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Showing posts from December, 2024

An Overview of Geographical Indications in India | UJA Legal Chronicle

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Geographical Indications (GIs) contribute significantly to intellectual property (IP) law and hold great importance for many countries. Typically, a GI includes the name of a specific place that defines the origin of certain goods. The protection of GIs can be seen as joint exclusive rights granted to producers in a geographical area eligible for protection. These rights aim to safeguard their interests and help combat unfair competition. Additionally, GIs enhance the value of products and reduce the potential for  “consumer deception.” Evolution of Geographical Indications Laws In India Before 1999, there was no law in India to protect Geographical Indications. Therefore, the  Geographical Indications of Goods (Registration and Protection) Act, 1999  was enacted and came into effect on September 15, 2003. Several rules and amendments followed: The Geographical Indications of Goods (Registration and Protection) Rules, 2002 The Geographical Indications of Goods (Registrati...

Navigating International Taxation for Global Businesses | UJA Taxation Times

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In an increasingly globalized economy, businesses with cross-border operations face complex and ever-evolving international tax challenges. Effective tax planning and compliance are crucial for optimizing tax liabilities and avoiding legal pitfalls.   Understanding the Basics of International Taxation: Global Tax Jurisdictions Different countries have unique tax systems, often based on residency or source rules. Understanding where and how your income is taxed is fundamental. Residence vs. Source-based Taxation Residence-based Taxation: Taxation based on the taxpayer’s country of residence. Source-based Taxation: Taxation based on where the income is generated Permanent Establishment (PE) Rules Establishing a presence in another country can create a permanent establishment, leading to tax obligations in that jurisdiction. Want to know the full blog, click the link-  https://uja.in/blog/taxation-times/navigating-international-taxation-for-global-businesses/

Infrastructure Sector in India | UJA Market Report

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India has to enhance its infrastructure to reach its 2025 economic growth target of US$ 5 trillion . India’s population growth and economic development require improved transport infrastructure, including investments in roads, railways, and aviation, shipping and inland waterways. Shrinagar Kanyakumari Highway (NH44) is the longest highway in India. This highway connects many states and cities. The length of this highway is 4,112 km . Porbandar Silchar Highway (NH27) is the second longest National Highway in India and is part of NS-EW Corridor of NHAI. This highway passes through the states of Madhya Pradesh, Gujarat, Rajasthan, Uttar Pradesh, Bihar, West Bengal, and Assam. The length of this highway is 3,507 km . Delhi-Vadodara Expressway: On October 2, 2023 , the Prime Minister inaugurated a 5-kilometer-long stretch of the Delhi-Vadodara Expressway, developed at a cost of about Rs. 11,895 crore. Bengaluru-Mysuru Expressway: On 12 th  March , Prime Minister inaugurated 118 km...

Cyber Threat Landscape for Financial Institutions

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  Navigating the Cyber Threat Landscape for Financial Institutions In an increasingly interconnected world, financial institutions are both pillars of economic stability and prime targets for cybercriminals. As they embrace digital transformation to enhance customer experiences and operational efficiencies, the risks associated with cyber threats continue to escalate. From sophisticated ransomware attacks to pervasive phishing schemes, the landscape of cyber threats is vast and evolving, posing significant challenges for banks, credit unions, and other financial services.   Understanding this landscape is critical for financial institutions not only to protect their assets and sensitive data but also to maintain customer trust and comply with stringent regulatory requirements. This blog delves into the current threats facing financial institutions, the motivations behind cyberattacks, and strategies for effective defense. As cyber threats continue to evolve, financial institut...

India's Defence Manufacturing - From Imports to Becoming a Major Exporter

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  India's defence manufacturing sector has undergone a remarkable transformation in recent years, evolving from a nation heavily reliant on imports to one with aspirations of becoming a global defence exporter. Traditionally, India was one of the world’s largest importers of military equipment, sourcing everything from fighter jets to artillery from foreign suppliers. However, in response to growing security challenges and the need for strategic autonomy, India embarked on a journey to develop indigenous defence capabilities. This shift, driven by the " Atmanirbhar Bharat " (Self-reliant India) initiative and supported by key policy reforms, has seen India emerge as a rising player in the global defence market. Today, India is not only strengthening its own military infrastructure but is also positioning itself as a key exporter of advanced defence technologies and systems. This blog explores India’s journey from being a defence import hub to becoming a significant expo...

Taxation of Bitcoins and Cryptocurrencies in 2025

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  Cryptocurrencies like Bitcoin have become increasingly popular as both investments and means of transaction. However, their tax treatment can be complex. Understanding how cryptocurrencies are taxed is crucial to staying compliant and avoiding potential penalties. Here’s a comprehensive guide to how Bitcoin and other cryptocurrencies are taxed in 2025. In India, the taxation of Bitcoin and other virtual digital assets (VDAs) is primarily governed under Section 115BBH of the Income Tax Act, 1961, which was introduced in the Finance Act 2022. This section and its provisions outline the tax treatment of income arising from the transfer of virtual digital assets, including cryptocurrencies like Bitcoin. To know more blog insights, check the link-  https://uja.in/blog/taxation-times/taxation-of-bitcoins-and-cryptocurrencies-in-2025/ Want to more tax related latest update, give us a visit-  https://uja.in/blog/taxation-times/

Upcoming Tax Changes for 2025

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As we approach 2025, various proposed tax changes are on the horizon that could significantly impact individual taxpayers and businesses. While some of these changes are still in the discussion phase, understanding them now can help you plan effectively for the upcoming tax year. Understanding the Basics of International Taxation: - i. Standard Deduction Adjustments One of the anticipated changes is an increase in the standard deduction amounts. While specific figures have yet to be finalized, adjustments are likely based on inflation. This could provide taxpayers with greater relief and simplify the filing process for those who do not itemize. ii. Changes to Tax Brackets The IRS typically adjusts tax brackets annually to account for inflation. Taxpayers should be aware of potential changes in income thresholds for various tax rates, which could impact how much tax you owe based on your income level. iii. Corporate Tax Rates There is ongoing discussion about revisiting corporate tax ra...