Immovable Property: If any immovable property is received without consideration and the stamp duty value (‘SDV’) exceeds ₹50,000, the whole SDV is taxable. If received for inadequate consideration ...

On May 23, 2025, the Reserve Bank of India (RBI) issued Circular No. 06 under the A.P. (DIR Series), directing Category-I Authorised Dealer Banks regarding the reporting of partly paid units issued by ...

1. The Hon’ble Supreme Court in its judgement dated April 30, 2025, emphasized the need for equal and accessible inclusion of persons with disabilities for availing financial services and directed to ...

The 3 rd Amendment Regulation 2025 has taken efforts in incorporating certain provisions in Regulation 40B (mandates IRP & RP concerned to file requisite forms on the IBBI electronic portal at ...

The essence of the buy-back violation is the under reporting of loans/ non-convertible debentures by fraudulently increasing the „ free reserves‟ of the company. If the same had been correctly ...

The extant Indian merger control regime mandates pre-notification to the CCI for all acquisitions, mergers, and amalgamations that satisfy stipulated jurisdictional thresholds. Concurrently, the ...

The Allahabad High Court (Lucknow Bench), in the case of Prem Traders v. State of Uttar Pradesh, quashed an order issued under Section 73 of the Central Goods and Services Tax Act, 2017. The court ...

Premiums paid for critical illness, surgical care, or similar covers are eligible for deductions up to ₹25000 under Section ...

Section 270AA of the Income Tax Act, 1961, introduced by the Finance Act, 2016 (effective from 1st April 2017), is a significant taxpayer-friendly provision. It allows an assessee to seek immunity ...

In a recent order passed by the Bombay High Court in the case of Vedanta Ltd. v. Union Of India, the operation of Circular No. 204/16/2023-GST, dated 27-10-2023 declaring corporate guarantee by parent ...

Delhi High Court held that different floors of a singular house cannot be considered as multiple residential houses. Accordingly, deduction under section 54F of the Income Tax Act cannot be denied.

The International Financial Services Centres Authority (IFSCA) has introduced a framework to facilitate co-investment by Venture Capital Schemes and Restricted Schemes through Special Purpose Vehicles ...