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The structural updates to the Income Tax Act 2025 went live on April 1, 2026. This new legislation changes how non-profit entities in India handle taxation, registration, and donor benefits. The basic logic behind tax exemptions stays the same. The…
Tax Benefits Guide for Salaried Employees: tax planning as a salaried professional means balancing monthly take-home pay with long-term wealth building. For Assessment Year (AY) 2026-27, the Income-tax Act, 1961 (as amended by the Finance Act, 2026) offers significant relief…
For small enterprises and self-employed professionals, the administrative burden of maintaining comprehensive books of accounts and undergoing statutory tax audits often outweighs the tax benefits of meticulous expense tracking. To reduce compliance friction, the Income-tax Act provides specialized presumptive taxation…
In cross-border tax planning, the fundamental distinction between a resident and a non-resident under the Income-tax Act 1961 lies in the jurisdictional reach of Section 5. While Indian residents are subject to tax on their worldwide income, Section 5(2) restricts…
For years, co-operative housing societies across Maharashtra were forced to operate under generic cooperative rules designed for everything from credit unions to agricultural marketing societies. While the state amended the core Maharashtra Co-operative Societies Act back in 2019 to add…
As of 2026, both tax enforcement under the Goods and Services Tax (GST) and foreign funding oversight under the Foreign Contribution (Regulation) Act (FCRA) have entered a period of heightened executive scrutiny and stricter judicial interpretation. Whether defending a corporate…
The Ministry of Home Affairs (MHA) notified the Foreign Contribution (Regulation) Amendment Rules, 2026 in June, overhauling the compliance landscape for foreign-funded non-profits in India. Operating under the parent FCRA, 2010 framework, these amendments shift regulatory oversight from periodic document…
The absolute most devastating mistake a first-time founder can make in India has nothing to do with building the wrong product or hiring the wrong engineer. It is choosing the wrong legal structure on day one. Every week, we see…
Every successful business eventually outgrows its original container. For most founders, the decision to leave the sole proprietorship model behind is triggered by one of three specific events: an angel investor asks for equity (which a proprietorship cannot issue), a…
GST scrutiny notice: Take a deep breath. Seeing an email or SMS stating you have received a notice from the Goods and Services Tax Network (GSTN) can make your heart race, but rest assured receiving a scrutiny notice does not…