Blog - Advisors India

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CA files wrong ITR, man gets Rs 85,000 demand notice instead of refund. Here’s what happened

A taxpayer faced issues due to an incorrectly filed Income Tax Return by their Chartered Accountant. Despite refiling with a new CA and informing the Income Tax Department, they received a tax demand of ₹85,000. Experts advise rectification, appeal, and…

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EY India launches AI-powered regulatory tool to automate 80% of financial reporting

EY India has introduced the Automated Regulatory Tool (ART), a cloud-based platform designed to streamline regulatory reporting for banks and financial institutions. Built on Snowflake, ART automates data ingestion, validation, and submission, potentially handling up to 80% of the reporting…

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Reliance Consumer Products signs Rs 40,000 cr MoU with Centre for food mfg facilities pan India

Reliance Consumer Products Limited has signed a significant agreement. The company will invest Rs 40,000 crore. This investment aims to establish integrated food manufacturing facilities across India. The MoU was signed at the World Food India 2025 event. RCPL will…

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CBDT extends tax audit report deadline to October 31 for AY 2025–26

CBDT on Thursday extended the deadline for filing audit reports under the Income-tax Act, 1961, by a month to October 31, 2025, citing disruptions from floods and natural calamities, following multiple representations from professional and industry bodies.

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Investor funds diverted, accounts faked: SEBI imposes 5-year ban on Seacoast Shipping

The Securities and Exchange Board of India (SEBI) has barred Seacoast Shipping Services Limited (SSSL) and its key officials from raising funds from investors for five years, after finding the company guilty of diverting rights issue proceeds, fabricating accounts, and…

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IPO rush in India’s pharma sector: Sector eyes Rs 12,000 crore fundraising; 15 companies ready to enter market

India’s pharmaceutical and healthcare industry anticipates a significant fundraising surge, projecting Rs 12,000-13,000 crore through IPOs in the coming months. Approximately 15 firms, including Indira IVF and Sahajanand Medical Technologies, are preparing to enter the primary market. Investor interest is…

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Moved abroad, selling mutual funds to buy a house in India? Know the tax rules
A non-resident Indian can claim Section 54F relief on long-term capital gains from selling mutual funds by investing the net sale proceeds in a residential house in India, subject to conditions.
Small-cap funds were the worst-performing equity category in October. Which funds held up and which lagged behind?
Small-cap mutual funds were October's worst-performing equity category, falling 5.83%. Invesco Small Cap Fund limited losses to 2.98%, while Tata Small Cap Fund plunged 11.16%. Here are the best and worst-performing schemes and how other equity categories fared.
Bank interest not reported in ITR? ITAT ruling explains when taxpayers can escape income tax penalties
ITAT Delhi deleted a ₹3.08 lakh penalty on a salaried taxpayer who omitted ₹4.49 lakh in bank interest from his ITR. The tribunal cited a bona fide omission and an improperly worded penalty notice under Section 270A.
Technology funds delivered 6.3% returns in October, while no other category crossed 1%: Here’re the top performing funds
Technology mutual funds delivered an average 6.29% return in October 2026, while no other equity mutual fund category crossed 1%. HDFC Technology Fund led the 13 schemes with an 11.54% gain. Here are the top performers and their AUM.
Buying a car on Dhanteras, Diwali 2026? You could get at least ₹10,000 as tax refund next year — here's how
Buyers of motor vehicles priced above ₹10 lakh pay 1% TCS, which can be claimed as a tax credit when filing an income tax return. Here's the entire process, other details.
Going abroad for a holiday? How to split your travel budget between cash, forex cards and credit cards to save money
Going abroad for a holiday? How you split your travel budget between cash, forex cards and credit cards can affect your overall expenses. Know the ideal allocation, compare forex charges and avoid costly ATM withdrawals and currency conversion fees.
Mandaviya rolls out EPFO services through WhatsApp: Check PF balance, passbook and latest transactions on your phone
Union Labour Minister Mansukh Mandaviya has launched WhatsApp services for EPFO members, allowing them to check their PF balance, access passbook details and view their latest five transactions. The facility will also offer assistance under the PMVBRY scheme.
E100-compatible cars in India: Will motor insurance premiums rise, and what happens to coverage and claim settlements?
E100-compatible cars may not attract higher motor insurance premiums, but buyers should check policy exclusions, engine protection add-ons and fuel-related damage coverage. Here is what insurers say about premiums, coverage and claim settlements.
GST refund new rules from November 1: here's what changes for businesses
The 57th GST Council approved phased process reforms starting November 1, 2026. Here's what changes for businesses in terms of receiving GST refunds. 
GST registration new rules from Nov 1: How small online sellers can expand across states — everything you need to know
The new Rule 14B allows eligible sellers using e-commerce platforms to obtain GST registration in states where they have no physical presence by declaring an e-commerce operator's warehouse as their principal place of business.