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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 […]
[Global IDT Insights] UAE Issues VAT Amendments Effective 01-01-2026 & Others
Editorial Team – [2025] 181 taxmann.com 762 (Article) Global IDT Insights provides a weekly snippet of tax news specifically related to Indirect Taxes from around the globe. 1. UAE Issues VAT Amendments Effective 01-01-2026 The United Arab Emirates (UAE) has issued amendments to its Value Added Tax (VAT) framework. The amendments are intended to simplify tax […]
Consumer Disputes Under the Consumer Protection Act, 2019
Consumer disputes under the Consumer Protection Act refer to legal disagreements arising between a consumer and a trader or service provider concerning unfair trade practices, defective goods, deficiency in services, overcharging, hazardous goods or services, or product liability. Such disputes are adjudicated by Consumer Disputes Redressal Commissions upon the filing of a complaint by an […]
Derivatives – Definition | Key Economic Functions | Products
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 […]
[World Tax News] Dutch Government Publishes Overview of 2026 Tax Measures and More
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 […]
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