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1. Introduction: Major Overhaul in Meal Perquisite TaxationFrom April 1, 2026, India’s direct tax landscape has undergone a significant transformation following the enactment of the Income Tax Act 202...

Overview – Key Transformations in TDS & TCS RegimeThe provisions governing Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) in the revamped Income-tax Act, 2025, represent more than a me...

OverviewPrivate or family trusts have increasingly become central to succession planning strategies, particularly among business families and affluent individuals in India. While their formation and f...

Introduction: Strategic Tax Reforms for Data CentresThe Indian Union Budget for the financial year 2026-27 has rolled out a series of targeted tax benefits, notably a tax holiday extending up to 2047...

IntroductionThe revised Income-tax Act in India maintains two distinct avenues for initial appellate review: objections before the Dispute Resolution Panel (DRP) and appeals to the Commissioner of Inc...

Introduction: Challenging the Myths of Tax Exemption for Charitable TrustsCharitable and religious organizations in India often mistakenly believe that once they secure tax exemption under Sections 11...

1. Introduction: Protection of Spouses’ Assets from Company Tax RecoveryThe Indian Income Tax Act provides mechanisms for recovering dues from directors of private companies when the company itself fa...

IntroductionIn the realm of Indian income tax, availing deductions under Chapter VI-A plays a pivotal role in tax optimization. However, it is not uncommon for assessees to unintentionally omit these...

Background: Longstanding Controversy Over Place of Supply for Intermediaries(i) Overview of the Legal IssueSince the rollout of the Goods and Services Tax (GST) regime, the determination of the 'place...

1. Introduction: Evolution and Current Status of ISD under GSTThe Input Service Distributor (ISD) mechanism, which originated under the former Service Tax regime, has seen considerable changes with th...

Overview of Limitation Principles in Tax StatutesThe Foundation of Limitation LawsThe principle of limitation, rooted in the Latin maxim Interest reipublicae ut sit finis litium (“it is in the public...

1. OverviewEmployee Stock Option Plans (ESOPs) have become a central feature in incentivizing and retaining skilled personnel, especially within India’s fast-growing start-up and technology sectors. D...

1. Introduction: Reevaluating the Appellate Mechanism for Benami Property CasesIndia’s tribunal structure has undergone significant transformations, driven by the aim to achieve greater specialization...

1. Introduction — The Landscape of ChangeThe enactment of the Income Tax Act, 2025 has fundamentally restructured the legal landscape for charitable trusts and non-profit organisations (NPOs) in India...

OverviewAre you functioning as an Input Service Distributor (ISD) under Section 2(61) of the Central Goods and Services Tax Act, 2017 (CGST Act, 2017), responsible for allocating Input Tax Credit (ITC...

OverviewThe GST treatment of cross-border secondment and expatriate postings to Indian companies has seen significant legal evolution in recent years. The central question is whether assigning foreign...

The Lok Sabha approved the Finance Bill, 2026 on March 25, 2026. Although most proposals remained intact, several significant adjustments have been introduced, particularly in areas such as share buyb...

Introduction to Key Amendments in Finance Act, 2026The Finance Act, 2026, which received notification on March 30, 2026, has introduced several changes to the Income-tax Act, 1961. Among the most sign...

Introduction: Judicial Perspective and Legislative IntentThe Supreme Court, in the landmark case of ITO v. Ch. Atchaiah (1996) 218 ITR 239 (SC), established that the rightful assessee is obligated to...

1. OverviewOn March 23, 2026, the Corporate Laws (Amendment) Bill, 2026 was tabled in the Lok Sabha. It proposes significant updates to the Companies Act, 2013 and the Limited Liability Partnership Ac...