The article explains how buy-back taxation shifted from company-level tax to shareholder taxation under the Finance Act, 2024 and Income-tax Act, 2025. It also discusses additional tax implications for promoters under Section 69(2).
Understand 47(xiii) of the Income-tax Act: Conversion of a firm or LLP into a company is tax-neutral if four conditions are met. Breach triggers clawback on the company, not partners.
Overview of RBI’s updated FEMA compounding provisions. Key features include 180 resolution, detailed penalty matrices for reporting contraventions, and non-compoundable cases.
The Ministry of Corporate Affairs has expanded eligibility for fast-track mergers to include more companies and demergers, aiming to simplify the process.
Finance Bill 2025 limits tax loss carry-forward under Section 72A to 8 years from the original assessment year. Learn about its impact, ambiguities, and challenges.
Explore controversy over appointed date in schemes of arrangement, MCA clarifications, court rulings and challenges surrounding future appointed dates.
CBDT excludes RBI from the definition of specified person under Sections 206AB & 206CCA of the Income Tax Act, 1961. Learn the implications of this amendment.
Discover the RBI’s new PRAVAAH portal, streamlining regulatory approvals. Apply online seamlessly with key features. Track your application status easily!
CBDT notification amending Rule 11UA for Angel Tax. Learn about new valuation methods, safe harbor, and implications for equity shares and CCPS.
