The article explains how Section 80M applies only to domestic dividends, leaving foreign subsidiary dividends fully taxable in India. This creates economic double taxation for Indian parent companies.
The article explains the Supreme Court’s landmark 2024 ruling that broken period interest on debt securities is capital in nature. The judgment rejects the Revenue’s attempt to tax such receipts as interest income.
The article explains how Sections 115BAA, 115BAB, 115BAC, and 115BAE have reduced the importance of traditional deduction-based tax planning. It highlights the shift toward strategic and substance-driven tax optimization.
The article explains how Section 115BAE offers newly established co-operative societies a concessional 15% tax rate for manufacturing activities. It highlights the provision’s potential to transform co-operatives into industrial growth engines.
This article explains how India’s four new labour codes are transforming wages, payroll, industrial relations, social security, and workplace compliance from November 2025.
This article explains the key website disclosure requirements imposed on listed companies under SEBI LODR Regulations, 2015. It highlights mandatory disclosures relating to financials, governance, related party transactions, and investor communications.
The article explains how editable outward tax fields in GSTR-3B enable suppliers to evade tax payment while genuine buyers later suffer ITC denial and GST notices.
The new customs notifications standardize the effective import duty on gold and silver bullion at 15% through revised BCD, SWS, and AIDC structures.
The Supreme Court quashed criminal proceedings pending for 35 years, holding that prolonged prosecution violated the right to speedy trial under Article 21. The Court also sought extensive data from the Allahabad High Court on criminal pendency, undertrials, bail applications, and judicial vacancies.
ITAT Bangalore held that profit cannot be estimated arbitrarily when regular books of account are maintained and not rejected under the Income Tax Act. The Tribunal ruled that mere decline in net profit rate does not justify ad hoc additions without evidence of suppressed sales or inflated expenditure.
