This amendment will take effect from the 1st day of April, 2026 and shall accordingly, apply in relation to the assessment year 2026-27 and subsequent assessment years. Clause 3 of the Bill seeks to ...

The Finance Bill, 2025, proposes an amendment to Section 115UA of the Income-tax Act, which governs the taxation of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), ...

The Finance Bill 2025 proposes extending the tonnage tax scheme to inland vessels, registered under the Inland Vessels Act, 2021, in an effort to boost India’s inland water transportation industry.

The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...

Harmonisation of Significant Economic Presence applicability with Business Connection Section 9 of the Act provides for income which shall be deemed to accrue or arise in India. Clause (i) of section ...

The Finance Bill, 2025, proposes amendments to Section 13 (3) of the Income-tax Act, which specifies conditions under which trusts and institutions lose tax exemptions under Sections 11 and 12 if ...

In order to position India as the global hub for Electronics System Design and Manufacturing, a comprehensive program for the development of semiconductors and display manufacturing ecosystem in India ...

The Finance Bill 2025 proposes amendments to clarify the taxation of Unit Linked Insurance Policies (ULIPs). Under Section 10(10D) of the Income-tax Act, exemption on life insurance proceeds is ...

Rationalisation of ‘specified violation’ for cancellation of registration of trusts or institutions Sub-section (4) of the section 12AB inter alia provides that where registration or provisional ...

Under the provisions of section 87A of the Act, an assessee, being an individual resident in India, having total income not exceeding Rs 5 lakh, is provided a rebate of 100 per cent of the amount of ...

The Finance Bill, 2025, proposes amendments to Section 10(23FE) of the Income-tax Act to extend the deadline for investments by Sovereign Wealth Funds (SWFs) and Pension Funds (PFs) from March 31, ...

The Finance Bill 2025 proposes amendments to Section 2 of the Income-tax Act to clarify the definition of “dividend” for treasury centres in the International Financial Services Centres (IFSC). The ...