This article explains the requirement to file Form 28 under Section 77(4) for slump sale transactions. The key takeaway is that filing is compulsory for capital gains computation.
SEBI allowed AIFs to retain liquidation proceeds and introduced “inoperative fund” status with lighter compliance. This move reduces unnecessary regulatory burden for inactive funds while maintaining oversight.
The government has appointed 22 Judicial Members as Vice Presidents of GSTAT benches. The move aims to improve efficiency and strengthen GST dispute resolution.
Form 9 is a key document evidencing payments to approved research programmes. It supports deduction claims but does not guarantee eligibility.
Form 4 is mandatory for reporting income from assets located in India under the new tax law. It ensures accurate computation and aids tax authorities in verification.
The new Act retains the existing return filing framework, including due dates and compliance requirements. Returns for earlier years continue under the old law, ensuring continuity.
The new Act continues the existing tax payment framework without altering compliance obligations. It simplifies presentation while preserving the structure of TDS, advance tax, and self-assessment tax.
The circular allows PoPs to engage new categories like professionals, fintechs, and rural agents as Pension Agents. The key takeaway is expanded outreach with strict compliance responsibility on PoPs.
SEBI examined whether WhatsApp chats can serve as proof of client instructions. It held they are valid if properly recorded, retrievable, and legally verifiable.
The circular directs eligible financial institutions to provide interest support for export factoring to MSMEs. The key takeaway is improved access to export finance through regulated entities.
