The Income Tax Bill of 2025, scheduled to be tabled in Parliament on Thursday, is expected to be a significant milestone in India’s tax framework as it is poised to replace the existing bill from 1961. Upon approval, the bill is expected to take effect on April 1, 2026. The objective of the new income … Read more
When Finance Minister Nirmala Sitharaman presents the Union budget later this month, one thing investors, taxpayers, corporates, and mutual fund houses will be keen to know will be changes in the capital gains tax structure. Currently, the capital gains tax system lacks uniformity, leading to varying tax burdens for investors based on the type of … Read more
The Centre has begun a comprehensive review of the goods and services tax (GST) law, as well as various rules pertaining to the levy, to provide clarity on issues that have cropped up since it was rolled out in July 2017. The review is aimed at clearing the air on issues such as whether services … Read more