31 Jul, 2025
SEBI Rule on ₹10 Lakh Minimum in Investment Funds SEBI has introduced a key compliance rule mandating daily monitoring and auto-redemption when the ₹10 lakh minimum investment threshold in Specialized Investment Funds is breached. This move aims to protect retail investors and ensure only high-net-worth individuals enter risk-heavy fund categories. What Are Specialized Investment Funds? […]
Read More31 Jul, 2025
8th Pay Commission Delay: Govt Clarification Explained The 8th Pay Commission delay has been clarified by the Ministry of Finance. Contrary to ongoing rumours, no formal proposal is under consideration as of now. Central government employees expecting revised salary slabs will have to wait longer, as confirmed in a recent Rajya Sabha reply. What the […]
Read More31 Jul, 2025
DRC-01D Notice Mandatory Before Interest Recovery Under GST If you’ve received a notice for GST recovery under Section 79, check if Form DRC-01D was issued first. As per latest rules, recovery of interest on delayed GST payment now requires prior notice — giving taxpayers a chance to respond before any coercive action. This change comes […]
Read More31 Jul, 2025
Banking Laws Amendment 2025: What Changes from August 1? The Banking Laws (Amendment) Act, 2025 brings major reforms starting August 1. With a sharp focus on bank governance, depositor protection, audit oversight, and cooperative bank compliance, this amendment updates three major laws — the Banking Regulation Act, Banking Companies (Acquisition and Transfer of Undertakings) Act, […]
Read More31 Jul, 2025
MSME Bad Loans Falling in Public Sector Banks MSME bad loans in India’s public sector banks have seen a consistent decline over the past few years, according to data recently presented by the Finance Ministry in the Rajya Sabha. This is a positive signal for the economy, especially for the small business ecosystem, where credit […]
Read More31 Jul, 2025
ITAT Quashes Section 69A Addition: Relief for Cash Deposits During Demonetisation If you made cash deposits during the demonetisation period and later faced scrutiny under Section 69A of the Income-tax Act, a recent ITAT ruling may offer some relief. In a key judgment, the Tribunal deleted part of the income tax addition, holding that cash […]
Read More31 Jul, 2025
Online Gaming GST: Supreme Court Decision This Week The debate over 28% GST on online gaming may finally see clarity as the Supreme Court is set to hear the matter this week. The ruling will shape the future of India’s gaming industry, impacting both revenue and legality for platforms across the country. Why 28% GST […]
Read More31 Jul, 2025
RBI AIF Investment Rules for Banks and NBFCs: What Changed? The Reserve Bank of India (RBI) has tightened norms on investments in Alternative Investment Funds (AIFs) by regulated entities like banks and NBFCs. The revised AIF investment rules for banks and NBFCs are aimed at curbing evergreening of loans and improving transparency in fund-based exposures. […]
Read More31 Jul, 2025
ITC Reversal for Supplier’s Tax Default: What You Need to Know Input Tax Credit (ITC) is the backbone of GST, but it comes with strict compliance. One of the biggest risks for buyers is ITC reversal for supplier’s tax default — especially if the supplier doesn’t pay tax or fails to file GSTR-1/GSTR-3B properly. In […]
Read More31 Jul, 2025
FDI in Insurance & GST: What Parliament Said The recent discussions in Parliament have reignited debate around FDI in insurance and ongoing GST reform plans, both central to India’s financial system. While the insurance sector eyes deeper capital flow and global expertise, the Finance Ministry has signalled intent to streamline GST further — with major […]
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