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Atlys conducted its first Esop buyback worth Rs 4 crore, allowing eligible employees to sell up to 25% of their vested stock options. The scheme was open to eligible staff across all roles and teams. This comes closely after Atlys raised $36 million in a round led by Susquehanna Asia VC in March. Atlys, a visa processing platform, has carried out its first Esop (employee stock ownership plan) buyback worth Rs 4 crore, the company said in a press release. Under the scheme, eligible employees co ...Read More >
New Delhi: The new Income-tax Act and budgetary provisions, including higher STT on speculative F&O trades, lower TCS on overseas tour packages and liberalised remittance scheme for medical and education purposes, will get into force from April 1. A 20-year tax holiday for any foreign company that procures data centre services in India and new safe harbour provisions with a higher threshold for software firms will also be effective from Wednesday with the start of the 2026-27 fiscal. The Incom ...Read More >
New Delhi, Jul 9 (PTI) The Supreme Court has initiated a suo motu case over the issue of investigation agencies summoning lawyers who offer opinion or represent parties in cases and examine if they can be put to notice. A bench of Chief Justice B R Gavai and Justices K Vinod Chandran and N V Anjaria will hear the matter on July 14, when the court reopens after the summer break. The action comes in the wake of Enforcement Directorate (ED) summoning couple of senior lawyers. The probe agency, h ...Read More >
India Budget: The Union Budget 2025-26 should prioritise giving tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from ₹3 lakh to ₹5 lakh and lowering tax rates, according to Ernst & Young India (EY India), a global consulting firm. EY India also recommended delaying the tax deduction at source (TDS) on provident fund (PF) interest above ₹2.5 lakh until the withdrawal stage to reduce the compliance burden on taxpayers. Also Read: India to simplify decade ...Read More >
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