India’s Corporate Social Responsibility regime simplified

Download .pdf 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 the intent to make the tax law simple and to minimize tax controversy.  The Finance...

Download .pdf 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 Finance Bill will be discussed in Parliament before its enactment, and it is likely that it will be...

Download .pdf 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 return, the Individual claimed that the bitcoins sold qualified as a capital...