CGST Delhi South busts Rs 60.59 crore fake ITC fraud using bogus invoices worth Rs 397.23 crore; key accused arrested under CGST Act for tax evasion.
OverviewThe Income-tax framework continues to evolve with structured compliance mechanisms, and Form 185 has emerged as a key documentation requirement for Recognised Provident Funds (RPFs). Introduced under the Income-tax Rules, 2025, this form stan
Form 122 under the Income-tax Act 2025 replaces Forms 12B & 12BAA, enabling salaried employees to report multiple incomes, claim TDS credits, and reduce excess tax deductions. Learn key details, benefits, FAQs and filing process.
RBI finalizes reporting norms for Authorised Dealer Category-I banks, mandating disclosure of global INR forex derivative transactions to CCIL to boost transparency.
Understand Form 65 under the Income Tax Act 2025. Learn eligibility, 10% concessional tax on patent royalty, filing process, documents required and 5-year lock-in rules.
UIDAI clarifies that Aadhaar is not a valid proof of date of birth. Learn what the latest circular means for identity verification, KYC and official documentation in India.
The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank effective April 24, 2026, citing serious governance lapses and regulatory non-compliance under the Banking Regulation Act, 1949.
The Income Tax Department releases FAQs on Form 25, detailing compliance rules for medical professionals, record-keeping requirements and key provisions under Rule 46 of Income-tax Rules, 2026.
Union Finance Minister Nirmala Sitharaman warns of emerging AI risks like 'Mythos' and directs banks to collaborate under SBI's leadership to strengthen cybersecurity and resilience.
Finance Minister Nirmala Sitharaman stresses the need for a "human interface" in banking services, balancing digitisation with customer support, MSME funding and cybersecurity preparedness.
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