07 May, 2025
India Blocks All Trade with Pakistan under FTP Para 2.20A In a significant geopolitical and trade move, the Indian Government has completely banned imports from Pakistan. This decision was formalised through Instruction No. 07/2025-Customs, issued by CBIC under the Foreign Trade Policy (FTP), Para 2.20A. This import ban reflects India’s evolving stance on trade, national […]
Read More07 May, 2025
IntroductionThe GST on online gaming debate has reached the Supreme Court again, with the Centre strongly reiterating that anything involving money qualifies as gambling. During the latest hearing, the government presented a new doctrine—the ‘Seven Sutras’—to justify why games involving stakes must fall under the highest 28% GST slab. Let’s break down the issue, legal […]
Read More07 May, 2025
Minimum Tax Rules in India: Old vs New Law The focus keyphrase minimum tax rules is gaining attention again—thanks to Clause 206 of the Income-tax Bill, 2025. This clause attempts to align older tax frameworks like MAT (Minimum Alternate Tax) under Section 115JB and AMT (Alternate Minimum Tax) under Section 115JC with new principles of […]
Read More07 May, 2025
Returning NRIs? Know the New Concessional Tax Regime Concessional tax regime for NRIs has always been a niche yet crucial part of Indian tax law. With the introduction of Clause 217 of the Income Tax Bill, 2025, the landscape has shifted. This clause redefines the tax treatment available to non-resident Indians (NRIs) becoming residents — […]
Read More07 May, 2025
Foreign Company Tax Residency: What Changes in 2025? The Income Tax Bill, 2025 redefines how a foreign company can be treated as a tax resident in India. Clause 220 replaces Section 115JH of the 1961 Act, bringing clarity—but also new compliance burdens. Let’s break down the legal shift, implications, and expert view. What Did Section […]
Read More07 May, 2025
Intro Paragraph:The conversion of Indian branch to subsidiary has received sharper tax clarity under Clause 219 of the Income Tax Bill, 2025. It replaces Section 115JG of the Income-tax Act, 1961, aiming to streamline cross-border corporate restructuring. This blog decodes the legal shift and its practical implications. What Was Section 115JG All About? Section 115JG […]
Read More07 May, 2025
GST on digital services in India is evolving rapidly as the digital economy grows. From streaming platforms to online gaming and SaaS, the GST regime is adapting to tax cross-border and domestic digital transactions effectively. Why GST on Digital Services Is Gaining Attention India’s digital economy is booming. But taxation hasn’t kept pace. Until recently, […]
Read More07 May, 2025
India–UK Trade Deal: Zero Duty, Big Gains for Indian Exporters The historic India–UK Free Trade Agreement (FTA) is a major breakthrough. With zero duty on 99% of Indian exports, this deal boosts job creation, opens key sectors, and strengthens India’s global trade influence. Key Highlights of the India–UK FTA Focus Keyphrase in Legal Context: India–UK […]
Read More06 May, 2025
SEBI Enables Stock Brokers to Set Up Separate Units for GIFT-IFSC SEBI GIFT-IFSC operations have gained momentum with a key regulatory update. Through a circular dated 30 April 2025, SEBI has allowed registered stock brokers to establish a separate Business Unit (BU) to deal exclusively in the GIFT-IFSC securities market, under the regulatory framework of […]
Read More06 May, 2025
NRI Tax on Foreign Asset Transfers: What Changes in 2025? The Income Tax Bill, 2025 introduces Clause 215, which impacts how Non-Resident Indians (NRIs) can claim exemptions on capital gains from foreign exchange assets. This significantly updates the older Section 115F of the Income-tax Act, 1961. Here’s a simplified guide to what’s changing — and […]
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