Govt Notifies Draft Industrial Relations Rules, 2025
Notification No. G.S.R. 930 (E); Dated: 30.12.2025 The Central Government has notified the draft Industrial Relations (Central) Rules, 2025 under section 99 of the Industrial Relations Code, 2020, in supersession of the Industrial Disputes (Central) Rules, 1957 and the Industrial Employment (Standing Orders) Central Rules, 1946. The draft rules lay down provisions relating to settlements, […]
IBBI Notifies Formats for Beneficial Ownership Statement Under CIRP
Circular No. No. IBBI/CIRP/90/2025, Dated: 29.12.2025 1. Regulatory Background The Insolvency and Bankruptcy Board of India (IBBI) has issued a circular prescribing standard formats for: the Statement of Beneficial Ownership, and the Affidavit to be furnished under Regulation 38(3A) of the CIRP Regulations, 2016. The measure is aimed at strengthening transparency, disclosure, and due diligence […]
Taxation of Dividend Income under Income Tax Act
The Taxation of Dividend Income under the Income-tax Act, 1961 refers to the manner, timing, and rate at which dividends received by shareholders are brought to tax, depending on the nature of the dividend, residential status of the recipient, and the source company (Indian or foreign). Under the Act, dividend income is generally taxable in the […]
Front Office ‘Manager’ Without Powers Is a Workman | SC
Case Details: Srinibas Goradia vs. Arvind Kumar Sahu – [2025] 181 taxmann.com 667 (SC) Judiciary and Counsel Details Prashant Kumar Mishra & N.V. Anjaria, JJ. Awanish Sinha, AOR for the Petitioner. Kedar Nath Tripathy, Dhananjaya Mishra, AORs, Aditya Narayan Tripathy & P. K. Chand, Advs. for the Respondent. Facts of the Case In the instant case, the appellant was […]
NCLT Allows Personal Guarantor to Travel Abroad for Children
Case Details: Zankarsinh Kishorsinh Solanki vs. Kanhaiyalal Salawat – [2025] 181 taxmann.com 101 (NCLT-Ahd.) Judiciary and Counsel Details Shammi Khan, Judicial Member & Sanjeev Sharma, Technical Member Ms Natasha Shah, Adv. for the Applicant. Ms Nalini Lodha & Sunil Kumar, Advs. for the Respondent. Facts of the Case In the instant case, the applicant was a personal guarantor […]
Jharkhand Appellant Entitled to Pay Parity under Bihar Reorganisation Act | SC
Case Details: Sanjay Kumar Upadhyay vs. State of Jharkhand – [2025] 181 taxmann.com 542 (SC) Judiciary and Counsel Details J.K. Maheshwari & Vijay Bishnoi, JJ. Sudhanshu S. Pandey, Arjun D. Singh, Roshan Kumar, Maitreya Mahaley, Yimyanger Longkumer, Kamei Bestman Kabui, Advs. & Gaichangpou Gangmei, AOR for the Appellant. Shantanu Sagar, AOR & Anil Kumar, Adv. for the Respondent. Facts of the […]
SEBI Updates BSDA Norms on Valuation | Exclusions | Eligibility Review
Circular No. HO/38/11/11(3)2025-MIRSD-POD/I/1101/2025, Dated 24.12.2025 1. Regulatory Background The Securities and Exchange Board of India (SEBI) has directed further enhancements to the Facility for Basic Services Demat Account (BSDA) with the objective of strengthening financial inclusion, ensuring fair classification of investors, and preventing inadvertent migration of eligible investors to regular demat accounts. The revised framework […]
IFSCA Approves Regulatory Relaxations Across Funds | Intermediaries | GICs
Press Release Dated 23.12.2025 1. Regulatory Context The International Financial Services Centres Authority (IFSCA), at its 26th meeting held on December 22, 2025, approved a series of amendments across multiple regulatory frameworks governing financial activities in GIFT IFSC. These amendments reflect IFSCA’s continued effort to refine regulations based on industry feedback, address operational bottlenecks, and […]
Initiative to encourage taxpayers to voluntarily review deduction/exemption claims identified as potentially ineligible through risk analytics
Details : Publish Date : Tuesday, December 23, 2025 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1235/Initiative-to-encourage-taxpayers-to-voluntarily-review-deduction-exemption-claims-identified-PressRelease-23-12-25.pdf source
[Opinion] Taxation of Gifts from Family
CA (Dr.) Suresh Surana – [2025] 181 taxmann.com 716 (Article) 1. Introduction For the purpose of determining whether a gift is exempt from tax, the Income-tax Act, 1961 (hereinafter referred to as ‘the IT Act’) does not use the term “family”; instead, the relevant exemption under Section 56(2)(x) provides for determining on whether the donor qualifies […]