• February 25, 2025

SEBI Corporate Governance Reforms are a series of regulatory initiatives introduced by the Securities and Exchange Board of India to enhance transparency, accountability, and compliance in the capital markets. These reforms focus on strengthening audit oversight, standardising disclosure norms for related party transactions, and improving secretarial compliance reporting among listed entities. By updating key regulations […]

• February 24, 2025

Editorial – [2025] 171 taxmann.com 608 (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. (a) Sri Lanka unveils Budget 2025 with Capital Gains tax hike; (b) Panama introduces new withholding tax form for SEM Regime; […]

• February 23, 2025

Case Details: Vodafone Idea Ltd. v. Union of India - [2025] 171 taxmann.com 364 (Bombay) Judiciary and Counsel Details B.P. Colabawalla & Firdosh P. Pooniwalla, JJ. Darius Shroff, Sr. Adv. & Rahul P. Jain, Adv. for the Petitioner. Jitendra Mishra, Sangeeta Yadav & Rupesh Dubey, Advs. for the Respondent. Facts of the Case The petitioner, an exporter of […]

• February 22, 2025

Global Financial Insights is a weekly feature for the Accounts and Audit Module subscribers of Taxmann.com. It provides you with the latest updates on financial reporting and auditing practices from across the globe. Here is this week’s financial update: PCAOB issues guidance on audit firms’ use of specialists: The PCAOB issued guidance on the use […]

• February 21, 2025

The Auditing and Assurance Standards Board (AASB) of Institute of Chartered Accountants of India (ICAI) has issued the 2025 Guidance Note on Audit of Banks, a must-have resource for auditors navigating the evolving banking landscape. This updated edition aligns with the latest regulatory and accounting changes, providing practical insights and structured guidance. Split into two […]

• February 20, 2025

Somesh Jain – [2025] 171 taxmann.com 450 (Article) The draft of the New Income Tax Bill, 2025 has been unveiled, sparking excitement over its streamlined structure—fewer sections, fewer provisos, and simpler language compared to the existing Income Tax Act. In her budget speech, the Hon’ble Finance Minister emphasized that the new bill is designed to […]

• February 17, 2025

Consultation Paper; Dated: 13.02.2025 SEBI has released a Consultation Paper seeking public comments on the proposals to strengthen ‘ESG Rating Providers’ (ERPs). ESG stands for environmental, social and governance. SEBI has proposed the circumstances under which ERPs can withdraw ratings under the Subscriber-Pays business model and an Issuer-Pays business model. Under the Subscriber-Pays business model, […]

• February 16, 2025

Notification no. F. No. FMRD.DIRD.14/14.03.042/2024-25; Dated: 07.02.2025 The RBI has expanded the scope of permissible contracts for the sale or purchase of Government securities, gold-related securities and money market securities. Now, any contract specifically permitted by the RBI is included under the list of permissible contracts. Earlier, the permissible contracts included only spot contracts and […]

• February 15, 2025

Details : ​​​ Publish Date : Thursday, February 13, 2025 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1219/Executive-Summary-on-the-Comprehensive-Simplification-of-the-Income-tax-Act-1961-PressRelease-13-2-25.pdf source