BUSINESS LAW

India’s tax system is on the verge of a historic transformation. The Direct Tax Code (DTC) 2025 is a proposed reform aimed at replacing the Income Tax Act of 1961 – a law that has been amended countless times over the decades, making compliance complex for individuals and businesses alike. The main goal of DTC […]

The Income Tax Department has intensified its scrutiny of taxpayers claiming deductions on political donations under Section 80GGC of the Income Tax Act over the last two to three assessment years. According to reports (CNBC-TV18), several taxpayers have already received notices via email and SMS, directing them to furnish proof of donations and clarify the […]

INTRODUCTION A number of significant changes have been observed with the introduction of Finance Act, 2024. One such change has been made in the governance of payment made by the Firms towards their partners, with the introduction of Section 194T in the Income Tax Act, 1961. This provision compels the Partnership Firms and Limited Liability […]

People are often so taken up in acquiring wealth and assets, that they forget the very fact that these assets need management and planning to ensure that maximum benefit to be obtained. Asset management is an exhaustive task, however the importance of it must not be understated at all. One of such wealth management system […]

Sports and gaming have long been popular for enjoyment, leisure, and social interaction, both for those participating and those watching. Online gaming expands these possibilities by offering on-demand, real-time play that overcomes the limitations of physical locations and different time zones. The COVID-19 pandemic and resulting social distancing measures further pushed many people to seek […]