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RETROSPECTIVE AMENDMENT
HC strikes down retrospective tax law amendment; over 2 lakh taxpayers get relief, all eyes on Supreme CourtThe high court's recent ruling has dealt a significant blow to a controversial retrospective tax law, impacting around two lakh taxpayers. ...- Drug cos refuse to take sole responsibility for overpricingIndian drugmakers oppose a proposal making them solely liable for medicine overpricing. This regulatory move exempts retail chemists, hospi...
- Finance Act 2026: Updated return rules change for taxpayers reporting reduced lossesThe Finance Act, 2026, has plugged a significant gap. Earlier, an updated return could not be filed if unaccounted income merely reduced a ...
- New mines law seeks to bring tax uniformityA new Mines and Minerals Act, 2026, aims to standardize mining taxation across India. This legislation seeks to bring uniformity and predic...
- Lok Sabha passes bill to amend mines and minerals law without debateThe Lok Sabha passed a bill to amend mining regulations. This legislation prevents states from imposing additional taxes on mineral rights....
- Govt signals openness to sending FCRA Amendment Bill to JPC for scrutinyThe Union government may send the Foreign Contribution (Regulation) Amendment Bill to a joint parliamentary committee. Opposition parties h...
- Govt introduces bill in LS to restrict state taxes on mineral rightsThe Centre has launched a new bill to limit state taxation on mineral rights, aiming to centralize authority over selected mineral-rich are...
- Mauritius approves India tax pact, says genuine investors have little to fearMauritius Cabinet approved the India-Mauritius DTAA Protocol ratification on July 17, 2026. This decision followed extensive stakeholder di...
- No retrospective effect for FCRA Bill: Mizoram CM after meeting Amit ShahChristian organisations and some state governments have voiced concerns regarding the proposed Foreign Contribution Regulation Amendment Bi...
- Government preparing FCRA groundwork: Amit Shah assures Foreign Contribution Bill will not apply retrospectivelyUnion Home Minister Amit Shah assured leaders the Foreign Contribution Bill will not be retrospective. Discussions were held with Mizoram C...
- "FCRA Bill in Parliament likely on August 12, "not going to be retrospective," says Mizoram CM Lalduhoma after meeting Amit ShahMizoram Chief Minister Lalduhoma met Union Home Minister Amit Shah regarding the Foreign Contribution Regulation Amendment Bill. Christian ...
- Rajya Sabha passes Appropriation No.3 Bill authorising Rs 54,067 crore excess spending for FY23The Rajya Sabha approved the Appropriation Bill for excess spending. This bill covers expenditures from the financial year ending March 31,...
- Higher EPS pension: Will existing pensioners get a higher pension due to the increase in the minimum EPF wage ceiling from ₹15k to ₹25k?A potential EPF wage ceiling increase to ₹25,000 is generating significant employee interest. Read on to know if existing pensioners will r...
- SC issues notice to Centre on plea challenging validity of CAPF ActThe Supreme Court issued notice to the Centre regarding a plea challenging the CAPF Act. This new law allegedly violates the separation of ...
- Rs 22.94 lakh LTCG for land sale of Rs 92 lakh invited tax notice; Gujarat HC ruled in her favour after 9 years fight; Know whyLady got tax notice after selling land for Rs 92 lakh and reporting Rs 22.94 lakh LTCG in ITR; Know how Section 55A(a) helped her win case ...
- Property seller's family challenged 15-bigha land sale, authorities ordered cancellation of sale deed; Supreme Court restores buyer's right, says registered sale deed can't be discarded for these reasonsInconsistency in witness testimony led to a 1957 executed registered sale deed being ordered for cancellation and a long battle for buyer t...
- Lady with Rs 5.28 lakh income pays no tax despite Rs 1.42 lakh STCG from equities; Know why ITAT Mumbai allowed the Section 87A rebateEver since the Income Tax utility has disabled the option to claim Section 87A tax rebate on short term capital gains (STCG) from listed eq...
- Adani seeks clearance to own airlineAdani Group seeks to dilute a clause preventing airport operators from holding airline stakes. This change would enable the conglomerate to...
- EPFO Amnesty 2026 Scheme for PF trusts: Eligibility, benefits, application process and key rulesThe Employees' Provident Fund Organisation introduced a six-month Amnesty Scheme in 2026. This initiative allows employers to regularize th...
- FCRA amendments meant for transparency, security: BJP leader Rajeev ChandrasekharRajeev Chandrasekhar stated FCRA amendments ensure transparency and national security. He thanked Amit Shah for addressing Catholic Bishops...
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