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IRDAI Notifies Regulations on ‘Maintenance of Information by Regulated Entities and Sharing of Information by the Authority’
Notification F. No. IRDAI/Reg/4/211/2025, Dated: 01.01.2025 IRDA has notified ‘Maintenance of Information by the Regulated Entities and Sharing of Information by the Authority, Regulations 2025’. The objective of these regulations is to enable insurers to maintain...
SEBI Mandates IAs and RAs to Disclose Use of ‘AI Tools’ in Providing Investment Advice & Research Services to Clients
Circular no. SEBI/HO/MIRSD/ MIRSD-PoD-1/P/CIR/2025/003; Dated: 08.01.2025 SEBI has issued guidelines for Research Analysts (RAs) and Investment Advisers (IAs). The guidelines cover qualification and certification requirements, fees chargeable to clients and deposit...
[Opinion] Interplay of Section 144C(13) and Section 153(3)
D.C. Agrawal – [2025] 170 taxmann.com 235 (Article) 1. Introduction In the case of Shelf Drilling Ron Tappmeyer Ltd. v. ACIT (IT)[2023] 153 taxmann.com 162 (Bombay), the petitioner, a Cayman Islands-incorporated company headquartered in Dubai and engaged in...
HC Quashes Sec. 138 Complaint as Non-Disclosure of Lawyer-Client Relationship Invalidated Enforceable Debt Claim
Case Details: Ram Sharan Singh vs. State of U.P. - [2025] 170 taxmann.com 149 (Allahabad) Judiciary and Counsel Details Mrs Manju Rani Chauhan, J. Ashok Kumar Singh & Sanjeev Singh for the Applicant. Vikas Singh for the Respondent. Facts of the Case In the instant...
SEBI Revises Norms for Inactive Accounts | Funds to Be Settled on Monthly Running Account Settlement Cycle Dates
Circular No.SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2025/1, Dated 06.01.2025 The SEBI has revised norms for settling funds of clients inactive for over 30 days. Previously, Trading Members (TMs) were required to settle such accounts within three working days, causing daily...
No TDS u/s 194Q on Goods Purchased From IFSC if Seller Opts for Sec. 80LA Relief | CBDT
Notification No. 3/2025, dated 02-01-2025 Section 197A of the Income Tax Act, 1961 lays down several cases in which the tax deduction is not required to be made. Section 197A(1F) prescribes that no deduction of tax shall be made, or deduction of tax shall be made at...