19 Jun, 2025
How to Claim Unclaimed Shares and Dividends from IEPF Many investors don’t realise that old shares or unpaid dividends lying idle for seven years are transferred to the Investor Education and Protection Fund (IEPF) as per Section 124 and 125 of the Companies Act, 2013. If you want to claim unclaimed shares and dividends from […]
Read More19 Jun, 2025
What is a Deferred Sales Tax Waiver? A Deferred Sales Tax Waiver is a scheme where state governments allow businesses to collect sales tax but defer its payment to promote industrial growth. Later, governments may waive this deferred liability under certain incentive policies. Key ITAT Ruling: Waiver is Business Income Recently, the Income Tax Appellate […]
Read More19 Jun, 2025
Introduction Partnership Firm Taxation has always been a key aspect of Indian tax law. With Clause 324 in the new Income Tax Bill, 2025, taxpayers must understand how it aligns with or differs from the current Section 167A of the Income-tax Act, 1961. This blog breaks down the changes and compliance essentials in a simple […]
Read More19 Jun, 2025
Steel Imports QCO Compliance What’s Changing? From June 16, 2025, the Central Board of Indirect Taxes and Customs (CBIC) will strictly enforce Quality Control Orders (QCOs) for steel imports. As an importer, failing to comply with Bureau of Indian Standards (BIS) norms will mean your consignment faces clearance issues — or outright rejection. This update […]
Read More19 Jun, 2025
DGFT Revises Import Policy for Precious Metal Compounds The DGFT revises import policy for precious metal compounds classified under Customs Tariff Heading (CTH) 2843. This change restricts free import and introduces new compliance requirements for importers. What Changed? On 18th June 2025, the Directorate General of Foreign Trade (DGFT) issued Notification No. 20/2025 amending the […]
Read More19 Jun, 2025
DGFT Opens Online Applications for Pharma Sugar Export The DGFT Opens Online Applications for restricted export quota of pharma grade sugar, ensuring tight controls to maintain domestic availability. This move comes after multiple trade advisories and industry requests for clarity on sugar exports amid domestic supply concerns. Key Details of the New Export Quota According […]
Read More19 Jun, 2025
India’s foreign trade regulator, the Directorate General of Foreign Trade (DGFT), has revised its import policy for precious metal alloys. The new norms restrict import of Palladium, Rhodium, and Iridium alloys if they contain more than 1% gold by weight. Let’s break this down for importers, jewellers, and compliance officers. Why DGFT Restricted These Imports […]
Read More19 Jun, 2025
Introduction The recent Madras High Court ruling on GST exemption on duty-free shops brings clarity to a long-standing tax dispute. The Court confirmed that revenue share payments by airport duty-free operators qualify as zero-rated supply, aligning with international norms. Let’s break down this important judgment and its implications for airport retailers and Indian taxpayers. Background […]
Read More19 Jun, 2025
Income Tax Exemption for DCI & YEIDA Latest CBDT Notification The Income Tax Exemption for DCI & YEIDA is now official. The CBDT, via Notifications No. 41 & 42/2025 dated 29th April 2025, has granted tax exemptions under the newly inserted Section 10(46A) to: Let’s decode what this means for stakeholders. What is Section 10(46A)? […]
Read More19 Jun, 2025
GSTAT Procedure Rules Updated Ministry of Finance Corrigendum The GSTAT Procedure Rules have been updated by the Ministry of Finance through a recent corrigendum, refining how India’s Goods and Services Tax Appellate Tribunal will operate. This update clarifies filing processes, fees, and certified copy guidelines for taxpayers and consultants. What Does the Corrigendum Cover? The […]
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