• March 28, 2025

Publish Date : Tuesday, March 25, 2025 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1224/Press-Release-CBDT-notifies-amendments-in-Income-tax Rules-1962-dated-26-03-2025.pdf source

• March 27, 2025

PR No. 16/2025; Dated: 24.03.2025 Earlier, SEBI issued directions to stock exchanges with a commodity derivatives segment to suspend trading in derivative contracts for 7 agro commodities for one year. Subsequently, the suspension was extended for an additional year until December 20, 2023, and then again until December 20, 2024. The suspension was again extended […]

• March 26, 2025

Consumer Protection Act India refers to the primary legislation in India that safeguards the interests of consumers against unfair trade practices, defective products, and deficient services. Enacted initially in 1986 and later replaced by the 2019 Act, it provides mechanisms for quick and affordable resolution of consumer disputes through District, State, and National Commissions. The […]

• March 25, 2025

Notification No. S.O. 1364(E); Dated: 21.03.2025 Govt. has revised classification criteria for micro, small, and medium enterprises (MSMEs). The investment limit for micro-enterprises has been raised from Rs 1 crore to Rs 2.5 crore, and turnover from Rs 5 crore to Rs 10 crore. For small enterprises, the investment limit has increased from Rs 10 […]

• March 23, 2025

Editorial Team – [2025] 172 taxmann.com 497 (Article) World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week: UK publishes revocation order to suspend tax treaty with Russia; Iceland joins global crypto-asset tax reporting framework; and Finland issues […]

• March 22, 2025

Circular no. SEBI/HO/OIAE/OIAE_IAD-3/P/CIR/2025/32; Dated: 19.03.2025 SEBI has proposed harnessing DigiLocker to reduce unclaimed assets in the Indian Securities Market. DigiLocker is a digital document wallet of the Government of India (GoI), facilitating citizens in obtaining and storing documents like Aadhaar, PAN, Driving Licence, Death Certificate, etc. Also, DigiLocker provides a nomination facility to its users. […]

• March 21, 2025

Schedule III of the Companies Act, 2013 provides the framework for preparing and presenting financial statements of companies in India. It standardizes the balance sheet, statement of profit and loss, and related disclosures, ensuring consistency and comparability across financial statements. Table of Contents Presentation of Items in Schedule III (Division I) + Operating Cycle Managerial […]

• March 20, 2025

Case Details: Dayal Product vs. Additional Commissioner - [2025] 172 taxmann.com 263 (Allahabad) Judiciary and Counsel Details Piyush Agrawal, J. Aditya Pandey, for the Petitioner. Facts of the Case An inspection was conducted at the business premises of the assessee, leading to the initiation of proceedings under Section 130 of the Central Goods and Services Tax […]

• March 19, 2025

LegalTech (Legal Technology) in India refers to the use of digital tools, software, and artificial intelligence (AI) to streamline and enhance legal processes. It encompasses a broad range of technologies aimed at improving efficiency, accessibility, and affordability in legal services. Despite challenges like resistance to change, cost barriers, and data security concerns, LegalTech in India […]