Regulatory changes now require companies to disclose and verify ESG data, increasing demand for professional assurance services. Chartered accountants can leverage their audit and compliance skills to enter this field.
The Court held that reliable DNA profiling and medical evidence can independently establish guilt. It ruled that absence of a strong “last seen” theory does not weaken a complete chain of scientific evidence.
The new Act removes the confusion between Previous Year and Assessment Year by introducing a unified Tax Year system. This simplifies tax reporting and reduces common errors. The key takeaway is improved clarity and ease of understanding for taxpayers.
This covers how business income is computed under the Income-tax Act, including normal and presumptive methods. It explains deductions, disallowances, and treatment of various receipts under PGBP.
The provision grants full deduction of profits for eligible start-ups for three years. The key takeaway is that structured conditions must be met to claim the benefit.
The Court clarified that uploading orders under the “Additional Notices and Orders” tab does not amount to proper service, emphasizing strict adherence to statutory communication requirements.
The policy links subsidies directly to employment generation and local hiring requirements. It ensures businesses benefit only when they create and sustain jobs, promoting inclusive economic growth.
The amendment broadens eligibility for fast-track mergers to include unlisted companies, subsidiaries, and cross-border structures. It removes NCLT approval, making mergers faster while retaining safeguards.
FSSAI removes expiry of licenses but retains mandatory annual fee payments. Missing deadlines leads to heavy penalties or fresh application requirements. The key takeaway is that compliance obligations continue despite simplified procedures.
The new law replaces Previous Year and Assessment Year with a single Tax Year. This simplifies tax reporting and removes long-standing confusion.
