EY Proposes Major TDS Simplification in Budget 2026 Recommendations
Ernst & Young has recommended a major overhaul of India's TDS framework for Budget 2026, proposing to consolidate 37 existing provisions into 3-4 simplified categories. The firm seeks elimination of 0.1% TDS on GST-covered transactions, citing adequate digital tracking through existing GST systems. EY argues the current complex structure creates unnecessary compliance burdens, disputes, and costs for businesses without enhancing revenue collection or oversight effectiveness.
Eyantra Ventures Limited reported mixed Q1 financial results. Standalone net profit decreased to Rs 5.58 crore from Rs 81.19 crore YoY, but revenue grew 187% to Rs 1,422.11 crore. Consolidated results showed a net loss of Rs 342.62 crore, compared to a profit of Rs 81.62 crore last year, despite a 229% revenue increase to Rs 1,956.41 crore. The company announced an Employee Stock Option Scheme, appointed a Secretarial Auditor, and scheduled its 40th Annual General Meeting for September 30, 2025.
31Jul 25
Eyantra Ventures to Hold Board Meeting on August 7 for Q1 Results and ESOP Scheme
Eyantra Ventures Limited has scheduled a board meeting for August 7, 2025, to review Q1 financial results and consider an Employee Stock Option Scheme. The company has closed its trading window from July 1 to August 9, 2025, in compliance with regulatory requirements. The meeting will address standalone and consolidated unaudited financial results for the quarter ended June 30, 2025, and discuss the potential implementation of an ESOP scheme subject to shareholder approval.