Avinash Kurungot
Avinash Kurungot is a B.B.A. LL.B (Hons.) Graduate from Christ University, Bangalore. Following a stint in Civil Litigation, marking appearances across the High Court of Kerala and various sub-courts, he has channelled his skills towards developing engaging tax, finance and news content.
RBI Promotes Sonali Sen Gupta as Executive Director: Veteran Officer with 30 Years of Experience
The Reserve Bank of India (RBI) has announced the promotion of Sonali Sen Gupta as an Executive Director (ED) on the Board of the central bank of...
![MCA Hiring CA, CS and CMA: 145 Posts Open for Qualified and Semi-Qualified Young Professionals [Read Notice]](https://images.taxscan.in/h-upload/2025/10/11/2095672-hiring.webp "MCA Hiring CA, CS and CMA: 145 Posts Open for Qualified and Semi-Qualified Young Professionals [Read Notice]")
![ITC on VAT cannot be Denied to Registered Purchasers for Seller’s Failure to Deposit Tax with Govt: Supreme Court [Read Judgement]](https://images.taxscan.in/h-upload/2025/10/11/2095681-input-tax-credit.webp "ITC on VAT cannot be Denied to Registered Purchasers for Seller’s Failure to Deposit Tax with Govt: Supreme Court [Read Judgement]")
![President Extends Tenure of 16th Finance Commission by One Month [Read Notification]](https://images.taxscan.in/h-upload/2025/10/11/2095641-finance-commission-taxscan.webp "President Extends Tenure of 16th Finance Commission by One Month [Read Notification]")
![NFRA Invites Retired Principal Secretaries and Senior Officials to Serve as Expert Consultants [Read Circular]](https://images.taxscan.in/h-upload/2025/10/11/2095560-nfra-audit-firms-handling-audits-multiple-listed-companies-taxscan.webp "NFRA Invites Retired Principal Secretaries and Senior Officials to Serve as Expert Consultants [Read Circular]")
RBI Amends FEMA Regulations to allow Exporters to Hold Foreign Currency Accounts in IFSCs [Read Notification]
The Reserve Bank of India has amended the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015, through the Foreign Exchange Management (Foreign...
![RBI Amends FEMA Regulations to allow Exporters to Hold Foreign Currency Accounts in IFSCs [Read Notification]](https://images.taxscan.in/h-upload/2025/10/10/2095454-rbi-fema-regulations-taxscan.webp "RBI Amends FEMA Regulations to allow Exporters to Hold Foreign Currency Accounts in IFSCs [Read Notification]")
RBI FEMA Amendment: Bhutan, Nepal & Sri Lanka Entities can now Borrow from Indian Authorised Dealer Banks [Read Notification]
The Reserve Bank ofIndia (RBI) has promulgated the Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2025 enabling Authorised Dealer (AD) Category-I Banks in India to lend...
![RBI FEMA Amendment: Bhutan, Nepal & Sri Lanka Entities can now Borrow from Indian Authorised Dealer Banks [Read Notification]](https://images.taxscan.in/h-upload/2025/10/10/2095463-flag.webp "RBI FEMA Amendment: Bhutan, Nepal & Sri Lanka Entities can now Borrow from Indian Authorised Dealer Banks [Read Notification]")
CIT(E) Cannot Reject 12AB & 80G Income Tax Exemption Applications without Considering Compliance Documents: ITAT [Read Order]
The Ahmedabad Benchof the Income Tax Appellate Tribunal in a recent case held that the Commissioner of Income Tax (Exemption) had erred in rejecting renewal applications under Section...
![CIT(E) Cannot Reject 12AB & 80G Income Tax Exemption Applications without Considering Compliance Documents: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/2095415-income-tax-exemption-rejection.webp "CIT(E) Cannot Reject 12AB & 80G Income Tax Exemption Applications without Considering Compliance Documents: ITAT [Read Order]")
Income Surrendered during Survey Treated as Business Income, Not Unexplained Investment: ITAT Deletes Higher Tax u/s 115BBE [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) recently deleted higher tax imposed on an assessee, affirming that income voluntarily surrendered during a survey constitutes business...
![Income Surrendered during Survey Treated as Business Income, Not Unexplained Investment: ITAT Deletes Higher Tax u/s 115BBE [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/2095412-itat-business-income-additional-income-taxscan.webp "Income Surrendered during Survey Treated as Business Income, Not Unexplained Investment: ITAT Deletes Higher Tax u/s 115BBE [Read Order]")
CBIC Amends Customs Notification 36/2001: Revises Tariff Values for Edible Oils, Gold, Silver and Areca Nut [Read Notification]
The Central Board ofIndirect Taxes and Customs (CBIC) has issued Notification No. 64/2025-Customs (N.T.) dated October 9, 2025, amending Notification No. 36/2001-Customs (N.T.) that has been the...
![CBIC Amends Customs Notification 36/2001: Revises Tariff Values for Edible Oils, Gold, Silver and Areca Nut [Read Notification]](https://images.taxscan.in/h-upload/2025/10/10/2095441-cbic-customs-notification-36-2001-customs-notification-cbic-amends-customs-notification-taxscan.webp "CBIC Amends Customs Notification 36/2001: Revises Tariff Values for Edible Oils, Gold, Silver and Areca Nut [Read Notification]")