Section 115BAA offers eligible domestic companies a concessional tax structure with a fixed effective rate. The trade-off is the loss of several deductions available under the normal regime.
Buyback proceeds will again be taxed as capital gains from 1 April 2026. The change allows deduction of acquisition cost and restores taxation on net gains rather than gross receipts.
The Bombay High Court held that compensation awarded under Section 3G(5) of the National Highways Act cannot be subjected to TDS because Section 96 of the 2013 Land Acquisition Act exempts such awards from income tax. The Court quashed orders directing 10% TDS deduction.
Secretarial Standards require the Chairman to digitally sign minutes maintained in electronic form. Electronic minutes must also comply with timestamp and record-preservation requirements.
New MCA amendments permit companies to deploy a portion of CSR funds through Zero Coupon Zero Principal instruments listed on the Social Stock Exchange, creating an additional regulated implementation channel.
The article argues that retention money withheld under agreed contract terms should not be treated as non-payment under Section 16(2), as payment is not yet due.
The market has remained largely flat despite strong corporate earnings. FII withdrawals, higher capital gains taxes, and global uncertainties are cited as key reasons for the prolonged consolidation.
HRA exemption and home loan deductions operate under separate sections of the Income Tax Act. Taxpayers may claim both under the old tax regime if the arrangement is genuine.
Employees changing jobs may face additional tax at filing because each employer deducts TDS independently. The demand usually reflects a TDS shortfall, not double taxation.
The Supreme Court ruled that Section 7 of the Prevention of Corruption Act covers attempts to obtain undue advantage through subordinates or third parties. The key takeaway is that public officials cannot avoid liability by using intermediaries.
