Today's Tax & Law Updates

Real developments. No filler. Every update researched, verified and written in plain English — so you understand not just what happened, but what it means for your business.

Recent Updates

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GST
GST UPDATES
GST Rule 86B: The 1% Cash Rule That Trips Up High-Turnover Businesses
High turnover? You may be forced to pay 1% of your GST liability in hard cash — even if your ITC ledger is overflowing.
May 20265 min read
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Income Tax
INCOME TAX
GSTR-2B Reconciliation: The Step 80% of Businesses Skip
Your supplier's unfiled return is your ITC problem. Here's why that's unfair — and how to protect yourself every month.
May 20266 min read
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Income Tax
INCOME TAX
Section 68: Why Your Cash Credits Could Be Taxed at 78%
The most feared section in the Income Tax Act — and the most avoidable, if you know the three-part test.
May 20267 min read
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FEMA
FEMA & RBI
FEMA Overseas Direct Investment 2022: The New Framework
India's ODI rules were completely rewritten in August 2022. If you have a foreign subsidiary — you need to know this.
Apr 20268 min read
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Income Tax
INCOME TAX
Section 43B(h): Delay Your MSME Payment — Lose the Tax Deduction
Paying MSME vendors late doesn't just damage relationships. It increases your taxable income by the exact invoice amount.
Apr 20265 min read
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Companies Act
COMPANIES ACT
Section 185: The Director Loan Prohibition Every Private Company Gets Wrong
Walk into the books of almost any private company and you'll find it. A director advance. Most are illegal.
Apr 20266 min read
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