Finance : Secondary SGB buyers must now pay 12.5% LTCG tax, unlike primary holders. The change reshapes returns and investment strategies in...
Income Tax : Establishes that higher tax burdens on promoters under the new regime require companies to reassess payout strategies. The takeawa...
Finance : The Supreme Court has allowed taxpayers to challenge retrospective amendments validating JAO reassessment actions. It stayed ongoi...
Income Tax : The issue arose from taxing buybacks as dividends, causing higher tax burden and unusable capital losses. The reform restores capi...
Income Tax : The Supreme Court has admitted a case to resolve conflicting interpretations of due dates for PF/ESI contributions. The ruling wil...
Income Tax : The amendments focus on reassessment timelines, electronic communication, and procedural clarity. The changes aim to reduce litiga...
Income Tax : The Government introduced reforms to simplify tax dispute resolution, including broader immunity provisions and expanded scope for...
Income Tax : A focused session breaks down recent Budget amendments affecting NRI taxation. It highlights how changes impact income, investment...
CA, CS, CMA : Budget 2026 prioritises easing compliance, reducing penalties, and cutting litigation rather than raising tax rates. The reforms a...
Custom Duty : New baggage rules and processing regulations are notified, replacing earlier frameworks and aligning customs procedures for passen...
Goods and Services Tax : Discover the key amendments in the Finance (No. 2) Bill, 2024, affecting CGST, IGST, UTGST, and Cess Act, including tax exemptions...
Income Tax : A petition has been filed in the Madras High Court challenging the section 271J of the Income Tax Act inserted vide Finance Act 2...
Income Tax : U/s 250(4), the CIT (A) has the power to direct enquiry and call for evidence from the assessee. Under Rule 46A, the assessee has ...
Income Tax : CBDT updated DIN rules to align with new provisions introduced under the Finance Act, 2026. The circular mandates DIN for most tax...
Income Tax : The Finance Act, 2026 prescribes income-tax rates, surcharge, and cess for the assessment year 2026–27. It establishes the legal...
Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026. The rescission is ...
Excise Duty : The government has extended key excise provisions and introduced a specific duty structure for CNG blended with biogas. The key ta...
Excise Duty : The government has reduced the effective National Calamity Contingent Duty on specified tobacco products. The key takeaway is a ca...
seeks to rescind the anti-dumping duty imposed on imports of High Speed Steel of Non-Cobalt Grade originating in or exported from Brazil, China PR and Germany vide Notification No. 38/2019-Cus (ADD) dated 25.09.2019 vide Notification No. 06/2022-Customs (ADD) Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. […]
Seeks to rescind the anti-dumping duty imposed on imports of Straight Length Bars and Rods of alloy steel originating in or exported from China PR vide Notification No. 54/2018-Cus (ADD) dated 18.10.2018 vide Notification No. 05/2022-Customs (ADD) Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. […]
Seeks to amend various notifications giving exemption to electronic items and medical devices vide Notification No. 15/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 15/2022-Customs New Delhi, the 1st February, 2022 G.S.R.89(E). – […]
Seeks to amend notification No. 25/1999-Customs dated 28.02.1999 to omit redundant and obsolete entries. vide Notification No. 14/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 14/2022-Customs New Delhi, the 1st February, 2022 G.S.R.88(E). […]
Seeks to implement a graded BCD structure for smart meters and its parts, sub-parts and sub-assembly vide Notification No. 13/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 13/2022-Customs New Delhi, the 1st February, 2022 […]
Seeks to implement a graded BCD structure for hearable devices and its parts, sub-parts and sub assembly vide Notification No. 12/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 12/2022-Customs New Delhi, the 1st […]
Seeks to implement a graded BCD structure for wearable devices and its parts, sub-parts and subassembly vide Notification No. 11/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 11/2022-Customs New Delhi, the 1st February, […]
Seeks to amend notification No. 27/2011-Customs dated 01.03.2011 to omit redundant entries and reduce export duty on raw hides and skins of buffalo vide Notification No. 10/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification […]
Seeks to amend notification Nos. 146/94-Customs, 147/94-Customs, 39/96-Customs, 50/96-Customs, 30/2004-Customs, 81/2005-Customs, 5/2017-Customs, 16/2017-Customs, 32/2017-Customs to prescribe end-dates as per Section 25(4A) of Customs Act, 1962 vide Notification No. 10/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF […]
Seeks to amend Notification No. 104/2010-Customs, dated the 1st October, 2010, Notification No.38/96-Customs, dated the 23rdJuly, 1996, Notification 40/2017-Customs, dated the 30thJune, 2017, Notification 60/2011-Customs, dated the 14thJuly, 2011, Notification 148/94-CUSTOMS, dated the 13thJuly, 1994 to exempt AIDC/Health cess/RIC on goods imported under the said notifications vide Notification No. 08/2022-Customs Dated 1st February, 2022 to give […]
