Taxmann's Advisory & Research

#TaxmannAnalysis #UnionBudget #Budget2025 At Taxmann, we are dedicated to providing insightful analysis and expert recommendations that contribute to shaping India’s legal and economic framework. With decades of expertise, we have become a trusted source for authoritative guidance and comprehensive solutions in tax and finance. As part of our ongoing commitment to bridging gaps in the law, we are releasing a comprehensive document this year that outlines 100+ recommendations and stakeholder expectations for the upcoming Union Budget. Download the Detailed Document from Taxmann! https://lnkd.in/dWNr_7Fq [60 Mins | Read Time] #TaxmannUpdates #TaxmannBudget #IncomeTax #GST #Customs

#TaxmannAnalysis #SEBI SEBI has released a consultation paper proposing key amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The amendments aim to mandate the dematerialisation of securities for certain corporate actions, reducing risks like fraud, loss, and delays associated with physical certificates. This article explores several key focus areas, including: ‣ Benefits of Dematerialisation ‣ Proposed Amendments to Mandate Dematerialisation in Case of Corporate Actions ‣ Proposed Eliminating Redundant Provisions in LODR Regulations Download/Read More: https://lnkd.in/d-Td6cQD [4 Mins | Read Time] Drafted by Taxmann's Advisory and Research Team | Corporate Laws #TaxmannUpdates #TaxmannAdvisory #LODRRegulations #Dematerialisation #Corporate

#TaxmannAnalysis #IndirectTaxRulings The year 2024 witnessed several landmark judgments that reshaped the indirect tax landscape. Our editorial team meticulously analysed over 3,000 judgments reported on Taxmann.com, covering a wide spectrum of indirect tax law issues. This article highlights the top 25 landmark rulings delivered by various courts and tribunals, showcasing the most impactful and precedent-setting judgments. These cases address diverse topics, including the eligibility of Input Tax Credit (ITC) on immovable properties critical to business operations, interest liabilities under GST, the validity of procedural provisions, and jurisdictional challenges under the CGST Act. Each case offers nuanced legal interpretations that redefine tax compliance and governance. Download/Read More: https://lnkd.in/dAvE84Ta [30 Mins | Read Time] Authored by Taxmann's Advisory and Research Team | Indirect Tax #TaxmannUpdates #TaxmannAdvisory #IndirectTax #GST #CaseLaws

#TaxmannAnalysis #CorporateLawRulings The year 2024 witnessed pivotal judgments that reshaped the landscape of India's corporate, constitutional, and competition laws. These landmark rulings addressed intricate legal challenges, set transformative precedents, and clarified critical aspects of law interpretation and application. This article highlights 25 landmark rulings delivered by the judiciary and regulatory bodies in 2024, offering concise summaries of each. As we move into 2025, these judgments are set to influence legal practices, enhance regulatory compliance, and ensure greater transparency and accountability across diverse sectors. Download/Read More: https://lnkd.in/dgdx2sf9 [54 Mins | Read Time] Authored by Taxmann's Advisory and Research Team | Corporate Laws #TaxmannUpdates #TaxmannAdvisory #CorporateLaw #CaseLaws

#TaxmannAnalysis #SEBI The article discusses SEBI's ground-breaking introduction of Specialized Investment Funds (SIFs), a new category of investment vehicles designed to bridge the gap between mutual funds and Portfolio Management Services (PMS). It provides a detailed breakdown of how SIFs offer advanced strategies, professionally managed portfolios, and access to diverse asset classes—all with a more accessible Rs 10 lakh minimum investment. Key highlights of the article include: ‣ 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐭𝐨 𝐒𝐈𝐅𝐬 – Understanding the rationale and benefits of SEBI’s innovative investment category ‣ 𝐂𝐨𝐦𝐩𝐚𝐫𝐢𝐬𝐨𝐧 𝐰𝐢𝐭𝐡 𝐌𝐮𝐭𝐮𝐚𝐥 𝐅𝐮𝐧𝐝𝐬 𝐚𝐧𝐝 𝐏𝐌𝐒 – How SIFs provide a middle ground by offering flexibility, diversification, and affordability ‣ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 𝐚𝐧𝐝 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 – The regulatory structure of SIFs, including their adherence to mutual fund regulations and additional certification requirements for fund managers ‣ 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐈𝐧𝐬𝐭𝐫𝐮𝐦𝐞𝐧𝐭𝐬 – A detailed list of eligible assets, such as real estate, gold, silver, and infrastructure assets, making SIFs versatile ‣ 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐑𝐞𝐬𝐭𝐫𝐢𝐜𝐭𝐢𝐨𝐧𝐬 – Key limitations on ownership in companies, debt instruments, REITs, and InvITs to ensure diversification and risk management ‣ 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐟𝐨𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 – Illustrative examples highlighting how SIFs empower investors with sophisticated yet accessible investment opportunities ‣ 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐎𝐯𝐞𝐫𝐬𝐢𝐠𝐡𝐭 – Insights into how SEBI ensures compliance, transparency, and market stability through SIF regulations Download/Read More: https://lnkd.in/duXAkqqR [5 Mins | Read Time] Authored by Taxmann's Advisory and Research Team | Corporate Laws #TaxmannUpdates #TaxmannAdvisory #MutualFunds #PMS #Investment #SpecialisedInvestmentFunds

#TaxmannAnalysis #DirectTaxRulings The year 2024 witnessed ground-breaking judgments that redefined the contours of India's direct tax landscape. These rulings addressed complex legal uncertainties, set significant precedents, and clarified critical aspects of tax law interpretation and application. This article highlights the top 20 landmark rulings delivered by various courts and tribunals in 2024, offering concise summaries of each. As we step into 2025, these judgments are poised to shape tax practices and litigation, fostering a more equitable and transparent taxation framework. Download/Read More: https://lnkd.in/dx5sEHmB [49 Mins | Read Time] Authored by Taxmann's Advisory and Research Team | Direct Tax #TaxmannUpdates #TaxmannAdvisory #IncomeTax #CaseLaws

#TaxmannAnalysis #GSTCouncilMeeting The 55th GST Council meeting was held in Jaisalmer on 21st December 2024. The Council primarily focused on resolving long-pending issues and providing critical clarifications, including easing compliance, rationalizing rates, and facilitating trade. Key recommendations include the following: ‣ Retrospective Amendment Restricting Input Tax Credit on Construction Expenses, Overturning the Supreme Court's Safari Retreats Ruling ‣ Recommendation to Increase GST Rate to 18% on Sale of All Old and Used Vehicles, Including Electric Vehicles (EVs) ‣ Removal of Reverse Charge on Sponsorship Services to Simplify Compliance ‣ Reduction in Cess for Merchant Exporters to Lower the Cost of Doing Business ‣ Clarity Introduced on Voucher Taxation ‣ Exemptions Provided for Small Transaction Fees by Payment Aggregators ‣ Simplified Registration Processes for Small Businesses ‣ Inclusion of Input Matching System (IMS) Provisions in GST Legislation, Impacting Compliance Dynamics ‣ Retrospective Amendment Aligning Tax Treatment of SEZ/FTWZ Warehousing Transactions with Customs Bonded Warehouses for Consistency Download/Read More: https://lnkd.in/db5maT6a [60 Mins | Read Time] Authored by Taxmann's Advisory and Research Team | Indirect Tax #TaxmannUpdates #TaxmannAdvisory #GSTITC #GSTRates #GSTCompliance

#TaxmannAnalysis #SEBI SEBI, in its 208th board meeting held on December 18, 2024, approved a series of amendments to strengthen the regulatory framework, improve transparency, and enhance governance across various sectors. This article analyses the key approvals made by the Board, which include: ‣ 𝐒𝐭𝐫𝐢𝐜𝐭𝐞𝐫 𝐍𝐨𝐫𝐦𝐬 𝐟𝐨𝐫 𝐒𝐌𝐄 𝐈𝐏𝐎𝐬 – Aimed at improving transparency in the SME listing process ‣ 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 𝐟𝐨𝐫 𝐇𝐢𝐠𝐡-𝐕𝐚𝐥𝐮𝐞 𝐃𝐞𝐛𝐭 𝐋𝐢𝐬𝐭𝐞𝐝 𝐄𝐧𝐭𝐢𝐭𝐢𝐞𝐬 – Ensuring better oversight and compliance ‣ 𝐄𝐱𝐩𝐚𝐧𝐝𝐞𝐝 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧 𝐨𝐟 '𝐔𝐏𝐒𝐈' – Introducing threshold limits to refine the scope of Unpublished Price Sensitive Information ‣ 𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐢𝐞𝐝 𝐄𝐒𝐆 𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞𝐬 – Revising BRSR requirements for ease of reporting ‣ 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐟𝐨𝐫 𝐌𝐞𝐫𝐜𝐡𝐚𝐧𝐭 𝐁𝐚𝐧𝐤𝐞𝐫𝐬 – Raising compliance standards to foster trust ‣ 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧𝐞𝐝 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 𝐟𝐨𝐫 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐳𝐞𝐝 𝐃𝐞𝐛𝐭 𝐈𝐧𝐬𝐭𝐫𝐮𝐦𝐞𝐧𝐭𝐬 – Providing clarity and improving investor safeguards ‣ 𝐀𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭𝐬 𝐭𝐨 𝐌𝐮𝐭𝐮𝐚𝐥 𝐅𝐮𝐧𝐝 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 – Facilitating ease of doing business in the mutual fund industry ‣ 𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐢𝐞𝐝 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐝𝐢𝐚𝐧𝐬 – Streamlining regulatory obligations for custodians ‣ 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐨𝐧 𝐨𝐟 𝐑𝐢𝐬𝐤 𝐕𝐞𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐀𝐠𝐞𝐧𝐜𝐢𝐞𝐬 – Promoting transparency and risk mitigation ‣ 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐟𝐨𝐫 𝐀𝐈 𝐓𝐨𝐨𝐥𝐬 𝐚𝐧𝐝 𝐃𝐚𝐭𝐚 𝐏𝐫𝐢𝐯𝐚𝐜𝐲 – Mandating regulated entities to prioritize data protection and responsible AI use ‣ 𝐌𝐚𝐧𝐝𝐚𝐭𝐨𝐫𝐲 𝐄-𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 – Requiring listed entities to ensure digital payments to security holders ‣ 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐑𝐄𝐈𝐓𝐬 𝐚𝐧𝐝 𝐈𝐧𝐯𝐈𝐓𝐬 – Strengthening measures to safeguard investors' interests These decisions reflect SEBI's commitment to fostering robust governance and investor confidence across financial markets. Download/Read More: https://lnkd.in/dCw5Fxwx [13 Mins | Read Time] Drafted by Taxmann's Advisory and Research Team | Corporate Laws #TaxmannUpdates #TaxmannAdvisory #IPO #MutualFund #UPSI #Investors #REITs #InvITs

#TaxmannAnalysis #SEBI On December 12, 2024, SEBI introduced significant amendments to the LODR Regulations, 2015, focusing on enhancing corporate governance, simplifying compliance, and ensuring greater transparency among listed entities. These measures ensure stronger governance and timely compliance across the corporate ecosystem. The key amendments include: ‣ Exemptions for Certain Related Party Transactions ‣ Strengthening the Role of Compliance Officers ‣ Clarifications on Board Appointments and Age-Related Criteria for Non-Executive Directors ‣ Board and Audit Committee Meeting Requirements ‣ Mandating Peer-Reviewed Secretarial Audits ‣ Enhanced Disclosure Timelines for Financial Results and Board Decisions ‣ Updated Protocols for AGM Notices ‣ Web-Linking Annual Reports ‣ Reduced Timelines for Record Date Notifications ‣ Expanded Transparency Obligations for Listed Entities Download/Read More: https://lnkd.in/dWmyiZpn [23 Mins | Read Time] Drafted by Taxmann's Advisory and Research Team | Corporate Laws #TaxmannUpdates #TaxmannAdvisory #LODRRegulations #ListedEntities #RPTs

#TaxmannAnalysis #SEBI On December 12, 2024, SEBI introduced significant amendments to the LODR Regulations, 2015, focusing on enhancing corporate governance, simplifying compliance, and ensuring greater transparency among listed entities. These measures ensure stronger governance and timely compliance across the corporate ecosystem. The key amendments include: ‣ Exemptions for Certain Related Party Transactions ‣ Strengthening the Role of Compliance Officers ‣ Clarifications on Board Appointments and Age-Related Criteria for Non-Executive Directors ‣ Board and Audit Committee Meeting Requirements ‣ Mandating Peer-Reviewed Secretarial Audits ‣ Enhanced Disclosure Timelines for Financial Results and Board Decisions ‣ Updated Protocols for AGM Notices ‣ Web-Linking Annual Reports ‣ Reduced Timelines for Record Date Notifications ‣ Expanded Transparency Obligations for Listed Entities Download/Read More: https://lnkd.in/dWmyiZpn [23 Mins | Read Time] Drafted by Taxmann's Advisory and Research Team | Corporate Laws #TaxmannUpdates #TaxmannAdvisory #LODRRegulations #ListedEntities #RPTs