9911796707
TMI BlogEvaluating the 2025 Finance Bill: Key Changes and Their ImpactX X X X Extracts X X X X X X X X Extracts X X X X ..... 25 were considered and adopted while Passing the Bill as on 25-3-2025 Legal Commentary on Government Amendments to the Finance Bill, 2025 Introduction The Finance Bill, 2025, as amended by the Government, introduces significant changes to the taxation framework in India. These amendments reflect the Government's response to evolving economic conditions and the need for clarity in tax legisl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion. Detailed Analysis 1. Amendments Related to Securities Investments Clause 3 of the Bill substitutes the existing sub-clause (b) to redefine the scope of securities held by Foreign Institutional Investors (FIIs) and investment funds. The amendment clarifies that securities investments by FIIs and specified investment funds, compliant with the Securities and Exchange Board of India (SEBI) Ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... visions, aligning with global financial practices. 3. Amendments to Income Tax Assessment Procedures The introduction of new clauses, such as Clause 40A, which amends Section 143 of the Income-tax Act, and Clause 22A, amending Section 113, reflect the Government's focus on enhancing the efficiency of tax assessments. These amendments aim to address inconsistencies in tax returns and undisclo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... egal challenges and ensuring fiscal sustainability in pension liabilities. Conclusion In summary, the Government amendments to the Finance Bill, 2025, represent a comprehensive effort to modernize India's tax framework. By addressing key issues in securities investments, offshore derivatives, tax assessments, and pension rules, the amendments aim to enhance compliance, attract foreign invest ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
