Chartered accountant associations and tax lawyers have urged the government to extend income tax return (ITR) and audit deadlines for the assessment year (AY) 25-26, citing ongoing issues with the e-filing portal and delays in form releases.
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The board has also set up a buyback committee comprising the chief financial officer, the chief legal officer, the chief compliance officer, and the company secretary. The record date for identifying eligible shareholders will be announced later.
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The Bombay High Court’s Goa bench has ruled that GST is not applicable to construction services under a JDA once the developer gains property ownership through conveyance. This decision resolves a dispute over the timing of GST taxation in JDAs,…
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Indian businesses are adapting to US tariffs. Festive season demand and GST changes may help. Companies are focusing on local sales and new supply chains. MSMEs are exploring other markets. Banks expect increased lending to MSMEs. Sectors like textiles and…
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General and life insurers are seeking GST relief from the finance ministry on commissions for health and life insurance products. They argue that commissions are procurement costs embedded in premiums and should be exempt, similar to reinsurance commissions.
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Oracle’s shares surged by 36%, adding $244 billion to its market cap after projecting substantial cloud infrastructure revenue growth, potentially reaching $144 billion by fiscal 2030. This rally briefly elevated Larry Ellison’s wealth, nearing Elon Musk’s.
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