New National Security & Health Cess Act Enforced from February 2026 Official Enforcement Date The Central Government has officially notified that the provisions of the Health Security se National Security Cess Act, 2025 will come into force starting February 1, 2026. Legislative Background This enforcement follows Notification No. F. No. 25014/2/2025-DS(ST)-DOR(Pt.5) issued by the… Read More »
Extension Of Licence of IFSC GIFT City Gujrat INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 24th December, 2025 F. No. IFSCA/India ICC/Renewal/2025-26.—The International Financial Services Centres Authority, having considered the application for grant of renewal of recognition under Regulation 12 of the International Financial Service Centres Authority (Market Infrastructure Institutions) Regulations, 2021 by India… Read More »
International Financial Services Centres Authority (Global In-House Centres) Regulations, 2025 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 24th December, 2025 International Financial Services Centres Authority (Global In-House Centres) Regulations, 2025. F. No. IFSCA/GN/2025/012.— In exercise of the powers conferred by sub-section (1) of Section 28, read with sub-section (1) of Section 12 of the… Read More »
Amendment In Notification No. 19/2025- Union Territory Tax (Rate) NOTIFICATION New Delhi, the 31st December, 2025 No. 19/2025- Union Territory Tax (Rate) G.S.R. 948(E).—In exercise of the powers conferred by sub-section (1) of section 7 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017) and sub-section (5) of section 15 of… Read More »
Notification u/s 35(1)(ii) of the Income Tax Act, 1961 in the case of Cancer Institute (W.I.A), Chennai MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th December, 2025 S.O. 6101(E).—In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act,… Read More »
Frequently Asked Questions (FAQs) on Machine-Based levy in case of Chewing Tobacco, Jarda Scented Tobacco and Gutkha Posted On: 01 JAN 2026 11:32AM by PIB Delhi What are the effective duty rates of central excise on tobacco and tobacco products? The effective duty rates on tobacco and tobacco products have been notified vide notification No. 03/2025-Central… Read More »
Carry Forward of Demerger Losses: Section 72A(4) Applies; PCIT’s Revision Based on Amalgamation Conditions u/s 72A(2) Held Invalid ISSUE Whether the Principal Commissioner of Income Tax (PCIT) was justified in invoking revisionary jurisdiction under Section 263 by applying the conditions of Section 72A(2) (which requires the transferor entity to exist for 3+ years) to… Read More »
Transfer Pricing: Re-characterization of Software Developer as ‘Contract R&D Provider’ Rejected; BAPA and Past TPO Orders Confirm ‘Software Development’ Status ISSUE Whether the Transfer Pricing Officer (TPO) was justified in re-characterizing the assessee as a “Software Research/R&D Service Provider” (instead of a “Software Development Service Provider”) based on US tax documents, despite a signed Bilateral… Read More »
Addition u/s 56(2)(vii)(b) Deleted: Allotment Letter Treated as Valid ‘Agreement’ for Determining Stamp Duty Value Date ISSUE Whether an Allotment Letter issued by a builder can be treated as an “Agreement” for the purpose of the proviso to Section 56(2)(vii)(b), allowing the assessee to adopt the Stamp Duty Value (SDV) on the date of… Read More »
Key amendments in PFRDA (Exits and Withdrawals under the NPS) Regulations, 2015 Amendments primarily aimed at the non-government sector, also rationalize provisions for government sector Measures to provide subscribers greater flexibility, choice and autonomy in investment decisions and aid managing accumulated pension wealth Posted On: 19 DEC 2025 8:16PM by PIB Delhi In furtherance of… Read More »