News

Curated tax, accounting, and business-finance updates, reviewed and summarized by our team.

test 3July 13, 2026
TaxRegulation & ComplianceAudit & Assurance

Supreme Court addresses WorldLink royalty and RTDF dues dispute

The case concerned whether WorldLink Communications was required to pay royalty and Rural Telecommunications Development Fund contributions on several service-related income streams. The record states that the disputed support, maintenance, monitoring, installation and relocation charges were treated as part of telecom service revenue for royalty and RTDF purposes.

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test4July 6, 2026
Financial Reporting & Accounting StandardsAudit & AssuranceTaxInsuranceRegulation & Compliance

ICAN announces online CPE training for 7–12 July 2026

The Institute will hold a virtual Continuing Professional Education training programme from 23–28 Asadh 2083 (7–12 July 2026). Participants will receive 30 CPE credit hours.

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test 3July 6, 2026
PayrollRegulation & Compliance

Supreme Court considers writ on civil service pay-scale alignment

A Supreme Court joint bench has issued an order in a writ petition challenging alleged disparities in starting salary scales for gazetted civil servants. The petitioners seek adjustment of pay in line with official hierarchy and earlier parliamentary committee directions.

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test 3July 6, 2026
TaxRegulation & Compliance

Supreme Court reviews tax withholding on retirement fund payment

The Supreme Court considered a writ petition challenging tax deducted from a retirement benefit paid through the Citizen Investment Fund. The dispute centres on whether the applicable withholding rate was 5% or 15% under the Income Tax Act, 2058.

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