It explains calculation of taxable salary, applicable exemptions, deductions, and correct TDS rates to ensure proper tax deduction from employees’ salaries.

Circular No. 2/2019 (CBDT) clarifies the applicability of Section 56(2)(viib) of the Income-tax Act relating to taxation of share premium received by companies. It provides relief to eligible startups by specifying conditions under which such share premium will not be taxed as income, in line with government measures to support startup funding.

Circular No. 4/2019 (CBDT) clarifies the tax liability and status of Official Assignees under the Income-tax Act. It states that an Official Assignee, appointed to manage the estate of an insolvent person, is treated as a representative assessee and is responsible for complying with tax provisions, including filing returns and paying tax on behalf of the insolvent individual’s estate.

Corrigendum to F. No. 279/192/2018-IT (CBDT) is a correction issued to the original circular on TDS from salaries for FY 2018–19. It rectifies certain errors or omissions in the earlier guidelines, ensuring accurate calculation and deduction of income tax from salary under section 192 in line with the provisions of the Income-tax Act.

Circular No. 5/2019 (CBDT) enhances and clarifies the monetary limits for filing or withdrawing departmental appeals in wealth-tax cases before ITAT, High Courts, and the Supreme Court. It extends the scope of Circular No. 3/2018 by applying similar limits to wealth-tax matters, aiming to reduce unnecessary litigation and ensure that appeals are filed only in cases involving substantial tax effect.

F. No. 279/192/2018-IT (CBDT) relates to the guidelines issued for deduction of income tax from salaries under section 192 of the Income-tax Act for the financial year 2018–2019. It explains how employers should compute taxable salary, consider exemptions and deductions, apply the applicable tax rates, and deduct TDS accordingly from employees’ salaries during that year.

Circular No. 6/2019 (CBDT) gives effect to the Supreme Court’s judgments on Aadhaar–PAN linkage by clarifying that linking Aadhaar with PAN is mandatory for filing income tax returns. It also allows the use of Aadhaar in place of PAN where PAN has not yet been allotted, in line with the legal position upheld by the Supreme Court.

Issued by the Central Board of Direct Taxes, this circular extended the due date for submitting the report under Section 289 of the Income-tax Act, giving taxpayers additional time to comply with reporting requirements.

EMPLOYEES' STATE INSURANCE CORPORATION NOTIFICATION - In pursuance of powers conferred by Section 32(2) of the Code on Social Security, 2020 (36 of 2020) and Regulation 95-A of the Employees’ State Insurance (General) Regulations, 1950 read with section 164(2)(b) of the Code on social security, 2020, the Director General has fixed the 1st April, 2026 as the date from, which the medical benefit as laid down in the said Regulation 95-A shall be extended to the families of insured persons in all the areas of Kakching district of Manipur

FOOD SAFETY AND STANDARDS AUTHORITY OF INDIA NOTIFICATION

Approval of Resolution Plan - Mountview Consultancy Private Limited

Approval of Resolution Plan - SDF Industries Limited

Approval of Resolution Plan - Delcray Cables Private Limited

Approval of Resolution Plan - Rajesh Business & Leisure Hotels Private Limited

CCI approves the proposed acquisition by MAIF 4 Investments India 2 Pte. Ltd. of 42.5% of the equity share capital of Maple IM, 40.0% of the equity share capital of Maple PM and up to 37.5% of the units of Maple Trust

CCI approves acquisition of certain equity share capital of Avendus Capital Private Limited by Mizuho Securities Co., Ltd. on a fully diluted basis

CCI approves proposed merger of A1 Agri Global Limited, B.N. Agritech Limited and Salasar Balaji Overseas Private Limited into BN Agrochem Limited.

Checklist for capital reduction including court orders, extinguishment forms, listing approvals, and secretarial audits, requiring submission ten days before record date.

Checklist of documents and resolutions for share consolidation, including tribunal approval, shareholder notices, and filings required ten days before record date.

Required documentation for processing fractional share entitlements, including the specific entitlement form, RTA name confirmation, and applicable processing fees.