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SEBI Allows Investment Advisers and Research Analysts to Charge Advance Fees for Up to One Year
Circular No. SEBI/HO/MIRSD/ MIRSD-PoD/P/CIR/2025/48, Dated: 02.04.2025 SEBI has relaxed the advance fee restrictions for Investment Advisers (IAs) and Research Analysts (RAs), allowing them to charge fees in advance for up to one year, subject to client agreement. Fee-related provisions apply only to individual and HUF clients (excluding accredited investors). For non-individual and institutional clients, fees […]
EU VAT in the Digital Age (ViDA) Package Rollout Stages and Timeline
Editorial Team – [2025] 173 taxmann.com 40 (Article) Adopted on 11 March 2025, the EU VAT in the Digital Age (ViDA) package will be implemented in stages until 2035. Initially, Member States can introduce mandatory e-invoicing and enhancements to the Import One-Stop-Shop (IOSS) framework. From 1 January 2027, minor clarifications will apply to the One-Stop […]
CBDT Signs 174 Advance Pricing Agreements in FY 2024-25
Publish Date : Monday, March 31, 2025 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1225/Press-Release-CBDT-Signs-174-Advance-Pricing-Agreements-in-FY-2024-25-dated-01-04-2025.pdf source
Travel Agent Not Liable to Deduct Tax Under Section 194-O for Booking Airline Tickets Through CRS System | ITAT
Case Details: Asst. Commissioner of Income-tax (TDS) vs. Riya Travel and Tours (India) (P.) Ltd. - [2025] 172 taxmann.com 652 (Mumbai-Trib.) Judiciary and Counsel Details Ms Kavitha Rajagopal, Judicial Member & Om Prakash Kant, Accountant member Niraj Sheth for the Appellant. R.R. Makwana, Sr. DR for the Respondent. Facts of the Case Assessee was an air travel agent […]
Weekly Round-up on Tax and Corporate Laws | 24th to 29th March 2025
This weekly newsletter analytically summarises the key stories reported at taxmann.com during the previous week from March 24th to 29th 2025, namely: CBDT amends TP safe harbour rules, increasing threshold and adding lithium-ion batteries for EVs as ‘core auto components’; Govt. amends Form 3CD; new clause 36B inserted to report sum received for buyback of […]
Govt. Amends Form 3CD; New Clause 36B Inserted to Report Sum Received for Buyback of Shares
Notification no. 23/2025, 28-03-2025 The Central Board of Direct Taxes (CBDT) released the Income-tax (Eighth Amendment) Rules, 2025, on March 28, 2025, prescribing changes to Form No. 3CD. The changes shall come into force on 01-04-2025. The changes introduced in Forms are consequential of amendments proposed by the Finance (No. 2) Act 2024, such as […]
Government Introduces General Notification for Sale & Issue of GoI Securities (Including T-Bills & Cash Management Bills)
Circular No. RBI/2024-25/133 Ref.No.IDMD.2320/08.01.01/2024-25, Dated 27.03.2025 The Government of India has issued a General Notification (F.No.4(2)-B(W&M)/2018) dated March 26, 2025, for the sale and issue of Government of India Securities, including Treasury Bills and Cash Management Bills. This notification supersedes the previous ones dated March 27, 2018. Click Here To Read The Full Circular The […]
Taxmann’s Analysis | Intangible Assets Under Ind AS 38 – FRRB Observations and Guidance
This article highlights the importance of intangible assets in financial reporting under Ind AS 38, emphasising their role in company valuations and the need for accurate disclosure. Real-world cases involving major tech companies demonstrate both the benefits of proper intangible asset reporting and the risks of non-compliance, including investor scepticism and regulatory scrutiny. Key observations […]
Sale Consideration to Be Excluded From Assessee’s Income if He Was Only a Name Lender in Sale Deed | ITAT
Case Details: Vinod Nihalchand Jain Ltd. vs. ITO - [2025] 172 taxmann.com 581 (Mumbai-Trib.) Judiciary and Counsel Details Sandeep Singh Karhail, Judicial Member & Amarjit Singh, Accountant Member Ravi Dasija for the Appellant. Pravin Salunkhe, Sr.DR for the Respondent. Facts of the Case The assessee is an individual who earns income from salary, capital gains on equity shares, […]
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