Income-Tax Bill 2025 simplifies tax laws by reducing sections, chapters, and words while ensuring no policy or tax rate changes. Key details on the new framework.
Understand key changes in proposed Income Tax Bill 2025. This FAQ covers definitions, tax year, non-profits, exemptions, salary, house property and business income provisions.
India revises customs duties, imposing 100% duty on most alcoholic beverages and reducing bourbon whiskey duty to 50%, effective immediately.
India restricts premium frozen duck meat imports to 3-star and above hotels, requiring authorization for distributors. Direct imports by hotels remain unrestricted.
SEBI introduces new regulations mandating public consultation and stakeholder engagement in rule-making to enhance transparency in securities market governance.
RBI outlines Exim Bank’s $120M credit line to Vietnam for High-Speed Guard Boats. Includes disbursement details, export compliance, and banking guidelines.
RBI issues guidelines for Exim Bank’s $180M credit line to Vietnam for Offshore Patrol Vessels. Details on disbursement, export policy, and compliance.
West Bengal AAAR denies GST exemption on upfront premium for land lease, citing non-fulfillment of conditions under Notification 12/2017. The ruling clarifies the interpretation of “industrial or financial activity” and ownership criteria for exemption eligibility.
New GST registration rules require biometric or Aadhaar authentication at GSK. Complete verification within 15 days to avoid ARN rejection.
IBBI denies RTI appeal citing fiduciary exemption under Section 8(1)(e). The requested MSME-related information was withheld. Appeal disposed on Feb 10, 2025.
