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Archive: February, 2025

Posts in February, 2025

ITAT Orders Recalculation of Limitation Excluding COVID-19 Period

February 1, 2025 246 Views 0 comment Print

ITAT Lucknow directs CIT(A) to reconsider limitation issue in Bharat Shetty’s case, factoring in COVID-19 period for a fresh decision on appeal admissibility.

Applicability of Section 13(1)(b): ITAT Remands Trust Registration Case to AO for Re-examination  

February 1, 2025 246 Views 0 comment Print

ITAT Ahmedabad sets aside CIT(E)’s order, directing reassessment of trust’s 12A registration in light of Supreme Court and High Court judgments.

LLP vs Pvt Ltd: Key Differences in Taxation and Compliance

February 1, 2025 1155 Views 0 comment Print

Compare LLP and Pvt Ltd in terms of taxation, compliance, auditing, and ownership. Understand key differences to choose the right business structure.

Income Tax Implication on LTCG (Immovable Property) & Section 112

February 1, 2025 2685 Views 0 comment Print

Understand the tax implications on LTCG of immovable property under Section 112, including holding periods, tax rates, and examples for FY 2024-2025.

Union Budget 2025: Key Industry and Common Man Expectations

February 1, 2025 2229 Views 0 comment Print

Union Budget 2025 expectations include tax relief, GST reforms, R&D support, and measures for MSMEs. Common demands focus on easing compliance and boosting competitiveness.

PM’s Remarks on Budget Session and Vision for Developed India

February 1, 2025 126 Views 0 comment Print

Read Prime Minister’s remarks at the beginning of the Budget Session, emphasizing development, gender equality, and youth empowerment towards a prosperous India by 2047.

Framework for Technology-Based Monitoring of System Audits of Stock Brokers

February 1, 2025 240 Views 0 comment Print

SEBI introduces a framework for monitoring stock brokers’ system audits through technology-based measures, focusing on standardization and compliance mechanisms.

FSSAI Amendments to Food Analyst & Laboratory List (2025)

February 1, 2025 195 Views 0 comment Print

FSSAI updates its list of approved food analysts and laboratories. New entries added and some removed in the 2025 amendment.

FSSAI Updates Accreditation for Regional Laboratories

February 1, 2025 84 Views 0 comment Print

FSSAI amends accreditation details for laboratories in Haryana, Rajasthan, Maharashtra, and Bihar. Notification includes new additions and deletions in scope.

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