Lawnut Consulting (P) Ltd

Smart, Secure & Scalable Financial Outsourcing

Experts in Accounting, Taxation, Payroll & Virtual CFO Services

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Recent Updates

TRACES – TDS Upgraded Version by ITD Income Tax Department has clarified that existing appeal forms (Form 35 and Form 36) will continue to apply for appeals relating to Assessment Year (AY) 2026-27 or earlier, even if filed after April 1, 2026. The transition is based on the Relevant Assessment Year (AY), not the date of filing ₹669 Crore Gift to Family Trust Taxed Because of One Sentence in the Trust Deed Jammu and Kashmir High Court ruled that pension is protected from attachment only until they are paid out; once the funds hit a pensioner's bank account, they can be recovered for guarantor liabilities. This judgement came about in a case involving a retired forest department officer who acted as a guarantor for Rs 15 lakh home loan taken by two borrowers. When the borrowers defaulted on the home loan repayment, the bank deducted Rs 4.64 lakh from his pension account. He had retired in 2018 and got Rs 35,350 monthly pension in the Rajouri, J&K branch of the bank. On October 9, 2019, two persons Smt Kumari and Mr Kumar had taken a home loan from this bank for Rs 15 lakh and he stood as guarantor for this loan. The loan was secured via a registered mortgage of leasehold rights of the land and the house constructed on this land.Non-Banking Financial Companies (NBFCs) granting fresh loans to borrowers who have already defaulted on earlier loans – RBI Concern SEBI is set to change how mutual funds value gold and silver. Starting April 1, 2026, mutual funds, including gold and silver exchange traded funds (ETFs) will rely on polled spot prices published by recognised Indian stock exchanges. This marks a shift from the current practice where these mutual funds base their valuations on the London Bullion Market Association (LBMA) morning price.Launch of Authorised Economic Operator (AEO) Programme : CBIC Delhi High Court has ruled that individuals forced to stay in India can't be automatically treated as residents under the Black Money Act. This landmark decision came in the case of Rajiv Saxena, who was extradited to India in connection with the AgustaWestland scam and was asked to disclose his foreign assets after staying over 181 days.Apply LUT for FY 2026-27 before Export Sales Madras High Court ruled that teaching or promoting the Bhagavad Gita, Vedanta, and Yoga does not constitute "religious activity" under Indian law Jammu and Kashmir High Court ruled that pension is protected from attachment only until they are paid out; once the funds hit a pensioner's bank account, they can be recovered for guarantor liabilities. This judgement came about in a case involving a retired forest department officer who acted as a guarantor for Rs 15 lakh home loan taken by two borrowers. When the borrowers defaulted on the home loan repayment, the bank deducted Rs 4.64 lakh from his pension account. He had retired in 2018 and got Rs 35,350 monthly pension in the Rajouri, J&K branch of the bank. On October 9, 2019, two persons Smt Kumari and Mr Kumar had taken a home loan from this bank for Rs 15 lakh and he stood as guarantor for this loan. The loan was secured via a registered mortgage of leasehold rights of the land and the house constructed on this land.

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At LAWNUT Consulting (P) Ltd, we are more than just accountants—we are your strategic partners in financial clarity and business growth. Established with a mission to bring transparency, technical expertise, and cost efficiency into the world of finance and compliance, we offer comprehensive solutions in Accounting, Taxation, Payroll, CFO Services, and Outsourcing.

Our strength lies in the depth of our domain knowledge and the diversity of our experience. Over the years, we have supported a wide spectrum of clients—ranging from government entities and listed companies to startups, SMEs, and not-for-profit organizations. From audit support for PSU and corporate clients to custom CFO solutions for tech startups and manufacturing companies, we tailor our services to meet the specific goals and challenges of each client.

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Lawnut Consulting (P) LtdLaxmi Nagar, Delhi

Blogs & Updates

Recent Updates

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BlogApril 15, 2026

TRACES – TDS Upgraded Version by ITD

The Income-Tax Department has introduced an upgraded version of its TRACES (TDS Reconciliation Analysis and Correction Enabling System) portal, aiming to streamline tax compliance through a unified digital platform. The rollout coincides with the…

BlogApril 9, 2026