▸ Knowledge Centre
Factual, educational commentary on law, tax, finance and regulation from the firm’s professionals.
The new Income-tax Act, 2025, effective from April 1, 2026, for income earned in Tax Year 2026-27 onwards, significantly updates section numbers and clarifies…
July 15, 2026Receiving a gift from your mother in India is generally exempt from income tax, as a mother is considered a ‘relative’ under Section 56(2)(x)…
July 13, 2026The Association of Mutual Funds in India (AMFI) has put forth a series of significant recommendations for the Union Budget 2026-27, aiming to rationalise…
July 13, 2026The Income-tax Act, 2025, effective from April 1, 2026, introduces a significant reorganisation of deduction provisions previously found in Chapter VI-A of the Income-tax…
July 13, 2026The Central Board of Direct Taxes (CBDT) has mandated the integration of global financial information, received through Automatic Exchange of Information (AEOI) agreements, into…
July 13, 2026The landscape of Tax Deducted at Source (TDS) on rent payments has seen a significant update, particularly with the reduction of the TDS rate…
July 13, 2026The Central Board of Direct Taxes (CBDT) has introduced a significant exemption from Tax Deduction at Source (TDS) for specific payments made to eligible…
July 11, 2026The Bombay High Court, in the case of Rika Global Impex Limited v. Union of India and Ors., has clarified that RoDTEP benefits cannot…
July 11, 2026Indian residents receiving dividends from US stocks face taxation in both countries, but the Indian tax system, through the Foreign Tax Credit (FTC) mechanism,…
July 11, 2026Non-Resident Indians (NRIs) with NRO interest income often face confusion regarding their Indian income tax filing obligations. For FY 2025-26, an NRI must file…
July 10, 2026