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[New Column] Taxmann’s World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse ...
12/09/2025



[New Column] Taxmann’s World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week.

Topics Covered:
• US IRS imposes $162 million in penalties for 'False Tax Credit Claims' driven by Social Media
• Malta rolls out optional 15% flat tax regime
• Switzerland Joins Multilateral Agreement on GloBE Information Exchange
• Vietnam issues decree on implementation of Pillar 2 global minimum tax rules and compliance requirements

Read the Full Column: https://taxmann.social/5d9G2 [5 Mins | Read Time]
Drafted by Taxmann’s Research & Editorial Team

Empowering Your Informed Decisions! https://taxmann.social/id9HA [7 Mins | Read Time] Stay ahead with our daily newslett...
12/09/2025

Empowering Your Informed Decisions! https://taxmann.social/id9HA [7 Mins | Read Time]

Stay ahead with our daily newsletter on Corporate Laws, designed for professionals

Join our Community of over 1,00,000+ Members and Access Content Curated by Taxmann's Editorial Board from 1,000+ Sources – https://taxmann.social/tRzS

Accurate cash flow reporting under Ind AS 7 is crucial for maintaining transparency, comparability, and fostering sta...
12/09/2025



Accurate cash flow reporting under Ind AS 7 is crucial for maintaining transparency, comparability, and fostering stakeholder trust. Yet, recurring lapses in disclosure often misstate an entity's actual liquidity position. This analysis highlights the most common pitfalls and their impact on financial reporting:
‣ Lease Interest Not Disclosed Separately
‣ Borrowings Presented on Net Basis
‣ Interest Income Mismatches
‣ OCI Losses Incorrectly Adjusted
‣ Non-Cash Expenses Overlooked
‣ Service Receivables Misclassified
‣ Tax Payments Not Reported
By addressing these issues through accurate classification and clear reconciliations, companies can strengthen their compliance, enhance transparency, and present a fair representation of their cash flows.

Download/Read More: https://taxmann.social/Sd9c2 [16 Mins | Read Time]
Authored by: Taxmann's Advisory & Research Team

The article discusses the accounting and tax treatment of Employee Stock Option Plans (ESOPs), explaining why equi...
12/09/2025



The article discusses the accounting and tax treatment of Employee Stock Option Plans (ESOPs), explaining why equity price changes are ignored in equity-settled schemes, why cash-settled schemes need constant remeasurement, and how the Income-tax Act deals with deductions and reversals. The key highlights include:
‣ Two Accounting Frameworks – Ind AS 102 and ICAI’s Guidance Note govern recognition & measurement of ESOPs
‣ Equity vs. Cash Settled ESOPs – Equity-settled plans lock fair value at grant date; cash-settled plans re-measure liability till settlement
‣ Equity Price Fluctuations – Ignored in equity-settled plans as settlement is through shares, not cash
‣ Cancellations & Settlements – Early cancellations accelerate expense recognition; buybacks reduce equity, with excess treated as expense
‣ Tax Treatment under ITA – Section 37(1) allows deduction of ESOP costs as employee remuneration; Section 41(1) taxes reversals on lapse or forfeiture
‣ Judicial Guidance – Biocon Ltd., PVP Ventures Ltd., and other rulings affirm ESOP discounts as deductible deferred remuneration

Read the Full Article for FREE! https://taxmann.social/2d9z6 [16 Mins | Read Time]
Authored by: CA Bhawna Grover – Manager & CA Shivam Gupta – Assistant Manager | Taxmann's Research & Advisory Team

[𝐍𝐞𝐰 𝐂𝐨𝐥𝐮𝐦𝐧] 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 is designed to inform you about the most significant global developments in ...
12/09/2025



[𝐍𝐞𝐰 𝐂𝐨𝐥𝐮𝐦𝐧] 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 is designed to inform you about the most significant global developments in financial reporting and auditing practices.
𝐇𝐞𝐫𝐞'𝐬 𝐚 𝐆𝐥𝐢𝐦𝐩𝐬𝐞 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐖𝐞𝐞𝐤'𝐬 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:
‣ 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐂𝐨𝐮𝐧𝐜𝐢𝐥 (𝐅𝐑𝐂)
• FRC expands guidance with new factsheets for FRS 102 preparers
‣ 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐄𝐭𝐡𝐢𝐜𝐬 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 𝐁𝐨𝐚𝐫𝐝 𝐟𝐨𝐫 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐧𝐭𝐬 (𝐈𝐄𝐒𝐁𝐀)
• IESBA issues new guidance on the use of external experts and sustainability assurance

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐂𝐨𝐥𝐮𝐦𝐧 𝐍𝐨𝐰: https://taxmann.social/bd9lx [3-Minute Read]
Prepared by 𝐓𝐚𝐱𝐦𝐚𝐧𝐧'𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐄𝐝𝐢𝐭𝐨𝐫𝐢𝐚𝐥 𝐓𝐞𝐚𝐦

From 1961 → 2025—The Transition-Ready Reference of Three Authoritative Volumes from Taxmann on the Income-tax Act 2025, ...
12/09/2025

From 1961 → 2025—The Transition-Ready Reference of Three Authoritative Volumes from Taxmann on the Income-tax Act 2025, Featuring:
‣ End-to-end Transition Coverage
‣ Backward & Reverse Mapping
‣ Judicially Defined Terms
‣ Landmark Rulings Digest
‣ Change Analytics
‣ Legislative & Departmental Context
‣ Research Efficiency

Like It? Buy Now with Free Expedited Shipping & Get a Limited Period Discount! https://taxmann.social/9d9oX

A Practitioner-oriented Handbook—with Precise, Clause-wise FAQs on Section 44AB and Mapping Every 3CA/3CB/3CD Requiremen...
12/09/2025

A Practitioner-oriented Handbook—with Precise, Clause-wise FAQs on Section 44AB and Mapping Every 3CA/3CB/3CD Requirement, Featuring:
‣ Authoritative Alignment with ICAI 2025 Guidance Note
‣ Limit on Number of Tax Audits Guidelines
‣ UDIN—What to Generate & Where to Quote
‣ Clause‑wise, Utility‑first Guidance
‣ Ready‑to‑use Engagement Letters
‣ Case-law & Guidance Note-Based Positions

Look inside the book here: https://taxmann.social/cd2Yf

Like It? Buy Now with Free Expedited Shipping & Get a Limited Period Discount! https://taxmann.social/3d9ie

The Comparative Study of the Income-tax Act 2025 vs 1961, Featuring:▸ Clause-by-Clause, Two-Column Comparison of Both Ac...
11/09/2025

The Comparative Study of the Income-tax Act 2025 vs 1961, Featuring:
▸ Clause-by-Clause, Two-Column Comparison of Both Acts
▸ Precise Mark-Up of Deletions, Modifications & Insertions
▸ Change Analysis Explaining Rationale & Practical Implications
▸ Embedded Select Committee Notes & CBDT FAQs
▸ 35+ Pages of Cross-Mapping Tables for Instant Navigation
▸ Coverage of Provisions Unique to the 2025 Act

Look inside the book here: https://taxmann.social/fdNVI

Like it? Buy now with Free Expedited Shipping & get a Limited Period Discount! https://taxmann.social/fd9u9

Make Every Day Count with Taxmann Daily! https://taxmann.social/dd9tw [18 Mins | Read Time]The crux of the most signific...
11/09/2025

Make Every Day Count with Taxmann Daily! https://taxmann.social/dd9tw [18 Mins | Read Time]

The crux of the most significant tax developments ensures you're not just updated but fully equipped to handle the intricacies easily.

Join our Community of over 1,00,000+ Members and Access Content Curated by Taxmann's Editorial Board from 1,000+ Sources – https://taxmann.social/tRzS

The Definitive Tax Audit Toolkit—Merging Clause-wise Commentary with ICAI-aligned FAQs for Complete Section 44AB Coverag...
11/09/2025

The Definitive Tax Audit Toolkit—Merging Clause-wise Commentary with ICAI-aligned FAQs for Complete Section 44AB Coverage

Like It? Buy Now with Free Expedited Shipping & Get a Limited Period Discount! https://taxmann.social/Rd08J

SEBI has introduced a new delisting framework for Public Sector Undertakings (PSUs) through the 2025 amendment to the...
11/09/2025



SEBI has introduced a new delisting framework for Public Sector Undertakings (PSUs) through the 2025 amendment to the SEBI (Delisting of Equity Shares) Regulations. The reform replaces the reverse book-building (RBB) method with a fixed-price mechanism backed by independent valuation, bringing greater clarity and predictability to the delisting process. Designed to streamline PSU exits and protect minority shareholders, the newly inserted Regulation 38B ensures transparency, fair pricing, and strong investor safeguards.

Key Highlights:
‣ Fixed-Price Process – RBB mechanism replaced with a transparent fixed-price route
‣ Fair Premium – Mandatory 15% premium over the floor price determined by valuers
‣ Eligibility Threshold – Applicable where combined Government + PSU shareholding ≥ 90%
‣ Investor Protection – Unclaimed funds held with stock exchanges for 7 years, then transferred to IEPF/IPEF
‣ Compliance Clarity – Structured procedures for valuation, shareholder approval, and fund management

Download/Read More: https://taxmann.social/bd2Uw [18 Mins | Read Time]
Authored by: CS Rachit Sharma & CS Isha Bathla | Taxmann's Advisory & Research Team [Corporate Laws]

Alert 📑Begin Your ITR Journey with Taxmann's 11th Edition of Today, We Highlight the Clubbing of Income – Practical G...
10/09/2025

Alert 📑
Begin Your ITR Journey with Taxmann's 11th Edition of

Today, We Highlight the Clubbing of Income – Practical Guide to Filing ITR in Complex Situations
Download/Read Now! https://taxmann.social/Xd2eO

The 11th Edition of is Brought to You by Taxmann.com | Practice – An AI-based Online Encyclopaedia & Ready Referencer

Link to our Previous Content from the
‣ Key Deadlines for Filing Income-tax Returns for AY 2025-26: https://taxmann.social/OdKHa
‣ Which ITR Form to File for AY 2025-26 – Complete Guide to ITR 1, 2, 3 and 4: https://taxmann.social/gdK7z
‣ New Tax Regime vs Old Tax Regime – How Section 115BAC Impacts Your Taxes: https://taxmann.social/VdZi7
‣ ITR Compliance Guide – F&O | Crypto | Section 115BBJ: https://taxmann.social/KdZFz
‣ New ITR Disclosure Rules for Tax Deductions – HRA | Education & Housing Loans | Penalty on Fake Claims: https://taxmann.social/NdCaO
‣ Filing Updated Return of Income (ITR-U) – Eligibility | Deadlines | Additional Tax: https://taxmann.social/pdVwQ
‣ ITR Reporting Requirements for AY 2025-26 – Bank Accounts | Foreign Assets | Unlisted Shares | Cryptocurrencies | Deductions: https://taxmann.social/0dVKs
‣ Income Tax Returns (ITR) – Filing & Verification | Complete Guide for Taxpayers: https://taxmann.social/sdBG0
‣ Annual Information Statement (AIS) – Your Smart Tool for Hassle-free ITR Filing: https://taxmann.social/tdNO2
‣ Capital Gains in Income Tax Returns (ITR) – AY 2025-26: https://taxmann.social/9dMPu
‣ Income-tax Refunds Made Easy – TDS | TCS | Payments | ITR Filing: https://taxmann.social/ad1RC
‣ Income-Tax Reliefs & Deductions for Individuals | Salary Arrears | HRA | Donations—Claim Your Tax Benefits Right: https://taxmann.social/Ed0zr
‣ Set-Off & Carry Forward of Losses – Income Tax Rules Made Simple: https://taxmann.social/ld0m6

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