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Section 119 IT Act vs Section 7 D&C Act: Why CBDT Circulars Are Binding in Nature But DCC Guidelines Are Not
ABSTRACT Two of India’s most prominent regulatory bodies — the Central Board of Direct Taxes (CBDT) and the Drugs Consultative Committee (DCC) — issue prosecution-related gui
Indian Union Budget 2026-27: Key Income Tax Changes and Their Impact on Salaried Individuals
Introduction – Indian Union Budget 2026-27 On 1 February 2026, Finance Minister Nirmala Sitharaman presented the Indian Union Budget 2026-27 — her ninth consecutive Budget.
Section 50C of the Income Tax Act, 1961 Stamp Duty Valuation vs. Circle Rates: The Constitutional Validity of Deeming Fictions in Capital Gains
Introduction Few provisions in Indian income tax law generate as much sustained controversy, litigation, and legislative amendment as Section 50C of the Income Tax Act, 1961. At it
Livestream Donations and the TDS Gap on Creator Income in India: Why Streamers and Influencers Have No Withholding
Introduction India’s creator economy has grown into a multi-billion-rupee ecosystem, where gaming streamers attract thousands of viewers, YouTubers monetize every upload, and
Startup Losses and Section 79 of the Income Tax Act, 1961: When Anti-Abuse Rules Kill Legitimate Restructuring
Introduction India’s startup ecosystem has grown into one of the most dynamic in the world, yet founders and investors continue to grapple with a tax provision that was never
Income Tax Treatment of Carbon Credits: Asset, Income, or Capital Receipt Under the IT Act, 1961?
Introduction Carbon credits — formally known as Certified Emission Reductions (CERs) — have occupied an increasingly contentious space in Indian tax jurisprudence over the past
Section 80M Income Tax Act: Inter-Corporate Dividend Deduction
Introduction When the Finance Act 2020 abolished the Dividend Distribution Tax (DDT) under Section 115-O of the Income Tax Act, 1961, India shifted from a company-level tax to the
TDS on Salary for Remote Employees Across Multiple Indian States Under Section 192: Compliance Challenges”
Introduction The rise of remote work in post-pandemic India has created a TDS on salary compliance challenge that neither the Income Tax Act, 1961 nor the CBDT has clearly addresse
ESOP Taxation After Exit: Why Perquisite Tax at Exercise and Capital Gains at Sale Creates Double Taxation by Stealth
Introduction Employee Stock Option Plans (ESOPs) are among the most powerful instruments that Indian startups and companies use to attract, retain, and motivate talent. ESOPs give
Crypto Losses Under Section 115BBH: Why the No-Set-Off Rule Creates an Unconstitutional Tax on Notional Gains
Introduction When the Finance Act, 2022 introduced Section 115BBH into the Income Tax Act, 1961, it created one of the most structurally aggressive tax provisions that India’
