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Archive: 15 July 2025

Posts in 15 July 2025

Tariff Value for Edible Oils, Brass Scrap, Areca Nut, Gold & Silver wef July 16, 2025

July 15, 2025 684 Views 0 comment Print

India’s Ministry of Finance updated customs tariff values for crude palm oil, soybean oil, gold, silver, and other imports, effective July 16, 2025.

Freezing of Small Savings Schemes accounts matured but not closed after 3 years

July 15, 2025 1065 Views 0 comment Print

India Post to freeze matured Small Savings Scheme accounts (MIS, SCSS, TD, KVP, NSC, RD, PPF) not closed within three years of maturity, effective bi-annually.

IBBI Suspends IP for acceptance of new assignment despite disciplinary proceedings

July 15, 2025 651 Views 0 comment Print

IBBI suspends Insolvency Professional Kairav Trivedi for two years over AFA violation, citing acceptance of new assignment despite disciplinary proceedings.

The Ultimate Guide to Payment Gateway Integration for eCommerce

July 15, 2025 924 Views 0 comment Print

#AD When someone shops online, they expect things to work seamlessly, from adding items to the cart to checkout, payment, and completion. But behind that smooth process is something many people don’t think about: how the money moves. If you run an online store, this step, setting up payments; is not just technical; it’s essential. […]

Spouses Can Use Secretly Recorded Calls in Divorce Cases: SC

July 15, 2025 6852 Views 1 comment Print

Supreme Court rules secretly recorded calls between spouses are admissible in matrimonial disputes, overturning a High Court judgment on privacy.

GST Refund Cannot Be Kept In Abeyance Without recorded Reasons: SC

July 15, 2025 4608 Views 0 comment Print

Supreme Court dismisses Union of India’s appeal, upholding Delhi High Court’s order for immediate GST refund. Reiterates need for recorded reasons under CGST Act Section 108.

Tax Avoidance vs. Tax Evasion: Definitions and Penalties

July 15, 2025 2820 Views 0 comment Print

Explore the differences between legal tax avoidance and illegal tax evasion in India. Understand common methods, legal provisions, and penalties for each under Indian tax laws.

ESOPs: Structure, Accounting and Tax Rules

July 15, 2025 4968 Views 0 comment Print

Understand ESOPs, their accounting treatment, and tax implications for employees in India. Learn about perquisite taxation and capital gains on share sales.

SC Dismisses Retrospective IGST Demand on Aircraft Repairs Abroad

July 15, 2025 2175 Views 0 comment Print

Supreme Court dismisses Customs appeal for IGST on re-imported aircraft parts repaired abroad, providing major relief to airlines from ₹100 crore tax demand.

Recovery of ineligible Focus Market Scrips u/s. 28AAA set aside as instrument not cancelled by DGFT

July 15, 2025 573 Views 0 comment Print

CESTAT Delhi held that recovery of ineligible Focus Market Scrips under section 28AAA of the Customs Act cannot be sustained without cancellation of the instrument by DGFT. Accordingly, order held as without jurisdiction.

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