INSIGHTS

Introduction : Thousands of students, professionals and families in India send money overseas annually to pay for tuition fees, living costs, medical care, investments, or to support family members. Remitting money abroad is not only a banking transaction, but also a reportable event under the Indian tax and foreign exchange law. The banks have the ability to withhold tax at source on such remittances and Income Tax Department is also receiving the details of such remittances

Introduction : A new tax era has begun which came into force from April 1, 2026, notified by CBDT making the most significant overhaul of direct tax in over six decades. A lot of changes have been introduced and many are kept the same just by changing sections. The new Act emerged as a restructured statute built around a single, simplified idea “Tax year” in place earlier confusing Introduction terms Like “previous Year” and assessment Year” that have been in the system for

Introduction : If you have ever found yourself in the uncomfortable position of explaining to a client why the tax authorities wanted to treat a seemingly innocuous long term lease assignment as a taxable supply, you are in good company. Developers have been complaining, and quite rightly so, that the assignment of long-term leasehold rights in industrial plots (GIDC land allotments in Gujarat, MIDC plot allotments in Maharashtra and similar rights in other states) have been

Introduction : Employee Stock Option Plans (ESOPs) are becoming an increasingly important part of the remuneration package in the start-up and technology sectors in India, as they provide employees with compensation that depends on the company's value. Unfortunately, ESOPs are also a very illiquid form of asset unless the employees are able to convert their paper gains into cash through a liquidity event. The primary liquidity options for private companies before their initia

Introduction : Startup founders and their advisors have been grappling with the implications of changes in DPIIT recognition rules during the first half of 2026, seeking to understand both what has changed and what has not. According to the notification dated 4 February 2026, the turnover threshold for recognition as a startup has been doubled, which is positively received by the growth-stage companies. However, the turnover thresholds applicable to claiming tax holiday under

Introduction : A historic transformation has taken place in the Indian economic sector after six decades. India has entered into the new regime of direct tax laws. The Income Tax Act, 2025 is a specialised law that governs the income taxes in India. It is the fundamental statutory legislation that empowers the Central Government to regulate and supervise the collection of taxes levied on individuals, business or institutional entities in the economic sector. The Income Tax Ac

Introduction : The Income tax Rules,2026 have changed the way employers approach payroll and tax compliance. Payroll is no longer restricted only to calculate the salary; Now, it requires careful verification of employee declaration, timely deduction of tax, accurate record keeping and regular reporting. In this practice, the businesses that maintain their updated payroll system are less likely to face notices, penalties and employee complaints. This Blog will discuss the ope

Introduction : India’s tax and corporate law landscape has seen significant change in the past eighteen months. The Income-tax Act, 2025 was passed by the Parliament in August 2025 and came into force on 1 April 2026, replacing the Income-tax Act, 1961 after more than six decades. At the same time, the fast-track merger route was expanded by the Ministry of Corporate Affairs, and India’s four new labour codes came into force. None of these changes occurred in a vacuum, and fo

Introduction From its inception, the Goods and Services Tax (GST) was sold politically and constitutionally as a “good and simple tax” premised on seamless input tax credit (ITC) and tax neutrality. Yet some of the most litigated provisions in the regime are precisely those that block ITC, especially Section 17(5)(c)/(d) of the Central Goods and Services Tax Act, 2017 (CGST Act). The Supreme Court’s judgment in Chief Commissioner of Central Goods and Service Tax & Ors. v. Saf

The Supreme Court dismissed a public interest litigation challenging the constitutionality of digital search and seizure powers under Section 132 of the Income Tax Act, 1961 and the corresponding Section 247 of the Income Tax Act, 2025 on March 9, 2026. Chief Justice Surya Kant’s bench refused to entertain arguments that warrantless access to cloud servers, emails, and encrypted devices violates Article 21 privacy rights, holding that existing judicial review mechanisms adequ

The Income-Tax Bill 2025 is a reform of significant magnitude and it is expected to replace the sixty-year-old Income-Tax Act 1961. The Bill was introduced in the Lok Sabha on 13 February 2025, and was drafted during a six-month period, with some 75,000 person-hours of tax officials input. Its features include to streamline the old language, to remove duplications, to reduce litigation, and to increase compliance with increased clarity and technology. The Bill thus introduces

ABSTARCT This article conducts a critical legal and policy study of India's angel tax scheme under Section 56(2) (viib) of the Income Tax...

INTRODUCTION India's fast-changing economy, characterized by faster growth and greater integration into the global economy, necessitates...

INTRODUCTION All the tax laws made by the government are important components for the economic system of every country because all the...

The recent developments and changes in the 2025 budget by Union Minister Nirmala Sitaraman have triggered major changes in the Indian...

What is start-up India? “Startup India” the leading ingenuity of the Administration of our nation, envisioned to increase the growth in...

INTRODUCTION Buybacks is a process or a mechanism where the company approaches the shareholders to buyback or repurchase the shares they...

Introduction The exemption of tax on agricultural income dates back to the colonial era when the British, acknowledging the critical role...

Introduction Cryptocurrencies have developed in the form of a revolutionary force in the financial sector across the globe, and this has...

Introduction For a long period, progress has been shadowed by tax evasion, which involves intentionally hiding income or presenting false...