Day: September 8, 2025
Income Tax Department had issued an advisory on new time limit for filing TDS/TCS correction returns as per Income Tax Act 2025 which reduced time limit to two years from six years. The Finance Act (No. 2), 2024, has amended Section 200(3) and Section 206C(3B) of the Income-tax …
Provision for discount allowed as expenses as it had been discharged fully in the subsequent Assessment Year. In a recent judgment, the Karnataka High Court upheld the allowance of provision for discount following the matching principle as it had been discharged fully in the subsequent Assessment Year. ABCAUS …
Startup companies may now amalgamate/merge with unlisted companies – The Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2025 The MCA has notified the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2025 to amend 2016 Rules. Rule 25 related to merger or amalgamation of certain companies has been modified …
