The new law reorganizes provisions and reduces complexity without changing tax policies, ensuring easier compliance and continuity for taxpayers.
The update addresses regulatory relief for NBFCs without public funds or customer interface. It allows eligible entities to operate without registration while ensuring continued oversight and compliance safeguards.
The removal of the provision means companies and investors are no longer taxed on share premiums exceeding fair market value, creating a major policy shift.
The ruling clarifies that interest on pre-deposit refunds starts from the payment date, not after 60 days, ensuring full compensation to taxpayers.
A detailed compliance roadmap covering board meetings, audits, ROC filings, and director duties. It explains mandatory corporate governance requirements under the Companies Act, 2013.
The new tax law confirms that all pending appeals and proceedings will continue under the old Act, ensuring taxpayers do not restart litigation after 1 April 2026.
Explains the requirement for daily backups of electronic accounting records on India-based servers from 2026. Highlights compliance duties for businesses using cloud accounting systems and penalties for violations.
The dispute concerned whether the two-year limit under Section 54 is mandatory. The Court ruled it is directory and cannot defeat legitimate refund claims. The takeaway is flexible interpretation in deserving cases.
The issue addressed lack of clarity in defining avoidance transactions under insolvency law. The amendment introduces a comprehensive definition, improving consistency and enforcement. The takeaway is clearer legal interpretation and application.
The case examined if income details could be disclosed under RTI during a matrimonial dispute. The Court ruled that such disclosure violates privacy and is not justified without public interest.
