Form 26AS evidence requires successor-entity accounting verification after business transfer, while invoice-supported related-party advertising expend...
Money-laundering judgment timing requires awaiting the scheduled-offence decision despite continuation of the underlying trial where outcomes directly...
Accredited investor eligibility expands through securities-market exposure, while alternative investment fund disputes require prescribed resolution a...
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The government has proposed to abolish the 6% Equalisation Levy on online advertisements through amendments to the Finance Bill 2025 introduced in the Lok Sabha. This move follows last year's removal of the 2% Equalisation Levy on e-commerce transactions. The decision appears strategically timed to demonstrate an accommodative stance toward the US, which had threatened reciprocal tariffs beginning April 2. The abolition aims to address international concerns about the unilateral nature of the levy while providing greater certainty to taxpayers. Additional amendments include modifications to offshore fund investment requirements and clarifications regarding tax assessments under search and seizure provisions, specifically introducing the term "Total Undisclosed Income" to better define the scope of such proceedings.
The government has proposed to abolish the 6% Equalisation Levy on online advertisements through amendments to the Finance Bill 2025 introduced in the Lok Sabha. This move follows last year's removal of the 2% Equalisation Levy on e-commerce transactions. The decision appears strategically timed to demonstrate an accommodative stance toward the US, which had threatened reciprocal tariffs beginning April 2. The abolition aims to address international concerns about the unilateral nature of the levy while providing greater certainty to taxpayers. Additional amendments include modifications to offshore fund investment requirements and clarifications regarding tax assessments under search and seizure provisions, specifically introducing the term "Total Undisclosed Income" to better define the scope of such proceedings.
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