Customs regimes can lead to labyrinthine legal disputes. Budget 2026 must recognise that an excessively defensive Customs posture can itself become a trade barrier, point out Mukesh Butani and Shankey Agrawal.
Before booking a flat, buyers should confirm that the project is registered with the state's Rera portal.
Senior citizens are particularly vulnerable due to their high savings, trust in authorities, and limited familiarity with online frauds.
A vehicle seller remains legally liable for any accident until the RTO officially updates the registration certificate, even if the vehicle was sold earlier.
A vehicle seller remains legally liable for any accident until the RTO officially updates the registration certificate, even if the vehicle was sold earlier.
Lawful possession means having both actual control over a property and a valid legal right to keep it, usually based on a registered sale deed, lease agreement, or lawful allotment.
For homebuyers, the OC is not just an administrative formality but the very basis of lawful possession. Without it, the property is deemed unauthorised, exposing buyers to risks such as eviction, denial of utilities, or even demolition.
Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates, points out Mukesh Butani.
India conceding ground to bring only top 100 digital companies like Google, Facebook, and Netflix into the global taxation pact may have revenue implications. This will mean that New Delhi will have to withdraw the contentious 2 per cent equalisation levy on e-commerce operators by 2023. This may have revenue implications for India, experts pointed out, as the equalisation levy has a much lower annual revenue threshold of Rs 2 crore (euro 0.2 million) as against euro 20 billion agreed by 130 countries at the Organization for Economic Cooperation and Development (OECD). India, along with other developing countries, was pitching for at least euro 1 billion threshold to cover at least 5,000 global entities. India collected Rs 2,057 crore from the equalisation levy in 2020-21, an 85 per cent growth over Rs 1,136 crore in the previous fiscal.
Top management of firms should be summoned for a few specified reasons and after written justification at a senior level.
India is often viewed as an aggressive tax jurisdiction by domestic and overseas taxpayers, and making the charter as part of the Act may help restore confidence among taxpayers.
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
Even if the same party returns to power, what is important to debate is that having introduced an entitlement, how challenging it is to reverse such decisions, says Mukesh Butani.
The Narendra Modi government's alacrity in promoting ease of tax administration, a critical component in the ease of doing business index, has set in motion several incremental policy and administrative reforms, says Mukesh Butani.
Jaitley sets condition of 50% assets for applicability of capital gain tax.
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
The tax dept has served notices on about 36 foreign investors.
The amendment would help check round-tripping of funds and boost the domestic consumption, Jaitley added
Finance minister tries to put house in order before reforms are unveiled in February.
The Budget sets out a comprehensive vision.
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