• December 23, 2025

Derivatives are financial instruments whose value is derived from an underlying asset, rate, or index—such as commodities, currencies, interest rates, equities, or market indices. They do not have an independent value of their own and exist only because of the underlying. Derivatives are typically settled at a future date and are widely used for risk […]

• December 22, 2025

Editorial Team – [2025] 181 taxmann.com 634 (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: 1. Dutch Government Publishes Overview of 2026 Tax Measures The Dutch Ministry of Finance has released an overview of the main […]

• December 21, 2025

Circular No. IBBI/CIRP/89/2025; Dated: 18.12.2025 1. Regulatory Background The Insolvency and Bankruptcy Board of India (IBBI) has introduced important procedural changes relating to filing of forms under Regulation 40B of the IBBI (Corporate Insolvency Resolution Process) Regulations. The changes include: Introduction of a modification utility for CP Forms filed on the IBBI portal, and Commencement […]

• December 20, 2025

Editorial Team – [2025] 181 taxmann.com 586 (Article) Global Financial Insights is a weekly feature for the Accounts and Audit Module subscribers of Taxmann.com. It provides you with the latest updates on financial reporting and auditing practices from across the globe. Here is this week’s financial update: 1. ISSB Issues Amendments to Greenhouse Gas Emissions […]

• December 19, 2025

Circular no. HO/17/11/18(1)2025-DDHS-POD1/I/342/2025; Dated: 16.12.2025 1. Regulatory Background SEBI has issued a circular mandating enhanced periodic disclosure requirements for Special Purpose Distinct Entities (SPDEs) and trustees associated with Securitised Debt Instruments (SDIs). The move is aimed at strengthening transparency, ongoing monitoring, and investor protection in the securitisation market. 2. Entities Covered The disclosure requirements apply […]

• December 18, 2025

Notification No. 170/2025, dated 15-12-2025 1. Background The Central Board of Direct Taxes (CBDT) has issued a direction clarifying the appellate jurisdiction of the Commissioner of Income-tax (Appeals) [CIT(A)] in respect of assessments completed pursuant to search, requisition, or survey operations under the Income-tax Act, 1961. This move aims to ensure administrative clarity, uniform handling […]

• December 17, 2025

Press Release, dated 13-12-2025 1. Background The Central Board of Direct Taxes (CBDT) has launched a targeted NUDGE (Non-intrusive Usage of Data to Guide and Encourage) campaign aimed at taxpayers who have claimed deductions for donations to suspicious entities or have not furnished adequate information to establish the genuineness of such entities. The initiative forms […]

• December 16, 2025

Bill No. XXXII of 2025, Dated: 08.12.2025 1. Background The Government of India has introduced the Companies (Amendment) Bill, 2025, proposing significant amendments to Section 135 of the Companies Act, 2013, which governs Corporate Social Responsibility (CSR) obligations. The proposed changes seek to widen the CSR net and strengthen governance and expertise in CSR decision-making. […]

• December 15, 2025

Sheetal Bhatia – [2025] 181 taxmann.com 279 (Article) During the pandemic I advised a mid-sized engineering firm whose overseas project managers started working from their homes abroad. What seemed like a harmless operational tweak quickly raised a tax question – Could those home offices create a permanent establishment (PE) for the foreign enterprise? The OECD’s 2025 […]