CBDT Notification No. 161/2025, Capital Gains Accounts Scheme (Second Amendment), 2025

CA. DR. VINAY MITTAL
CA. DR. VINAY MITTAL
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Summary of CBDT Notification No. 161/2025  Notification No. 161/2025, dated 19 November 2025, issued under Section 54GA(2) of the Income-tax Act, 1961, introduces the

CBDT launches 2nd NUDGE initiative to strengthen voluntary compliance in respect of Foreign Assets

CA. DR. VINAY MITTAL
CA. DR. VINAY MITTAL
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Ministry of FinanceCBDT launches 2nd NUDGE initiative to strengthen voluntary compliance in respect of Foreign AssetsUnder the 2nd NUDGE initiative, CBDT will send SMSs and emails from 28th November 2025 to identified taxpayers with advice to volunta...

Applicability of Section 54F Where Assessee Holds a Jointly-Owned Residential Property

CA Ajay Kumar Agarwal
CA Ajay Kumar Agarwal
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Applicability of Section 54F Where Assessee Holds a Jointly-Owned Residential Property1. Introduction:-Section 54F of the Income-tax Act, 1961 grants exemption on long-term capital gains arising from the transfer of any capital asset other than a res...

Enhancing Tax Transparency on Foreign Assets & Income: Understanding CRS & FATCA

CA. DR. VINAY MITTAL
CA. DR. VINAY MITTAL
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Enhancing Tax Transparency on Foreign Assets & Income: Understanding CRS & FATCA A.               Purpose of CRS and FATCAIn this globalized economy,...

Main Features of the Four Labour Codes

CA. Ajay Kumar Agarwal
CA. Ajay Kumar Agarwal
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Main Features of the Four Labour Codes India has consolidated 29 central labour laws into 4 Labour Codes to simplify compliance, improve ease of doing business, and enhance worker protection.The four Codes are: