ITAT Mumbai held that Private Discretionary Trust whose income is chargeable to tax at maximum marginal rate is not leviable to pay surcharge if the slab rates are below Rs. 50 Lakhs. Accordingly, ...

Explore the ICAI President's July 2025 message on trust, India's growing economic influence, and CA initiatives for MSMEs, ...

CESTAT Chennai held that royalty fixed at percentage of net sales is not includible in transaction value of goods imported under rule 10(1)(c) of the Customs Valuation Rules, 2007 as royalty paid is ...

RBI reports 7.2% sales growth for FY25 in private firms, with higher input costs and moderate profit margins across ...

RBI extends call money timings to 7 PM from July 1 and repo/TREP to 4 PM from August 1, 2025, based on a review of market trading and settlement ...

SEBI permits intermediaries to use NPCI's e-KYC Setu System for Aadhaar-based digital KYC, adding to existing UIDAI and Digilocker ...

The Supreme Court has ordered a status quo on NCLT proceedings involving JSW Steel Limited and Sanjay Singhal, pending a review petition against a prior ...

1. Short title and commencement. – (1) These rules may be called the Companies (Restriction on number of layers) Amendment ...

Shri Sunil Kadam takes charge as SEBI Executive Director, overseeing key departments including IT, investor assistance, and economic policy from July 1, ...

Explore key GST rulings from May 2025, covering ITC denial, SCN challenges, involuntary payments, cross-examination rights, SCN validity, penalty for e-way bill errors, and condonation of delay in ...

ITAT Raipur held that addition of commission @1% on bogus sales transacted upheld as no plausible explanation provided by the ...

Ministry of Finance announces amendment to Section 48 of the Income-tax Act, 1961, introducing a new cost inflation index effective from Assessment Year ...