The Black Money Act of 2015 introduced stringent measures to tax undisclosed foreign income and assets held by resident taxpayers in India. What are the consequences for failing to report foreign income or assets, and how does this legislation impact tax compliance for individuals with international holdings?

The Special Bench (‘SB') of the Mumbai ITAT in the case1 of Mr. Vinil Venugopal & Mrs. Ranjeeta Vinil has held that the word "may" u/s 43 of the Black Money Act is discretionary, and not mandatory.

Foreign trade has always been a cornerstone of India's economic policy, shaping not only the country's global integration but also its domestic industrial growth.

The Pradhan Mantri Viksit Bharat Rozgar Yojana is a government initiative aimed at promoting employment generation and workforce formalisation in India.

The classification of parts and components under the Customs Tariff Act, 1975 (‘CTA') has long been a serious bone of contention between the Revenue authorities and the industry players.

The International Financial Services Centres Authority (IFSCA) has recently issued the International Financial Services Centres Authority...

The International Financial Services Centres Authority ("IFSCA") has notified the IFSCA (Global In-House Centres) Regulations, 2025 ("New Regulations")...

The International Financial Services Centre Authority (‘IFSCA'), in its 42nd meeting held on 19 December 2024, had approved a proposal to review the existing IFSCA...

The Maharashtra Electric Vehicle (EV) Policy 2021 was announced by the Environment and Climate Change Department through a Government Resolution dated July 23, 2021, aiming to promote electric mobility across the state.