Inheritance is a vital component of personal financial planning and wealth management. In India, although inheritance benefits from a favourable tax regime, inadequate planning and lack of legal clarity often result in disputes, procedural delays, and unintended tax exposure for heirs. With this context, the article explores the legal meaning of inheritance, its importance, the tax treatment under the Income Tax Act, 1961, and the…
GST in India is steadily moving toward a system-driven, automated compliance environment, where returns will be generated automatically and taxpayers will mainly review and confirm data instead of preparing or editing returns. In this evolving ecosystem, the accuracy and quality of the data you submit today will determine how seamless your GST compliance becomes tomorrow. 1. Automated Returns and the Direction GST Is Headed The…
In a significant move for India’s corporate landscape, the Ministry of Corporate Affairs (MCA) has again expanded the definition of a “Small Company” under the Companies Act, 2013. The revised thresholds — ₹10 crore paid-up capital and ₹100 crore turnover — mark a major step toward reducing compliance burdens for the country’s rapidly growing private companies. This update brings thousands of companies under a lighter…
On 13 November 2025, the Government of India officially notified the Digital Personal Data Protection Rules, 2025, signalling the full operationalisation of the DPDP Act, 2023. With this notification, the law moves from a policy framework to an enforceable compliance regime, activating several obligations immediately while assigning phased timelines for others over the next 12 to 18 months. For businesses processing personal data in India,…
