Central Government has revised the definition of small company w.e.f. 01.12.2025
Any company having capital less than 10 cr and turnover less than 100 cr will be a small company now.
Category: other tax in media
Delhi HC grants interim relief to Elon Musk’s Tesla in trademark dispute
Source: Business Standard | 24.11.25 The Delhi High Court on Monday granted interim relief to Elon Musk’s Tesla Inc in its trademark…
New labour codes explained: 10 types of employees who will benefit immensely from revised rules
Source: The Economic Times | 25.11.5 Four new labour codes, which consolidated 29 existing labour laws, came into effect from…
ED launches QR code-enabled summons to curb fake notices and ‘digital arrest’ scams
The Enforcement Directorate (ED) has rolled out a new QR code-based verification system for its summons in a bid to protect citizens from fraudsters impersonating its officers.
Bombay HC: Sale Of ‘Crocin’ Trademark To UK Company Is An Export, Not Liable To Maharashtra Sales Tax
In a major decision impacting cross-border intellectual property deals, the Bombay High Court has ruled that the sale of the famous pain-relief brand ‘Crocin’ to a UK company amounts to an export and is therefore not liable to Maharashtra sales tax.
US tax filings: IRS releases income tax brackets and standard deductions for 2026; here’s what has changed
The US Internal Revenue Service (IRS) have announced the new federal income tax brackets and standard deductions for 2026, offering some relief to Americans as they prepare for next year’s tax returns.
ED Offers Flipkart To Close FEMA Violation Case By Paying Penalty, Admitting Mistake
The Enforcement Directorate (ED) is learnt to have offered the option of closing a FEMA violation case against e-commerce major Flipkart if the Walmart group firm admits its mistake and pays a penalty, sources aware of the development said.
Centre files curative plea on SC’s mineral tax order
The Union government has moved a curative petition urging the Supreme Court to reconsider its July 2024 judgment that granted states the legislative authority to impose taxes on minerals and mineral-bearing land, in addition to the royalty collected by the Centre.
Tax Raids Put Spotlight on India’s Mirza Group, a Footwear Giant With Global Reach
Indian tax authorities carried out nationwide raids this week on Mirza International, one of the country’s most prominent footwear and leather companies, intensifying scrutiny of an industry long dogged by allegations of financial opacity.
Gold worth Rs 800 crore smuggled into India from LAC over 2 years: ED
An ED investigation into a gold-smuggling racket being operated across the India-China LAC has found that more than 1,000 kg of the yellow metal worth Rs 800 crore was illegally brought to India with the alleged involvement of a Chinese, some Tibetans and locals in 2023 and 2024.