25 Apr, 2025
Understanding Safe Harbour Rules under Income Tax Bill 2025 Safe harbour rules allow eligible taxpayers to adopt standard margins in international transactions, avoiding prolonged transfer pricing audits. Clause 167 of the Income Tax Bill, 2025 now redefines how these rules operate, continuing the legacy of Section 92CB of the Income-tax Act, 1961 with added flexibility […]
Read More25 Apr, 2025
India Eyes Greater Steel Export Access Through FTA Talks India is pushing hard to secure better market access for its steel exports during ongoing Free Trade Agreement (FTA) negotiations. Commerce Minister Piyush Goyal recently emphasized the government’s efforts to protect domestic industries while expanding global reach — a critical balance for India’s trade future. Steel, […]
Read More25 Apr, 2025
India’s logistics sector, valued at over $160 billion, is finally getting the policy attention it deserves. As part of its strategy to enhance ease of doing business, the government is aggressively working to reduce regulatory bottlenecks that have long plagued this industry. This blog breaks down the recent policy developments, their legal backing, and what […]
Read More25 Apr, 2025
What is an International Transaction? The international transaction meaning is set to undergo a major overhaul under Clause 163 of the Income Tax Bill, 2025, replacing the current definition under Section 92B of the Income-tax Act, 1961. This shift is expected to bring greater clarity and wider scope, directly impacting transfer pricing compliance for Indian […]
Read More25 Apr, 2025
Introduction: In a recent Income Tax Appellate Tribunal (ITAT) ruling, the taxpayer secured relief against arbitrary disallowance, reinforcing a key principle: commercial logic outweighs procedural lapses. What Section 37(1) Really Says Section 37(1) of the Income-tax Act, 1961 allows any business expense not specifically disallowed under other provisions, provided: Case Highlight: Vendor Not Registered Under […]
Read More25 Apr, 2025
IL&FS Asset Sale: NCLT Clears Major Step in Resolution. In a major boost to India’s insolvency resolution efforts, the National Company Law Tribunal (NCLT) has approved the sale of 18 subsidiaries of IL&FS. This decision, involving a substantial portfolio of Mumbai-based entities, marks a critical move towards resolving one of India’s most complex financial collapses. […]
Read More25 Apr, 2025
RBI Probe on Spandana Sphoorty: What It Means for NBFC Compliance Spandana Sphoorty Financial, a leading NBFC-MFI, is reportedly under the RBI’s scanner for potential violations of regulatory norms. While the full details remain confidential, this development has sparked debate around compliance hygiene in India’s NBFC sector. Why Is Spandana Under RBI Lens? As per […]
Read More25 Apr, 2025
India’s Digital Push: Healthcare Meets Fintech via E-Clinics Affordable e-healthcare services are becoming a reality for crores of Indians, thanks to a new partnership between PayNearby and health-tech platform M-Swasth. With over 3,800 digital e-clinics launched across rural and semi-urban areas, this collaboration promises to bridge the gap between basic medical access and underserved regions. […]
Read More24 Apr, 2025
GST Compliance Rules FY 2025–26: What Every Taxpayer Must Know The GST compliance rules FY 2025–26 have undergone significant updates. If you’re a business owner, CA, or consultant, keeping up with these changes is essential to avoid penalties and ensure smooth operations. This guide simplifies the key updates, step-by-step processes, and expert-backed insights on staying […]
Read More24 Apr, 2025
IntroductionGST Ready Reckoner 2025 is your go-to handbook for understanding India’s most complex indirect tax system. What’s New in the GST Ready Reckoner 2025? Why Professionals Trust the GST Ready Reckoner Key Benefits: How It Helps Indian Taxpayers For Small Business Owners: For In-House Teams: Legal Foundation Backing the Content Internal Comparison Table: 2024 vs […]
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