Govt sends JPC queries to EC for inputs on cost, logistics & impact of simultaneous polls, ET LegalWorld
Can the country return to elections with ballot paper? What’s the cost-benefit of one-nation-one-election (ONOE)? How many phases will be required to hold nationwide simultaneous elections and what will be the effect of model code of conduct imposed for such polls on the economy, foreign direct investment and development? How does the expenditure on polls […]
Confused as how GST hike on used car will work? Here’s how a higher GST of 18% will impact individuals and businesses, ET LegalWorld
The GST council has recommended an increased 18% GST rate on the margin value of used car sales for specified petrol vehicles with 1200 cc or more, diesel vehicles with 1500 cc or more, and all EVs. The GST council also did not specify any new reverse charge liability or liability to tax on vehicles […]
Know how T+0 settlement will impact mutual fund and stock investors, ET LegalWorld
From January 31, 2025, for the top 500 stocks in India, investors will start getting an option to have T+0 settlement in systematic manner. Moreover, stockbrokers have been permitted to charge differential brokerage for consumers opting for T+1 and T+0 settlement of shares. Securities and Exchange Board of India (SEBI) said that this decision was […]
Experts hail push for equality, Caution on PSU impact, ET LegalWorld
The Supreme Court has held that the principle of equal treatment of parties applies at all arbitration proceedings, including the appointment stage of arbitrators. Non-prohibition on empanelling potential arbitrators The Top Court observed that the Arbitration Act does not prohibit Public Sector Undertakings from empanelling potential arbitrators. However, an arbitration clause cannot mandate the other […]
Supreme Court verdict today could impact your future flight costs, ET LegalWorld
The Supreme Court on Friday, at 10:30 am, will announce its decision on powers of Airports Economic Regulatory Authority (AERA) to regulate tariffs for non-aeronautical services, such as ground handling charges. This verdict is expected to significantly affect the fees passengers pay for airport services, potentially influencing overall flight costs. The case revolves around AERA’s […]
SC questions impact on marriage, petitioner argues it’s personal, not institutional, ET LegalWorld
Supreme Court on Thursday sought to know if criminalisation of marital rape can destabilise the “institution of marriage”. CJI DY Chandrachud-headed bench also asked petitioners whether striking down the legal exception that prevents wives from prosecuting their husbands on charge of rape would lead to constitution of a separate offence. In response, senior advocate Karuna […]
Legal experts weigh in on DPDP Act’s impact on online gaming sector, ET LegalWorld
On October 1, The All-India Game Developers’ Forum (AIGDF), in partnership with the Indian Governance and Policy Project (IGAP) has released their report titled “Anticipated Impact of the Digital Personal Data Protection Act, 2023 on the Online Gaming Sector.” The report offered recommendations on crucial clarifications and potential exemptions for gaming, especially concerning parental consent, […]
Sebi extends timeline for social enterprises to submit annual disclosures, impact report, ET LegalWorld
Markets regulator Sebi on Monday extended the timeline to January 2025 for social enterprises, which have registered or mobilised funds through social stock exchange, to submit annual disclosures and ‘annual impact report’ for the financial year 2023-24. Social enterprises were required to make annual disclosures and submit ‘annual impact report’ to the Social Stock Exchange […]
SC favours tax department in case that will impact fate of 90,000 income tax notices, ET LegalWorld
In a big win for the tax department, the Supreme Court ruled on Thursday that the Income Tax Act must be interpreted with the amended provisions effective after April 1, 2021. This decision will impact approximately 90,000 reassessment notices, as clarified by the court. The ruling stems from the case involving Ashish Agarwal and confirms […]
What it is all about & how it will impact taxpayers, ET LegalWorld
A precedent-setting verdict by the Supreme Court on October 3 handed the Income Tax department a major victory in a landmark case that was essentially a tax war over old and news laws. Here follows a low-down on what the case was all about and how the ruling will impact a significant number of individuals […]