Tax & Corporate Updates.
Firm news, webinars and events, and the legal, IP, tax and corporate updates our clients need to know about.
Tax & Corporate UpdatesUnion Budget 2025–26: A Glimpse at Tax Reforms and Key Initiatives in the MSME Sector
Direct Tax Proposals A Look at Personal Income Tax Reforms No Tax Up to ₹ 12,00,000 (₹12,75,000 in case of salaried tax payers and pensioners...
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Tax & Corporate UpdatesEstablishment of E-Adjudication Platform: MCA Notification - 05.08.2024
The Ministry of Corporate Affairs (MCA) has issued a crucial amendment to the Companies (Adjudication of Penalties) Rules, 2014, under G.S.R. 476(E)...
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Tax & Corporate Updates53rd GST Council: Key Decisions and Policy Changes
Finance Minister Nirmala Sitharaman announced several significant measures during the 53rd GST Council meeting held on Saturday, June 22, 2024. The...
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Tax & Corporate UpdatesNew Clause (h) of Section 43B of Income Tax Act: Implications for Businesses and Micro, Small and Medium Enterprises (MSMEs)
A new clause (h) has been inserted in Section 43B of the Income Tax Act, 1961, with effect from April 1, 2024. This amendment aims to ensure timely...
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Tax & Corporate UpdatesNew TCS Rules for International Transactions in India
Starting October 1, 2023, individuals in India will be required to pay a higher tax collection at source (TCS) on international remittances exceeding...
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Tax & Corporate UpdatesGems V. James Bond
There had a dispute related to the famous chocolate product Cadbury Gems and now putting an end to a long pending trademark infringement. Delhi High...
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Tax & Corporate UpdatesNo Tax and TDS on certain NFT and Virtual Digital Assets
(CBDT via notifications S.O. 2959 (E) and S.O. 2958(E) provides exceptions to the 30% Tax And 1% TDS on VDA) The Central Board of Direct Taxes (CBDT)...
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Tax & Corporate UpdatesHotels and restaurants can't levy service charge by default, says CCPA
The Central Consumer Protection Authority (CCPA) issued guidelines regarding the service charges in bills put by hotels and restaurants. With the...
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Tax & Corporate Updatesവിദേശ പൗരത്വമുള്ള ഇന്ത്യക്കാർക്ക് പുതിയ നിയമ ഭേദഗതി വരുത്തി സുപ്രീം കോടതി
ന്യൂഡൽഹി :വിദേശികൾക്ക് റിസർവ് ബാങ്കിന്റെ...
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