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Income Tax

JAO or FAO? DIN or No DIN?

Changing the law with retrospective effect while an issue is pending before the Supreme Court of India raises serious institutional concerns.

Tata Steel receives Tncome Tax order on Bhushan Steel merger

Tata Steel received an income tax order on Friday which increases its FY 2019 taxable amount, pertaining to the merger of Bhushan Steel with the Tata Group company back in 2019. Bhushan Steel has been renamed as Tata Steel BSL Limited, the company stated.

New tax bill is a facelift, not a fix

Finance Minister Nirmala Sitharaman’s recent tabling of the Income Tax Bill, 2025, marks a significant shift in India’s tax landscape.

How India can avoid middle-income trap

The World Development Report (WDR) 2024 titled “The MiddleIncome Trap” reported that about 108 middle-income countries are hovering around this status for the last sixty years and despite multiple possibilities to introduce tried and true technology improvements, all are in the middle-income trap.