With evolving tax regulations and new judicial precedents, this year’s return filing season calls for sharper focus and informed decision-making.
In the latest #GTBharat’s PolicyCast episode, Riaz Thingna, Partner, Tax, Regulatory & Finance Consulting, highlights key updates that corporates must consider while filing ITR for FY 2024–25.
From the shift in buy-back taxation to the overhaul of the capital gains regime and withdrawal of the equalisation levy — explore what’s changed and its implications for taxpayers.
Key takeaways:
• Buy-back proceeds now taxable at shareholder level; original cost of acquisition can be claimed as capital loss
• Capital gains regime updated with new rates, holding periods, and LTCG exemption threshold of INR 1.25 lakh
• Equalisation levy withdrawn for FY 2024–25 
• Presumptive taxation introduced for non-resident cruise-ship operators 
• Recent judicial pronouncements having impact on tax computations
Listen to the full episode for expert insights.

#PolicyCast #IncomeTax #ITRFiling #CorporateTax #TaxCompliance #Podcast