For AY 2025-2026, the CBDT has introduced amendments to Form 3CD, with some impacting Form 3CB indirectly, effective from April 1, 2025. These changes reflect new tax provisions, remove outdated clauses, and introduce enhanced disclosure requirements. Let’s break down the key updates with practical examples.
Understand corporate guarantee valuation under IND AS 109 and IAS 109, including methodologies like Credit Spread and Contingent Claims, and GST implications.
Income Tax Bill 2025 proposes changes to Section 271B penalty, aiming for proportionality and reduced litigation in tax audit defaults under Section 44AB.
Introduction Real estate insolvency under the Insolvency and Bankruptcy Code (IBC), 2016 has long been marred by procedural deadlocks, funding challenges, and emotional stakeholder dynamics—especially concerning homebuyers. Recognizing these hurdles, the Insolvency and Bankruptcy Board of India (IBBI) introduced significant regulatory amendments effective from 3rd February 2025. These amendments directly empower the Resolution Professional (RP) […]
Learn about OPC registration in India, its benefits, eligibility, incorporation steps, and how it compares with sole proprietorship and private limited companies.
Whether exporter can issue a GST credit note for returned goods. As per current provisions of GST law and administrative practice, the answer is in negative.
Analysis of the Rajeev Bansal Supreme Court ruling on reassessment approvals, clarifying complexities in Section 151 and its impact on assessing authorities.
Supreme Court emphasized that clauses using permissive language, such as may be sought, do not establish a binding arbitration agreement.
Courts differ on condoning GST appeal delays beyond limits. Madras HC adopts a liberal approach, while Allahabad HC insists on strict statutory timelines.
Understand secured creditor rights under IBC Section 52 during liquidation: relinquish security to the estate or realize independently. Learn procedures and obligations.
