Month: February 2025
Pre-packs for MSMEs find few takers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/current-account/pre-packs-for-msmes-find-few-takers/article69226458.ece Framework for the pre-packaged insolvency scheme demands revamp to fix gaps, boost stakeholder trust The introduction of the pre-pack insolvency resolution process (PPIRP),
Trump’s reciprocal tariffs: India working on its own demands for trade pact with US – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/trump-reciprocal-tariffs-india-working-on-its-own-demands-for-trade-pact-with-us/article69226678.ece Industry, export associations asked for inputs on tariff, non-tariff barriers in various sectors India has decided to take US President Donald Trump’s reciprocal tariff
Income tax makes no economic sense – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/income-tax-makes-no-economic-sense/article69227112.ece But since it’s here to stay, the issue is of its mitigation — lower tax rates and fewer slabs So we are going
Efficient tax system: A clear income-tax law will help all stakeholders
Clipped from: https://www.business-standard.com/opinion/editorial/efficient-tax-system-a-clear-income-tax-law-will-help-all-stakeholders-125021301791_1.html Although the government has been working on improving the experience of taxpayers, such as with the introduction of the Faceless Assessment Scheme, the
New income-tax law: A case for simplification in language and format | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/new-income-tax-law-a-case-for-simplification-in-language-and-format-125021301861_1.html Over the years, several attempts have been made to reform Income Tax Act, the first being between 1986 and 1991, second in 1996,
Income-tax law: New layout, old provisions, but complexities remain | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/income-tax-law-new-layout-old-provisions-but-complexities-remain-125021301869_1.html Certain amendments on trust taxation are welcome. All classes of registered non-profit institutions such as public trusts, society, university/educational institutions have been identified
Income Tax Bill, 2025: A pivotal step towards making law accessible
Clipped from: https://www.business-standard.com/opinion/columns/income-tax-bill-2025-a-pivotal-step-towards-making-law-accessible-125021301870_1.html The traditional style of drafting the law has led to enormous tax litigation over the past six decades The finance minister tabled the
*******ITAT Directs Reassessment in ₹1.8 Crore Capital Gains & Section 54 exemption denial Case
Clipped from: https://taxguru.in/income-tax/itat-directs-reassessment-rs-1-8-crore-capital-gains-section-54-exemption-denial-case.html Badri Narayanan Vs ITO (ITAT Chennai) The Income Tax Appellate Tribunal (ITAT) Chennai has directed the Assessing Officer (AO) to re-examine a capital
GST Amnesty Scheme–2 notifications and 1 circular–Source Government
Circular 238-32-GST Amnesty Scheme Notification 20-24–Amnesty Scheme CT-20-2024 Notificaton 21-24-Amnesty Scheme
https://gstcouncil.gov.in/sites/default/files/2024-10/circular-no-238-2024.pdf
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