INSIGHTS

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

The Ministry of Corporate Affairs (MCA) has recently invited stakeholder feedback on permitting Multi-Disciplinary Partnership (MDP) firms in India. The consultation process, up to 30 September 2025, can bring about a revolutionary shift in professional services by making it possible for professionals from different disciplines to practice under one roof.   Now, India's regulatory environment requires chartered accountancy, company secretarial practice, law, and actuarial sci

The Insolvency and Bankruptcy Code (Amendment) Bill, 2025, is an important legislative project, which aims to optimize the insolvency regime in India. The Bill aims to alter Insolvency and Bankruptcy Code, 2016 (IBC) that was instrumental in the settlement of stressed assets since its inception in 2016 under the Lok Sabha by the Minister of Corporate Affairs. The Bill is still under consideration at parliament, where it has been sent to a standing committee to be reviewed as