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[Opinion] Reassessment Procedure in the Income Tax Bill, 2025 | A Legislative U-Turn in Disguise
Shikhar Garg – [2025] 173 taxmann.com 551 (Article) The reassessment provisions introduced in the Income Tax Bill, 2025 appear to be a classic case of old wine in a new bottle. After the substantial overhaul brought by the Finance Act, 2021 – which was...
Appropriateness of Adjusting Operational Losses Against Revaluation Reserve Under Ind AS Framework
The document examines the accounting issue surrounding the adjustment of operational losses against a revaluation reserve under the Indian Accounting Standards (Ind AS) framework. Specifically, it explores whether it is appropriate for a company to bypass the Profit...
SEBI Proposes Updated Investor Charter for Registrar & Share Transfer Agents, Investment Advisers, and Research Analysts
SEBI’s Draft Circular; Dated: 11.04.2025 SEBI has issued draft circulars proposing revised Investor Charters for Registrar and Share Transfer Agents (RTAs), Investment Advisers (IAs), and Research Analysts (RAs) to strengthen investor protection, transparency, and...
[World Tax News] Taiwan Clarifies Conditions for Allowing Commission Expenses and More
Editorial Team – [2025] 173 taxmann.com 426 (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: Taiwan clarifies conditions for allowing commission expenses;...
RBI Invites ‘Theme Neutral’ Applications Under ‘On Tap’ Facility of the Regulatory Sandbox
Press Release: 2025-2026/75, Dated 09.04.2025 The RBI has announced the launch of a ‘Theme Neutral’ application facility under the On Tap Regulatory Sandbox framework. Entities can apply with innovations across any technology/theme. Illustrative areas include digital...
RBI Releases Draft Directions on Stressed Assets, Co-Lending, Gold Loans, and Credit Facilities
Press Release: 2025-2026/69, Dated 09.04.2025 In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies, the Reserve Bank has released the draft Directions. These cover securitisation of stressed asset, co-lending arrangements,...