• March 30, 2025

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 […]

• March 29, 2025

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, […]

• March 28, 2025

Details : ​​​​​​ Publish Date : Tuesday, March 18, 2025 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1223/Seeking-stakeholders-input-for-drafting-Income-tax-Rulesand-related-forms-consequent-to-the-Income-Tax-Bill-2025.pdf source

• March 28, 2025

Master Direction No. RBI/DOR/2024-25/129 DOR.CAP.REC.No.70/21.06.201/2024-25, Dated: 25-03-2025 The Reserve Bank of India (RBI), under Section 35A of the Banking Regulation Act, 1949, has issued a Master Direction consolidating and updating guidelines for Regional Rural Banks (RRBs). It outlines prudential norms for capital adequacy, risk management, and permissible transactions. The Direction ensures all instructions are in […]

• March 28, 2025

Publish Date : Saturday, March 15, 2025 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1220/Press-Release-Clarification-on-Circular-01-of-2025-dated-15-03-2025.pdf source

• March 28, 2025

Publish Date : Tuesday, March 25, 2025 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1224/Press-Release-CBDT-notifies-amendments-in-Income-tax Rules-1962-dated-26-03-2025.pdf source

• March 27, 2025

PR No. 16/2025; Dated: 24.03.2025 Earlier, SEBI issued directions to stock exchanges with a commodity derivatives segment to suspend trading in derivative contracts for 7 agro commodities for one year. Subsequently, the suspension was extended for an additional year until December 20, 2023, and then again until December 20, 2024. The suspension was again extended […]

• March 26, 2025

Consumer Protection Act India refers to the primary legislation in India that safeguards the interests of consumers against unfair trade practices, defective products, and deficient services. Enacted initially in 1986 and later replaced by the 2019 Act, it provides mechanisms for quick and affordable resolution of consumer disputes through District, State, and National Commissions. The […]

• March 25, 2025

Notification No. S.O. 1364(E); Dated: 21.03.2025 Govt. has revised classification criteria for micro, small, and medium enterprises (MSMEs). The investment limit for micro-enterprises has been raised from Rs 1 crore to Rs 2.5 crore, and turnover from Rs 5 crore to Rs 10 crore. For small enterprises, the investment limit has increased from Rs 10 […]