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The Finance Bill, 2022 (Bill) has not proposed any changes in the base tax rates and the income slabs under the Income-tax Act, 1961 (Tax Act).

India's economy grew at its slowest pace in the first quarter of the current fiscal year accompanied with a severe dip in consumer demand and investment.

Press Conference held by Finance Minister announced a number of changes in line with industry asks, centered around six broad themes, in order to boost economic growth.

We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe for the month of August 2025.

Recently, India and Cyprus have signed a revised agreement for the avoidance of double taxation and fiscal evasion ("Revised Treaty").

On 15 January 2026, the Supreme Court of India delivered its judgment in The Authority of Advance Rulings (Income Tax) and Others v. Tiger Global International II Holdings, Tiger Global International III Holdings, and Tiger Global International IV Holdings (Civil Appeal Nos. 262, 263 and 264 of 2026).

Comprehensive review of the FEMA (Non-debt Instruments) Rules, 2019 proposed...

The Indian Union Budget made changes to direct tax laws that will affect non-resident taxpayers

Recently, in Emami Infrastructure Limited v. ITO, the Kolkata bench of the Income Tax Appellate Tribunal ruled that a transfer between a holding company and a 100% step-down subsidiary is not a taxable "transfer"...

The AAR, in the recent judgement of Banca Sella SpA, held that capital gains arising on amalgamation of a non-resident company, with its non-resident group entity would not attract capital gains tax in India...

From 1 April 2026, India will move from the six decade old Income tax Act, 1961 to the new Income tax Act, 2025 for income earned in FY 2026-27 (AY 2027-28 onwards). The 1961 Act will continue to govern earlier years, but all new income, TDS/TCS obligations and assessments going forward will be rooted in the new statute.

国家予算（Union Budget）は、主要な経済改革や インセンティブなど、国内で急成長する分野の将...

Section 115BAA has been inserted to provide that lower tax rate of 22% (plus applicable surcharge and cess) shall be chargeable to domestic companies.

As a deterrent to tax avoidance, Indian tax law incorporated General Anti-Avoidance Rules (GAAR) provisions, effective for transactions entered from fiscal year 2017-18.

The taxation of employee stock options in India has sparked considerable debate, particularly when vested but unexercised options are repurchased by employers. The Bangalore Income-tax Appellate Tribunal recently examined whether such consideration should be taxed as salary perquisites or capital gains, establishing critical distinctions between the taxation of stock options at exercise versus the taxation of rights embedded in vested options.

The main challenges outlined by the Finance Minister, Mr. Pranab Mukherjee, while presenting his Budget speech for the short term and long term perspective of the Indian economy are:

The reduced tax rates and introduction of incentives to boost economic growth were approved by the President through the promulgation of Ordinance (Taxation Laws (Amendment) Ordinance 2019)...