expect a Sharp NUDGE Before Dec 31! What is NUDGE 2.0? CBDT has launched NUDGE 2.0—a proactive, data-driven initiative to strengthen voluntary compliance for foreign assets and overseas income in AY 2025–26 ITRs. It uses global data-sharing systems like AEOI, CRS, FATCA, and information from overseas financial institutions to …
Car Insurance for Electric & Hybrid Vehicles: What You Should Know Electric and hybrid vehicles are rapidly gaining popularity in India as more people embrace sustainable mobility and look for greener alternatives to traditional fuel-based cars. These vehicles not only help reduce carbon emissions but also offer long-term savings on fuel and maintenance costs. However, …
ED Search Operation on cheating & non-completion of real estate projects Enforcement Directorate Search operation in six locations in Delhi and Gurugram on cheating & non-completion of real estate projects. Search operations conducted by ED. Such a search was conducted with the objective of investigating undervaluation of land through misuse of the IBC process on …
GSTR-9 Annual Return Not Required from FY 2024-25 Onwards- GST Relief for Small Taxpayers The CBIC has issued a big compliance relief for small taxpayers by exempting them from filing the annual GST return (GSTR-9). This exemption applies from the financial year 2024–25 onwards and aims to simplify compliance for businesses with relatively modest turnovers. The CBIC, …
UAE Corporate Tax Reform 2025: What Every Business Must Understand If you still think Dubai is “0% tax forever” 2025 will surprise you. The UAE has officially moved into a new compliance era, and many founders are still unprepared. Here’s the crystal-clear breakdown every CA, CFO, consultant, and global entrepreneur must understand: CORPORATE TAX (CT) …
Key Provisions under the SARFAESI Act, 2002 Introduction SARFAESI gives banks/ARCs the power to enforce security interest and recover dues without court intervention, with appeals going to DRT/DRAT and oversight by RBI. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) is a landmark statute designed to strengthen …
Udyam Registration: A Complete Guide for MSMEs Launched on July 1, 2020, by the Ministry of MSME, Udyam Registration replaced the old Udyog Aadhaar system. The new process is more transparent, fully digital, and integrates Aadhaar and PAN for authenticity. Each registered business receives a unique Udyam Registration Number (URN). Udyam Registration is a critical …
Supreme Court Protects Practicing Chartered Accountant: Issuing Form 15CB Not Abetment of Money Laundering The petitioner, K. Murali Krishna Chakrala, a practicing Chartered Accountant, was prosecuted by the Enforcement Directorate (ED) under the Prevention of Money-Laundering Act (PMLA), 2002, for issuing five Form 15CB certificates to M/s B.K. Electro Tool Products, alleged to have made …
IBBI Directs Insolvency Professionals to Seek Restitution of ED-Attached Assets under PMLA Insolvency and Bankruptcy Board of India Issued Direction on 4th November 2025 Applies to all Insolvency Professionals, IP Entities, & IP Agencies. Deals with cases where corporate debtor’s assets are attached by the Enforcement Directorate (ED) under Prevention of Money Laundering Act, 2002 …
CBDT Notifies New Rules for Simplified ITR Rectification & Refunds The Central Board of Direct Taxes has issued new rules aimed at improving efficiency in correcting income tax return errors and expediting refunds. The CBDT has rolled out a new framework to streamline the rectification of income tax return (ITR) errors and expedite refund processing …