The government has urged stakeholders to study the Income-tax Act, 2025, and make suggestions, which will be compiled and considered for review before final notification. The Income-tax Act, 2025, received the assent of the President in August 2025. The Act will come into effect from 1 April 2026. The corresponding Income Tax Rules and related […]
The Board said that in the proposed forms standardizsation of common information has been done across the forms with a view to reducing the compliance burden of the tax payers | Photo Credit: SIVA SARAVANAN S Income Tax Department on Saturday proposed reducing number of rules by around 35 per cent and eliminating more than […]
The Securities and Exchange Board of India (Sebi) on Thursday proposed tightening margin rules for a trading strategy in single-stock derivatives. Under the proposal, the benefit of offsetting positions across different expiries will not be available on the day of expiry for singlestock derivative contracts expiring that day. The review follows feedback from market participants […]
By David Shepardson WASHINGTON, Feb 4 (Reuters) – Major automakers on Wednesday called for changes in the Trump administration’s proposal to reform fuel economy standards, but said they back the plan to drastically slash the efficiency requirements. The Alliance for Automotive Innovation, which represents General Motors, Toyota Motor, Volkswagen, Hyundai, Ford and other automakers, backed […]
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) As federal marijuana rescheduling inches closer to reality, operators must confront a fundamental shift in how legal cannabis businesses will be regulated. Downgrading cannabis to Schedule 3 of the Controlled Substances Act signals a transition toward a federal […]
From charging residents ₹2,000-5000 for moving in or out to restricting food and parcel deliveries after 11 pm, Bengaluru’s apartment associations are facing criticism for rules that many residents describe as ‘arbitrary’ and ‘poorly explained.’ Across the city, homeowners and tenants say that they are being asked to pay fees beyond regular maintenance while also […]
Mumbai: The Securities and Exchange Board of India (Sebi) is divided over proposed conflict-of-interest rules and disclosure norms for its top leadership, according to people familiar with the matter. The concerns centre on whether Sebi can frame a code of conduct for its chairman and whole-time members, given that their selection is approved by the […]
Tiger Global’s $1.6-billion stake sale in Flipkart at the time of the Walmart-Flipkart acquisition deal in 2018 is subject to tax, the Supreme Court of India said on Thursday in what is seen as a landmark ruling on use of international tax treaties by companies. Walmart acquired Flipkart for $37 billion in 2018 in what […]
NEW DELHI: India plans to further tighten its regulation of cryptocurrency tractions and could mandate third party reporting from April 1, two people aware of the development said. FILE PHOTO: Income-tax department tracks all transactions involving domestically-located exchanges through their income-tax returns (ITRs) that have to disclose VDA-related transactions (REUTERS) It has already put over 4,500 […]