Foreign Asset of Small Taxpayer – Disclosure Scheme 2026
A One-time Foreign Asset Disclosure Compliance Window under Chapter IV (Sections 130 to 144) of the Finance Act 2026 read […]
Income Tax
Income Tax
FEMA, Income Tax
Returning to India: Income Tax and FEMA Implications
1. Introduction India’s relationship with its diaspora has undergone a quiet but consequential reversal post Covid. For much of the
Income Tax
Foreign Asset Disclosures in ITR
– CA ANKITA SHETHIA The Problem Mr. Viraj received a notice from Income Tax Department. The notice did not come
Income Tax
Resolving Dual Tax Residency: Interplay of Domestic Law and Treaty Frameworks
2. Interplay of domestic residency and income taxation Sec 6 of the Income Tax Act (‘ITA’) 2025 provides the framework
Income Tax
Don’t Pay Tax Twice
There’s a quiet frustration that catches many taxpayers off guard every year. You’ve worked hard, earned income abroad — maybe
Income Tax
Issues in ITR Forms
The Income Tax Department has released the updated Income Tax Return (ITR) forms for Assessment Year (AY) 2026-27 (Financial Year
Income Tax
Tiger Global: Recalibrating India’s Tax Sovereignty in the BANI World
Abstract The Supreme Court’s January 2026 judgment in Tiger Global International II Holdings represents a watershed moment in India’s international
Income Tax, Uncategorized
Income Tax Act 2025: Old wine in new bottle or a Pandora’s Box?
Enactment of Income Tax Act 2025 (‘ITA 2025’) The Income Tax Bill (‘ITB’) 2025 was tabled in the Lok Sabha
Income Tax
Issues in NRI Taxation and Return Filings
1. Introduction Many Indians who have moved to other countries continue to play an important role in India’s development.
Income Tax
Perks Come at a Price! The Hidden Tax Bite of Section 194R (with a side of GST!)
Introduction In recent years, tax compliance in India has moved beyond incomes and profits. Section 194R of the Income Tax