Important Judicial Precedents Non-compete fee paid to restrict competition held allowable as revenue expenditure under sec. 37(1): SC [2025] 181 taxmann.com 657 (SC) Sharp Business System vs. Commissioner of Income-tax Where assessee paid a non-compete fee to restrain another party from operating in same business segment, such payment merely protected or enhanced assessee’s business profitability and facilitated more efficient conduct […]
Indirect Tax News Letter GST Calendar –Compliances for the month of December ’2025 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) January 10, 2026 GSTR-8 (Tax Collected at Source ‘TCS’) January 10, 2026 GSTR-1 January 11, 2026 IFF- Invoice furnishing facility (Availing QRMP) January 13, 2026 GSTR-6 Input Service Distributor January 13, 2026 GSTR-2B (Auto Generated Statement) […]
Japan’s MUFG Bank To Buy 20% Stake In Shriram Finance In Largest Foreign NBFC Bet Japan’s MUFG Bank will acquire a 20% stake in Shriram Finance for $4.4 billion (Around INR 39,618 crores) through a preferential allotment, marking the largest foreign investment in India’s financial services sector. Shriram Finance will issue 47.1 crore shares at INR 840.9 per share, subject […]
Brookfield REIT To Acquire Bengaluru’s Ecoworld For $1.5 Bn Brookfield India Real Estate Trust, a publicly listed entity sponsored by Brookfield, has signed an agreement to acquire 100% of Ecoworld for $1.5 billion (around INR 13,412 crores). Ecoworld is a 7.7 million sq. ft. office campus on 48 acres along Bengaluru’s Outer Ring Road, leased to global capability centers […]
GST Calendar –Compliances for the month of November ’2025 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) December 10, 2025 GSTR-8 (Tax Collected at Source ‘TCS’) December 10, 2025 GSTR-1 December 11, 2025 IFF- Invoice furnishing facility (Availing QRMP) December 13, 2025 GSTR-6 Input Service Distributor December 13, 2025 GSTR-2B (Auto Generated Statement) December 14, […]
Important Judicial Precedents Writ challenging order passed by AO under section 148A(d) maintainable despite alternate appeal remedy: HC [2025] 180 taxmann.com 207 (SIKKIM-HC) Zydus Healthcare Ltd vs. ACIT Section 246A, read with section 148A, of the Income-tax Act, 1961 – Commissioner (Appeals) – Appealable orders (Order under section 148A(d)) – Whether section 246A(1)(b) provides scope for appeal against order under section 148A(d) […]
7th Dec Due date for deposit of Tax deducted/collected for the month of October, 2025 10th Dec [Extended]* Due date for filing of return of income for the assessment year 2025-26 if the assessee (not having any international or specified domestic transaction) is (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or […]
GST in India continues to evolve, and 2025 brings several major amendments that impact pricing, billing, ITC claims, compliance, and day-to-day business operations. For companies of all sizes, staying updated with GST amendments and the latest GST news is no longer optional — it is essential for ensuring accuracy, avoiding penalties, and maintaining healthy cash flow.This guide breaks down the […]
Dubai’s Emirates NBD To Buy 60% Stake In RBL Bank For $3 Bn Dubai-based Emirates NBD (ENBD) has announced plans to acquire a 60% stake in Indian private lender RBL Bank for $3.05 billion (around INR 26,786 crores) through a preferential allotment of shares, marking the largest-ever cross-border acquisition in India’s financial sector. The transaction, subject to regulatory approvals, will […]
GST Calendar –Compliances for the month of October ’2025 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) November 10, 2025 GSTR-8 (Tax Collected at Source ‘TCS’) November 10, 2025 GSTR-1 November 11, 2025 IFF- Invoice furnishing facility (Availing QRMP) November 13, 2025 GSTR-6 Input Service Distributor November 13, 2025 GSTR-2B (Auto Generated Statement) November 14, […]