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Appeal Filed to Revisit Section 112 Amendments on Capital Loss Set-Off
Gopal Nathani – [2025] 178 taxmann.com 477 (Article) Subject – Request for Revisiting Amendments in Section 112 – Preservation of Capital Loss Set-off under Sections 74 and 80 Respected Madam, Most respectfully I wish to bring to your kind notice certain...
IFSCA Clarifies Listing Regulations Apply to Convertible Debt Securities
Circular File No. IFSCA-PLNP/53/2025-Capital Markets, Dated 18.09.2025 1. Introduction The International Financial Services Centres Authority (IFSCA) has issued a clarification regarding the applicability of its Listing Regulations, 2024. The clarification...
GST Third Amendment Rules 2025 | Key Changes Notified by CBIC
Notification No. 13/2025-Central Tax, Dated 17-09-2025 1. Introduction The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification amending the CGST Rules, 2017. These amendments introduce several procedural and compliance-related changes,...
[Opinion] IBC Amendment Bill 2025 Proposes Key Insolvency Reforms
[2025] 178 taxmann.com 443 (Article) Introduction The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 (“Bill“) proposes the single biggest overhaul to the existing insolvency framework in India since the Insolvency and Bankruptcy Code, 2016...
CBIC Exempts Small Taxpayers from Filing Annual GST Return GSTR-9
Notification No. 15/2025 – Central Tax, Dated 17-09-2025 1. Introduction The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification granting relief to small taxpayers by exempting them from filing the annual return under GST. This change applies...
Tax Reboot 2025| Key Insights on India’s New Income-Tax Act
1. Introduction Is India finally progressing beyond its intricate tax legacy? The Income-tax (No. 2) Act, 2025, represents the most significant change in almost sixty years, supplanting the convoluted and disjointed 1961 framework with an efficient, digital-centric...