India’s Finance Minister, Nirmala Sitharaman, presented the Union Budget for 2025-26 on February 1 in Parliament. The budget introduces significant reforms, including the removal of income tax liability (under the new regime) for individuals earning up to INR 1.2 million annually, excluding special income.
Key notifications from Income Tax, GST, RBI, and IBBI covering amendments, clarifications, and updates for the week of 27th January to 2nd February 2025.
SC clarifies ITC on construction under GST, applying the functionality test. High Court to decide if malls qualify as plants for ITC eligibility.
Learn about Class Action Suits under Section 245 of the Companies Act, 2013, protecting minority shareholders from oppression and mismanagement.
Explore the risks and consequences of using an unregistered trademark, including potential legal actions and the implications of opposition or objections during registration.
Learn about Section 8 Companies under the Companies Act, 2013, including incorporation, compliance, exemptions, and penalties for non-compliance.
Learn about the incorporation of a Farmer Producer Company in India under the Companies Act, 2013, including eligibility, legal framework, and registration process.
Explore key court rulings on reassessment under Section 148 post-2021 amendments, covering procedural changes, taxpayer rights, and revenue interests.
Madras HC mandates strict adherence to animal welfare laws for cattle transport, ensuring health, safety, and humane treatment during transit.
Learn how tax harvesting helps offset capital gains tax by selling loss-making investments. Optimize your tax savings and maintain a balanced investment portfolio.
