The proposed structure of India’s new Income-tax Bill, 2025
Background
In July 2024, India’s Finance Minister announced that a comprehensive review of the existing Income-tax Act, 1961 (the “IT Act”) would be undertaken with...
Proposal to redefine the arbitration landscape in India: A review of the Arbitration and Conciliation (Amendment) Bill, 2024
Late last year, the Indian government released a draft of the proposed Arbitration and Conciliation (Amendment) Bill, 2024 (the “Draft Amendment Bill”). The Draft...
India’s Budget 2025-26: Direct Tax Proposals – Key Highlights
India’s Union Budget (the “Budget”) was announced on February 1, 2025, and the Finance Bill, 2025 (the “Finance Bill”) was tabled in Parliament. The...
Cross Border M&A 2025 | Majmudar & Partners
Prior years – A quick preview
2023 was a year of significant global challenges, including interest rate hikes and ongoing geopolitical conflicts. While 2024 began...
Income arising from crypto sales prior to April 1, 2022 to be taxed as capital gains and not as income from other sources
Background
An individual salaried taxpayer (the “Individual”) purchased bitcoins during the financial year 2015-16 and sold them in the financial year 2020-21. In the tax...
