Key amendments to the Income-tax Act, 1961 and the Finance Act, 2025

The Taxation Laws (Amendment) Act, 2025

The Indian government has recently passed the Taxation Laws (Amendment) Bill, 2025 in both the houses of the Parliament in order to amend the Income-tax Act, 1961 (‘the Act’) and the Finance Act, 2025. The Bill has been enacted after receiving assent of the President on August 21, 2025.

The amendments made by the Taxation Laws (Amendment) Act, 2025 (hereinafter referred to as “the Amendment Act”) mainly relate to the provisions for Standard Deduction on salaries, Unified PensionScheme, block assessment search cases and tax exemption to certain funds

Corporate Updates

Supreme Court Adopts Substance Driven Approach To Determine Incidence Of Fixed Place PE

Arbitral Award Inextricably Linked To Business Qualify As Business Income, Not Chargeable To Tax In India In Absence Of PE

Transfer Of Rights Entitlement To Shares Is Not Akin To Transfer Of Shares And Therefore Gains Therefrom Arising To A Non-resident Are Taxable Only In The Resident State Under India- Saudi Arabia DTAA

ITAT Decides On Segmental Margins And Exclusion Of Marketing Costs And Bank Charges From Segmental Profits

For The Purpose Of Claiming Exemption Under Section 54F Of The Act, Ownership Of Separate Floors Within A Single Residential Building Can Be Regarded As One Residential House

New Income Tax Bill 2025

Key Amendments To The Income-tax Act, 1961 And The Finance Act, 2025

Goods And Services Tax - Rationalised & Restructured

Highlights Of The Recently Enacted Legislation

ANNEXURE To Goods And Services Tax - Rationalised & Restructured

Last Update 02/10/2025