The Commerce Minister urged industry to embrace AI, data centres and clean energy to unlock a trillion-dollar opportunity by 2035, supported by tax incentives and infrastructure reforms.
The UDIN portal will now validate turnover, gross receipts, and presumptive tax conditions before allowing UDIN generation for tax audits under Section 44AB.
The Tribunal held that once records were audited and within departmental knowledge, extended limitation under Section 73 could not be invoked again, rendering the demand time-barred.
The Tribunal held that CPC wrongly applied the outdated ₹3 lakh ceiling despite Notification No. 31/2023 enhancing the limit to ₹25 lakh. Since the retirement benefit was within the revised cap, full exemption under Section 10(10AA) was directed.
IRS Publication 523 allows taxpayers to exclude up to 500,000 of gain if ownership and residence tests are met. The article explains eligibility, exceptions, and reporting requirements under U.S. tax law.
The One Person Company structure offers separate legal identity and limited liability under the Companies Act, 2013. It allows single owners to operate with full control and reduced compliance.
The ITAT held that fresh allotment of shares at a value below fair market value attracts Section 56(2)(viia). The term receives includes allotment, and the differential amount was rightly taxed as income from other sources.
Industry expects a dedicated refinance facility for NBFCs to reduce funding costs and strengthen MSME credit flow. The move aims to ensure structural liquidity and stability.
SEBI’s March 2025 circular requires listed companies to disclose total shares on a fully diluted basis, including ESOPs and convertible instruments, enhancing investor transparency.
ESOPs are taxed twice—first as salary perquisite at exercise and later as capital gains on sale. Understanding valuation rules and holding periods is crucial for compliance.
