Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
The Income Tax Bill, 2025 restructures the definition of "salary" through Clause 16, introducing significant organizational improvements over Section 17(1) of the Income-tax Act, 1961. The revised framework expands from 9 to 12 sub-clauses, providing clearer categorization of salary components including fees, commissions, perquisites, and profits. Key modifications include separate treatment of previously combined elements, updated references to pension schemes and provident funds, and retention of provisions for the Agniveer Corpus Fund. While maintaining fundamental taxation principles, the new structure offers enhanced clarity for employers, employees, and tax administrators through better segregation of compensation components and modernized classification systems. The changes represent an evolutionary refinement focused on improved organization rather than substantive alterations to salary taxation mechanisms.
The Income Tax Bill, 2025 restructures the definition of "salary" through Clause 16, introducing significant organizational improvements over Section 17(1) of the Income-tax Act, 1961. The revised framework expands from 9 to 12 sub-clauses, providing clearer categorization of salary components including fees, commissions, perquisites, and profits. Key modifications include separate treatment of previously combined elements, updated references to pension schemes and provident funds, and retention of provisions for the Agniveer Corpus Fund. While maintaining fundamental taxation principles, the new structure offers enhanced clarity for employers, employees, and tax administrators through better segregation of compensation components and modernized classification systems. The changes represent an evolutionary refinement focused on improved organization rather than substantive alterations to salary taxation mechanisms.
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