The first article analyzes tax implications and reporting requirements under the Income Tax Act, 2025 (Earlier Income Tax Act, 1961), and the Black Money Act, 2015, for RSUs and ESPPs. It covers obligations during stock issuance, income generation, and disposal. Case studies illustrate penalties and compliance in real-world scenarios.
The second article is on the concept of related parties and connected persons in UAE transfer pricing. Related party is defined under article 35 of the UAE corporate tax law. It covers the concept of related parties, the criteria under which entities or individuals are classified as related parties or connected persons.
The third article is on GST reforms made in 56th GST council meeting held on 03.09.2025. It focuses on the simplification of the GST structure and the introduction of the GST authority for taxation (GSTAT). The discussions emphasized strengthening the overall GST framework, implementing changes in GST rates, and introducing a new tax rate of 40 percent applicable to specified sin goods and luxury items.
Lastly, CBDT notifications and circulars for the month of august has been included in this wiki to ensure continual updating with the latest regulatory developments.
As Income Tax Act,2025 has been enacted to replace the existing Income tax Act, 1961, which will come into effect from 01.04.2026, all the articles in this wiki have been referred to the new sections of Income Tax Act,2025.
Key Topics:
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RSUs/ESPPs to employees and its implications under Income Tax Act
and Black Money Act
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Transfer pricing in UAE – Part II
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Changes in GST in 56th council meeting
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CBDT notifications for the month of August 2025
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CBDT circulars for the month of August 2025
Key Topics:
- Income tax implications on joint development agreement
- LRS vs Remittance of Assets Regulations – A comparison under FEMA and Income Tax
- Income escaping assessment: A comparative analysis of the Income Tax Act, 1961 and the Income Tax Bill, 2025
- Major changes in Income Tax Bill, 2025 – Part I
- Transfer pricing in UAE – Part I
- Can any person be called or designated as a “director” in a company, without actually being appointed as a director to the board?
- Power of attorney holder vis-à-vis his right as an executant of a sale deed
- CBDT Notifications for the month of July 2025
- CBDT Circulars for the month of July 2025
