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Industry Story

Discover key industry developments with views shared by our experts on significant events and trends shaping the legal landscape and its impact on the businesses.

21 December 2022

What amended competition law will mean for businesses

Discover how proposed amendments to the Competition Act may benefit businesses in research sectors like pharmaceuticals and automotive by leveraging patents and trademarks.

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20 December 2022

Amended competition law to help business with patents

Discover how proposed amendments to the Competition Act may benefit businesses in research-driven sectors like pharmaceuticals and automotive leveraging patents and trademarks.

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19 December 2022

Delhi High Court to Decide On Insolvency Law's GST Problem

The Delhi High Court will review the GST department's authority to deny input tax credit to customers of insolvent entities, impacting insolvency law interpretations.

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15 December 2022

Report says most countries with strong gaming sector levy taxes on gross revenue

Explore how nations with strong gaming industries tax Gross Gaming Revenue (GGR) and its implications for online gaming trends.

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14 December 2022

Cartels may get to settle cases without admitting offence

Businesses accused of cartel behavior may settle with the CCI by paying fees, pending government approval.

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09 December 2022

Govt may revise offshore M&A regulation threshold

The government plans to revise the ₹2,000 crore threshold for CCI approval on offshore M&A to be less restrictive for investors.

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05 December 2022

Drawing parallels at the intersection – CCI and anti-profiteering

Explore the intersection of CCI and anti-profiteering as we analyze GST's impact on pricing and consumer benefits.

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05 December 2022

Higher Retirement Savings Soon? Govt May Increase Wage Limit For EPF Contribution To Rs 21,000

The government may soon raise the EPF contribution wage limit to Rs 21,000, boosting retirement savings.

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03 December 2022

What will happen to your EPF, EPS if govt hikes PF wage limit to Rs 21,000?

Discover the implications of the proposed EPF wage limit hike to Rs 21,000 on your contributions and retirement benefits.

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30 November 2022

Supreme Court Changes Tax Relationship Between Airlines And Their Agents

A recent Supreme Court ruling mandates airlines to deduct tax on agents' supplementary commissions, impacting ticket sales and compliance.

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29 November 2022

Centre brings 15 additional departments under ED’s info-sharing arrangement

The Finance Ministry has expanded the Enforcement Directorate's information-sharing network, adding 15 departments to enhance oversight of commercial transactions in India.

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23 November 2022

Rising growth concerns take toll on company registrations

Discover the decline in company registrations amid growth concerns and its impact on entrepreneurship and investment in India.

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23 November 2022

Centre issues easier rules on asset valuation entities

The Ministry of Corporate Affairs updates asset valuation rules to enhance business ease and clarify standards for corporate transactions.

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23 November 2022

SC dismisses GUVNL's appeal for termination of PPA with Lanco Infratech

The Supreme Court upholds the tribunal's decision, rejecting GUVNL's appeal to terminate the PPA with Lanco Infratech, ensuring continuity for the Bhadrada Solar Project.

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22 November 2022

Supreme Court to have special bench on Wednesdays, Thursdays to hear tax cases

The Supreme Court establishes a special bench on Wednesdays and Thursdays to exclusively address tax cases, enhancing efficiency in legal proceedings.

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21 November 2022

Digital Personal Data Protection Bill skirts key issues

Explore key gaps in the Digital Personal Data Protection Bill, 2022, including device regulation and data localization concerns.

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19 November 2022

Over 51,600 companies being removed from records

Over 51,600 companies are being removed for non-compliance with annual return filings.

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17 November 2022

Airlines responsible for TDS on supplementary commission paid to travel agents: SC

The Supreme Court upholds the Delhi High Court ruling, holding airlines accountable for TDS on supplementary commissions to travel agents.

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12 November 2022

SEBI tweaks takeover code to facilitate disinvestment of PSUs

SEBI's recent amendments to the takeover code aim to streamline PSU disinvestment by unlinking open offer prices from 60-day trading volumes.

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11 November 2022

IBBI rescinds 11 circulars found to be no longer required

IBBI rescinds 11 circulars, streamlining processes as their provisions are covered by regulations.

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10 November 2022

Can you change income tax regimes while filing revised ITR?

Discover if you can switch tax regimes when filing a revised ITR. Learn your options before the Dec 31 deadline.

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09 November 2022

Fixing domestic bankruptcy regime gets top policy priority

Revamping India’s bankruptcy regime focuses on IBC amendments for faster resolutions and better outcomes.

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05 November 2022

Govt not to waive fees on late filing  of company  documents

The corporate affairs ministry denies waivers on late filing fees, citing post-pandemic stability.

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04 November 2022

GST levy on land. MP High Court asks BDA to analyse whether GST deserves to be levied on developed plot

Explore the MP High Court's ruling on GST levies for developed plots and insights from the BDA.

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03 November 2022

New ITR form seeks more data, need to relearn e-filing: Experts

Discover CBDT's new draft common IT return form, simplifying tax filing for all taxpayers.

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03 November 2022

Govt strengthens role of resolution professionals

IBBI strengthens the framework for resolution professionals with codified regulations, enhancing oversight and compliance in insolvency.

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03 November 2022

IBBI amends regulations to strengthen oversight of bankruptcy professionals

Explore IBBI's new regulations to improve oversight of bankruptcy professionals and enhance compliance.

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29 October 2022

Large educational trusts at risk of losing tax exemption

Explore how recent Supreme Court rulings may affect tax exemptions for large educational trusts and the restructuring needed.

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20 October 2022

GST Council meeting delayed to November-December

The GST Council meeting is postponed to Nov/Dec due to pending reports and upcoming elections.

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05 October 2022

Regulation of IP Corporate Insolvency: IPEs allowed to enrol as “professional member” of IPAs

Discover how IBBI's recent amendments allow Insolvency Professional Entities to join IPAs, enhancing corporate insolvency resolution.

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27 September 2022

GST body to act against top online gaming firms

GST authorities target leading online gaming firms in India after a notice to Gameskraft Technology for tax misclassification.

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23 September 2022

India Gaming Summit 2022 Highlights: ‘Important to train more people and engage with global talents’

Discover key insights from the India Gaming Summit 2022, emphasizing talent training and global expert engagement in the booming gaming industry.

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20 September 2022

IBBI move on part sale of stressed firms to boost recovery: Analysts

Discover how IBBI's new guidelines on part sales of stressed firms can enhance recovery and expedite toxic asset resolution.

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08 September 2022

Insolvency resolution: Lenders can’t secure own dues at the cost of statutory ones, says SC

The Supreme Court rules that insolvency plans must prioritize statutory dues over lenders' interests.

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08 September 2022

Atal Pension Yojana: Income taxpayers cannot join from October 1. Can subscribers still claim deduction?

Section 80C & 80CCD(1) deductions are capped at Rs 1.5L, so APY can’t be claimed if 80C limit is full.

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07 September 2022

Will your APY contribution get income tax deduction once subscription closes for income tax payers?

Understand the implications of the government's decision on APY contributions and tax deductions for investors post-October 1, 2022.

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06 September 2022

GST on Online Gaming: GoM to tax casinos, gaming and horse racing separately

Stay informed about the GoM's decision to tax online gaming, casinos, and horse racing separately for a clearer GST framework.

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31 August 2022

Stressed  companies may  get to issue shares at a discount for funds

Discover how proposed Companies Act amendments may let distressed firms issue discounted shares for recovery.

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25 August 2022

You can get LTCG tax exemption on equity, mutual funds in these cases even if STT is zero

Explore LTCG tax exemption eligibility for equity and mutual funds, even if STT is zero, to maximize tax benefits.

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24 August 2022

SC says 2016 Benami act tweak will not apply retrospectively

The Supreme Court rules that the 2016 amendments to the Benami Act won't apply retrospectively, deeming some provisions unconstitutional.

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24 August 2022

SC scraps criminal provisions under benami law

The Supreme Court's ruling invalidates the 2016 benami law amendment's retrospective application, offering relief from past penalties.

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24 August 2022

Supreme Court strikes down provision of 1988 Benami law

The Supreme Court invalidates a provision of the 1988 Benami Transactions Act, affecting past cases.

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24 August 2022

Interpretation of PMLA Section 8(4) leaves scope for arbitrary application, says CJI-led bench

Explore the Supreme Court's interpretation of PMLA Section 8(4) and its implications for property attachment under anti-money laundering laws.

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03 August 2022

Windfall tax: Frequent changes create uncertainty for Indian oil producers

Recent windfall tax revisions on Indian oil producers create uncertainty; experts call for clarity on fund use and support for low-income groups.

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28 July 2022

Do or Don’t do – ‘Wages’ definition will impact the take-home salary -

Stay updated on India's labor codes and how the new 'wage' definition affects employers and employees.

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25 July 2022

SEZs in new avatar: Units to get slew of tax and other sops

Discover the DESH Bill, offering tax incentives and reforms to attract investment in customs-bonded zones.

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19 July 2022

You may end up getting income tax notice if this document is filled with error

Ensure your income tax return matches the AIS to avoid notices from the tax department for discrepancies.

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16 July 2022

CBDT aims to add 12% more tax return filers this fiscal

The CBDT aims to increase tax return filers by 12% this fiscal year, utilizing data analytics and market insights to identify non-filers effectively.

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15 July 2022

Oversight of insolvency professionals gets tighter

The Insolvency and Bankruptcy Board of India tightens oversight of insolvency professionals, enhancing compliance and transparency in managing insolvent firms.

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07 July 2022

Transfer of business in setting up stage: Whether exempt under GST?

Explore the nuances of GST exemptions for businesses in the setup stage and understand the implications of transferring a business on a going concern basis.

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