Income Tax Phishing Scam Alert: How to Spot Fake Refund Emails & Stay Safe 1. Executive Summary / Key Highlights Official Warning Issued: The Income Tax Department has flagged a phishing scam using the fake email ID donotreply@incometaxindiafilling.gov.in. Scam Modus Operandi: Victims receive emails claiming an error in tax calculation and offering a refund via malicious links. Primary Target: Taxpayers, MSMEs, startups, tax professionals, and regulated entities during ITR filing season. Risks Involved: Financial […]

How to Check ITR Refund Status Online – Step-by-Step Guide 2. Executive Summary / Key Highlights The Income Tax Department now offers simplified online methods to check your ITR refund status. Refund status can be tracked via both the Income Tax e-Filing portal and the NSDL portal. Early tracking helps detect issues in filing, verification, or bank details, avoiding penalties or delays. Required details: User ID, Password, PAN linked to Aadhaar. Refund status may show […]

Revised Income Tax Bill 2025 – Key Changes & Compliance Guide 1. Executive Summary / Key Highlights Revised Income Tax Bill 2025 The Cabinet has approved the Revised Income Tax Bill, 2025, which will replace the Income Tax Act, 1961. The revised bill will be tabled in Parliament on August 11, 2025. This updated bill incorporates most of the 285 recommendations of the Select Committee chaired by BJP MP Baijayant Panda. Focus areas: Simplification, clarity […]

AMFI 12-Month Commission Lock-in – New Rules for MFDs Executive Summary / Key Highlights AMFI 12-Month Commission Lock-in AMFI introduces stricter compliance norms effective 11 August 2025 to curb distributor misuse and strengthen investor protection. 12-month lock-in on trail commissions for newly acquired mutual fund distributor (MFD) clients after a change of distributor (ARN). 11-day explicit approval window for investors before a distributor change request can be processed. SMS alert mechanism introduced to notify investors […]

RBI Co-Lending Guidelines 2025 – Mandatory 10% Loan Retention & Compliance Roadmap for Banks & NBFCs  Executive Summary / Key Highlights RBI Co-Lending New Mandate: Each lender in a co-lending arrangement (CLA) must retain at least 10% of the loan on its books. Broader Applicability: Co-lending now extended to all commercial banks (except SFBs), financial institutions, NBFCs, and Housing Finance Companies (HFCs). Loan Transfer Timeline: Originating lender must transfer the loan share to co-lender within […]