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The Union Budget for the fiscal year 2026–27 represents a strategic initiative towards comprehensive tax policy reform, emphasizing the improvement of tax administration, rationalization of indirect t...

1. Introduction: A New Approach to Tax AdministrationThe 2026-27 Union Budget marks a significant departure from previous years by focusing on reducing the administrative and procedural complexities t...

OverviewThe Minimum Alternate Tax (MAT) has historically acted as a safeguard in India’s tax system, compelling companies to contribute a minimum level of tax on their book profits, even after leverag...

Overview: Subtle Yet Profound Impact of Budget 2026Budget 2026, announced by Finance Minister Nirmala Sitharaman on February 1, 2026, may not be noted for dramatic tax rate revisions or major fiscal c...

OverviewThe Finance Bill, 2026 introduces pivotal modifications to the Income-tax Act, 2025—specifically impacting Sections 295 and 296 through Clauses 64 and 65. These proposed changes focus on the t...

Income Tax Act, 2025: Core Amendments1.1. Individual Taxationi) Tax Slabs under Section 202 of ITA 2025 (corresponding to Section 115BAC of ITA 1961)No alterations to personal tax rates, surcharges, o...

Introduction to Sovereign Gold Bonds and TaxationSovereign Gold Bonds (SGBs), offered by the Government of India via the Reserve Bank of India, have emerged as a preferred choice for assessees seeking...

Introduction: Budget 2026–27 and Crypto Sector DevelopmentsThe 2026–27 Union Budget did not bring anticipated tax concessions for those dealing in crypto-assets. Assessees had hoped for measures such...

Introduction: Policy Focus and General OverviewThe Finance Minister’s presentation of the Union Budget 2026 continues to underscore the government’s commitment to long-term structural reform, facilita...

Introduction: Major Shift in SGB TaxationThe 2026 Union Budget has introduced a significant transformation in the tax treatment of Sovereign Gold Bonds (SGBs). Effective April 1, 2026, only assessees...

Overview: Budget 2026 and Its Impact on Corporate EntitiesThe Union Budget for 2026 has brought forth several pivotal changes impacting companies, especially in the realm of direct taxation and sector...

Overview of Budget Announcements for IndividualsThe Union Budget 2026, presented by Finance Minister Smt. Nirmala Sitharaman, introduced several notable amendments affecting individual assessees. This...

1. Overview of Proposed STT Revision on F&O Trades in Union Budget 2026i) Introduction to the STT Regime(a) The Union Budget for 2026 has introduced proposed amendments to the Securities Transaction T...

Overview of Recent TDS and TCS ReformsTax Deducted at Source (TDS) remains a pivotal mechanism for ensuring tax compliance in India, directly impacting the liquidity of both individuals and business e...

IntroductionThe Indian stock market has recently experienced significant fluctuations due to a combination of global geopolitical uncertainties, persistent foreign institutional investor (FII) outflow...

The Union Budget for 2026, presented by Finance Minister Smt. Nirmala Sitharaman, brought forth a series of significant reforms impacting taxation, compliance timelines, and various sectoral incentive...

1. OverviewThe Finance Bill, 2026 introduces significant amendments aimed at reforming the procedures governing assessment, reassessment, return submissions, immunity from penalties, and subsequent ap...

1. IntroductionThe 2026 Union Budget presented a unique scenario for the current government, which enjoys an unrivaled mandate to steer macro-economic policies. A notable observation for regular follo...

Case Overview(i) Background and Facts(a) The central issue in this matter involves a company, M/s. Z Estates Private Limited, failing to convert its fully convertible debentures (FCDs) into compulsori...

1. Introduction: A Pivotal Decision in International TaxationThe Supreme Court’s judgment in The Authority for Advance Rulings (Income Tax) v. Tiger Global International II Holdings ([2026] 182 taxman...