The drafting error in the Finance Act, 2025, that restricted the standard deduction in the new regime to Rs. 50k instead of Rs. 75k was rectified through a new bill.
On August 8, 2025, the headlines “Income Tax Bill 2025 withdrawn” took the taxation community by storm as the government’s decision of withdrawing the Income Tax Bill, 2025, from the
India’s Income Tax Bill 2025 Withdrawn: What’s the way ahead? Read More »
The rights issue process just underwent a major change due to SEBI’s recent circular making the process fast track and simplified.
Compliance Calendar August 2025 compiles the compliances for the month of August 2025 as per Income Tax, GST , PF and ESI. Compliances as per Income Tax Act Due Date
Compliance Calendar August 2025 Read More »
Introduction As the tax filing season is emerging. We Individuals may have incomes from country outside India also. It is important to know about Double Taxation Avoidance Agreement (DTAA) as
Double Taxation Avoidance Agreement Read More »
CBDT Circular 9/2025 provides significant relief to TDS/TCS defaults caused due to Inoperative PANs
Case Details Introduction The landmark case of Shanthi Prasad Jain v Kalinga Tubes Ltd (1965) stands as a foundational decision in Indian Corporate Law. Decided by the Supreme Court, it delved into
Shanthi Prasad Jain v Kalinga Tubes Ltd : Case Review Read More »
Introduction As globalization grows, many Indian companies engage in cross-border investments—either by receiving funds from foreign investors (FDI) or investing in overseas ventures (ODI). To monitor these transactions, the Reserve
The Union Budget 2025 introduced key amendments to the Income Tax Act, 1961, aimed at simplifying the Indian tax structure and boosting disposable income. These changes will come into effect
Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are vital components of the Indian tax framework, designed to enable advance tax collection and improve compliance. Every year,
TDS and TCS Rates Chart for A.Y 2026-27 (F.Y 2025 – 26) Read More »
