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New Income Tax Bill          Union Budget + Finance Bill, 2025

Highlights Highlights, Income Tax, GST, Import Eport and Corporate Laws

New Portal Launched for Container Scanning Status Verification - Mandatory for All Containerized Cargo from February 2025
March 4, 2025   Circulars     Customs

Companies Must Follow New Standardized KPI Disclosure Guidelines When Filing Draft Offers Under SEBI Act Section 11
March 4, 2025   Circulars     SEBI

DGFT Sets New Input-Output Norms for Metronidazole Gel Production Under SION A-3684 with Specified Import Ratios
March 4, 2025   Circulars     DGFT

Competition Commission's New Rules Set Payment Terms and Recovery Methods for Monetary Penalties Under Competition Act
March 4, 2025   Notifications     Law of Competition

Statutory Body's GST Assessment Upheld: Previous Tax Exemptions Don't Create Estoppel Against Current GST Provisions Under Section 107
March 4, 2025   Case Laws     GST

Pure Agent Status Confirmed: No GST on Electricity Cost Recovery When Landlords Pass Through Actual Charges Under Rule 33(a)
March 4, 2025   Case Laws     GST

Supply of Veterinary Unit Staff on Contract Basis Not Exempt from GST as Healthcare Service Under 12/2017-CT
March 4, 2025   Case Laws     GST

Investment Allowance Assessment Reopening Quashed: Tribunal Erred on Depreciation Disclosure Requirements for Trial Production Machinery
March 4, 2025   Case Laws     Income Tax

Income Tax Assessment Order Invalid: Fundamental Flaws in Faceless Assessment and Section 144C Compliance Render Order Void
March 4, 2025   Case Laws     Income Tax

Tax Demands Based on Quashed FIR Invalidated Due to Lack of Independent Investigation and Concrete Evidence
March 4, 2025   Case Laws     Income Tax

Works Contract Services for Railway Infrastructure Development Qualifies for 12% GST Rate Under Concessional Notification
March 4, 2025   Case Laws     GST

Interest Under Section 234A Recalculated for 80-Month Delay in Filing Returns After Missing September 2011 Deadline
March 4, 2025   Case Laws     Income Tax

Registration Cancellation Invalid: GST Officials Failed to Verify Business Closure Before Canceling Active Taxpayer's Registration Under Section 29
March 4, 2025   Case Laws     GST

Tax Addition Under Section 153A Quashed: Pre-Search Statements Without Supporting Evidence Cannot Establish Bogus Purchases
March 4, 2025   Case Laws     Income Tax

Mining Department Must Collect Tax at Source on Compounding Fees from Unauthorized Mineral Operators Under Section 206C
March 4, 2025   Case Laws     Income Tax

SFIO Investigation Reports Admissible as Evidence Under Section 212(14A), Not Limited by Section 212(15) Legal Fiction
March 4, 2025   Case Laws     Companies Law

Supreme Court: Once Delay in Filing Rejoinder is Condoned Under IBC, Document Must Be Considered Fully for Section 7 Application
March 4, 2025   Case Laws     IBC

IFMS Security Deposits for Common Area Maintenance Not Considered Financial Debt Under IBC Section 5(8)
March 4, 2025   Case Laws     IBC

Section 9 IBC Application Dismissed as Operational Debt Disputed Over Freight and Demurrage Charges Between Parties
March 4, 2025   Case Laws     IBC

Service Tax Exemption for Waste Management Services Under Review Following Show Cause Notices Under Finance Act 1994
March 4, 2025   Case Laws     Service Tax

Capital Gains Calculation for Inherited Property Must Consider Original Owner's Acquisition Date, Not Gift Transfer Date
March 4, 2025   Case Laws     Income Tax

Penalty Waived: Multiple Cash Receipts From Farmers Treated As Separate Transactions Under Section 269ST
March 4, 2025   Case Laws     Income Tax

Educational Institution's Conversion to Section 8 Company Upheld for Tax Exemption Under Section 10(23C)(vi)
March 4, 2025   Case Laws     Income Tax

Company's Post-CIRP Customs Duty Drawback Claims Extinguished Under IBC Section 31A Due to Non-Inclusion in Resolution Plan
March 4, 2025   Case Laws     Customs

Gold Seizure Case Dismissed Under Section 128A(4A): Two-Year Delay and Lack of Evidence Invalidates Customs Penalties
March 4, 2025   Case Laws     Customs

More Highlights

Articles Articles, Tax Laws, GST

Short Notes Short Notes

Rental Income from House Property: Owner Definition Under Income Tax Bill 2025 and Income Tax Act 1961
Property Co-ownership Provisions for Rental Income: Section 26 of Income Tax Act, 1961 and Clause 24 of Income Tax Bill, 2025
House Property Income Deductions: Comparing Clause 22 of Income Tax Bill, 2025 with Sections 24 and 25 of Income Tax Act, 1961.
Changes in Taxation of Arrears of Rent and Unrealised Rent: Clause 23 of Income Tax Bill, 2025, with Section 25A of Income-tax Act, 1961
Evolution of Annual Value Determination of Property Income: Section 23 of Income Tax Act, 1961 and Clause 21 of Income Tax Bill, 2025
Income from House Property: Section 22 of Income Tax Act, 1961 Versus Clause 20 of Income Tax Bill, 2025
A Comparative Analysis of "Profits in Lieu of Salary" Under the New Tax Regime: Clause 18 of Income Tax Bill, 2025 vis-a-vis Section 17(3) of Income-tax Act, 1961.
A Comparative Analysis of Perquisite Provisions: Income Tax Bill, 2025 vs Income Tax Act, 1961
A Comparative Analysis of Salary Definition: Income Tax Bill, 2025 vs. Income-tax Act, 1961
Analysis of Changes in Deductions from Salaries: Comparing Clause 19 of Income Tax Bill, 2025 with existing sections 16 and 10 of the Income Tax Act, 1961.
Judicial Recall and Tax Implications in Trust Settlements: Using AI-generated citations without proper verification
Analysis of Salary Taxation: Section 15 of Income Tax Act 1961 vs Clause 15 of Income Tax Bill 2025
Provisions Relating to Expenditure Disallowance for Non-Taxable Income: comparing Clause 14 of Income Tax Bill, 2025, with Section 14A of Income-tax Act, 1961
A Comprehensive Analysis of Tax Provisions for Political Parties and Electoral Trusts: From Income Tax Act, 1961 to Income Tax Bill, 2025
Capital assets or stock in trade: Analysis of Section 9B of Income-tax Act, 1961 and Clause 8 of Income Tax Bill, 2025
Analysis of Deemed Accrual of Income in India: A Comprehensive Review of Clause 9 of Income Tax Bill, 2025
Income Deemed to Accrue or Arise in India: A Comparative Analysis of Current and Proposed Provisions
Evolution of Deemed Income Provisions: A Comparative Analysis of Income Tax Bill 2025 and Income-tax Act 1961
A Comparative Analysis of Residential Status Provisions: Income Tax Bill 2025 vs Income-tax Act 1961
Apportionment of Income Between Spouses Under Portuguese Civil Code: A Comparative Analysis of Income Tax Provisions
A Comparative Analysis of Scope of Total Income: Section 5 of Income-tax Act, 1961 and Clause 5 of Income Tax Bill, 2025
Regulatory Framework for Commercial Activities by Non-Profit Organizations: A Comparative Analysis of Income Tax Bill, 2025 and Income-tax Act, 1961
Corporate Mergers and Tax Assessment: Navigating Legal Entity Changes and rectification u/s 292B
Reconciling Procedural Timelines with Limitation Periods in Income Tax Reassessments
Effective Date of Amendment in GST: Analyzing the Conflict Between Circular No. 247/04/2025 and Notification No. 03/2023

More Notes

Notifications Notifications

SEBI

- Notification under clause (u) of sub-section (1) of Section 2 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
February 28, 2025

FEMA

- Corrigendum - Notification No. FEMA 10 (R)/(4)/2024-RB dated 19th November 2024
February 28, 2025

Cus (NT)

- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
February 28, 2025

ADD

- Corrigendum - Notification No. 26/2024-CUSTOMS (ADD), dated the 4th December, 2024
February 27, 2025

Cus

- Corrigendum - Notification No. 04/2025-Customs, dated the 1st February, 2025
February 27, 2025

Competition Law

- Competition Commission of India (Manner of Recovery of Monetary Penalty) Regulations, 2025
February 25, 2025

CVD

- Seeks to impose countervailing duty on imports of 'Saccharin in all its forms' originating in or exported from People’s Republic of China in pursuance of countervailing duty/anti-subsidy investigation issued by DGTR.
February 25, 2025

IT

- Income-tax (Fifth Amendment) Rules, 2025 - Statement of income distributed by a business trust and Investment fund - Statement of income paid or credited by investment fund, securitisation trust
February 24, 2025

Cus

- Seeks to amend Notification No. 50/2017-Customs, dated the 30th June, 2017 - Effective rates of customs duty and IGST for goods imported into India - Exclusion of condition no. 84 for All goods (excluding vessels and other floating structures as are imported for breaking up)
February 20, 2025

Cus (NT)

- Customs (On - Arrival Movement for Storage and Clearance at Authorised Importer Premises) Regulations, 2025
February 17, 2025

SEBI

- Research Analyst Examination : Notification under regulation 3 of the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007
February 14, 2025

SEBI

- Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2025
February 14, 2025

Cus (NT)

- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
February 14, 2025

SEBI

- Securities and Exchange Board of India (Procedure for making, amending and reviewing of Regulations) Regulations, 2025
February 13, 2025

Cus

- Seeks to amend Notification 11/2021-Customs dated 01.02.2021 to amend AIDC rate (Agriculture Infrastructure and Development Cess) on Bourbon whiskey
February 13, 2025

More Notifications

Circulars/ Public Notices Circulars/ Public Notices

SEBI

- Relaxation in timeline for reporting of differential rights issued by AIFs
March 3, 2025

DGFT

- Fixation of one new Standard Input Output Norms (SIONs) at SION A-3684 under 'Chemical and Allied Product' (Product Code 'A').
March 3, 2025

DGFT

- Difficulty in closure of Advance Authorisation due to space constraints in the description column of the shipping bills
February 28, 2025

SEBI

- Amendments and clarifications to Circular dated January 10, 2025 on Revise and Revamp Nomination Facilities in the Indian Securities Market
February 28, 2025

SEBI

- Industry Standards on Key Performance Indicators (“KPIs”) Disclosures in the draft Offer Document and Offer Document
February 28, 2025

Customs

- Admissibility of AIR of duty drawback on export goods manufactured from inputs, some of which are non-duty paid
February 28, 2025

SEBI

- Regulatory framework for Specialized Investment Funds (‘SIF’)
February 27, 2025

SEBI

- Timelines for deployment of funds collected by Asset Management Companies (AMCs) in New Fund Offer (NFO) as per asset allocation of the scheme
February 27, 2025

SEBI

- Opening of Demat Account in the name of Association of Persons
February 25, 2025

SEBI

- Industry Standards on Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
February 25, 2025

SEBI

- Investor Charter for Stock Brokers
February 21, 2025

SEBI

- Clarification regarding Investor Education and Awareness Initiatives
February 20, 2025

Income Tax

- Income-Tax Deduction From Salaries During the Financial Year 2024-25 Under Section 192 of the Income-Tax Act, 1961
February 20, 2025

Customs

- Single Unified Multi-Purpose Electronic Bond in Customs- Ekal Anubandh - reg.
February 19, 2025

SEZ

- 'Jan-Sunwai' for redressal of grievances of SEZ stakeholders
February 19, 2025

More Circulars

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Jiva Seva is Shiva Seva:
Service to humanity is Service to God

May I be born again and again, and suffer thousands of miseries so that I may worship the only God that exists, the only God I believe in, the sum total of all souls—and above all, my God the wicked, my God the miserable, my God the poor of all races, of all species, is the special object of my worship.

- Swami Vivekananda, CW, 5:137

 

 

 

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