Sixty-five years. Nearly 4,000 amendments. Over five lakh words. The Income Tax Act, 1961 has finally been replaced. The Income Tax Act, 2025 is not just a cleaner version of the same law , it introduces new concepts, a restructured framework for charitable trusts, significant changes to MAT, TDS, and search powers, and a transition mechanism that runs two parallel regimes simultaneously. This is our complete breakdown.

CNK RK & Co. expands its presence into Chandigarh and the broader tricity region. We are excited to now serve our clients in Punjab, Haryana, and Himachal Pradesh more closely and with the depth they deserve.

157 deadlines. 6 practice areas. One place. We have mapped every material statutory due date for Indian businesses across Direct Tax, GST, Companies Act, EPF/ESI, and FEMA ; so your team never misses a filing.

The new financial year brings the same recurring compliance rhythm, but the cost of missing a deadline has only gone up, late fees, interest under Section 234 of the Income Tax Act, additional fees under the Companies Act, and the reputational risk for promoters in an environment of heightened regulatory scrutiny. This calendar is our firm's working tool, shared with you in full.

Global conflict moves people. Tax law does not move with them.

As expatriates across the Middle East extend their stays in India, many are unknowingly approaching ,or have already crossed, thresholds that determine their tax residency under Indian law. The consequences are not trivial. A full Resident is taxable on global income. Even an RNOR, while better protected, carries disclosure obligations that most non-residents are unprepared for.

The rules are not complicated, but they are unforgiving on timing. And unlike most financial decisions, this one cannot be corrected after 31 March.

We have broken down the framework ,and built a tool so you can assess your own position in under two minutes.

The Supreme Court decriminalized same-sex relationships and history apologized, but the Income Tax Act never got the memo. This piece unpacks how the absence of spousal recognition under Indian tax law creates real financial costs for queer couples across transfers, gifts, HRA claims, and separation settlements.

A slump sale can be a powerful tool for corporate restructuring, but the tax "fine print" is where the real complexity lies. Between Rule 11UAE valuations and Form 3CEA reporting, the margin for error is slim. Dive into our latest guide to understand how to optimize tax efficiencies while meeting your regulatory obligations under current Indian law.

India has long attracted global traders—from the days when explorers like Christopher Columbus sought a direct route to its riches. Centuries later, the opportunity remains just as compelling. With one of the world’s fastest-growing economies, expanding consumer markets, and competitive operating costs, India has become a strategic destination for businesses looking to manufacture, sell, or deliver services globally.

In this guide, we break down the key ways foreign companies can establish operations in India—from Liaison and Branch Offices to fully incorporated subsidiaries—along with the eligibility requirements, regulatory process, and compliance obligations you need to know.

From a shift in shareholders to strategic restructuring, there are many reasons to transition from a Private Limited company to an One Person Company (OPC). While the process is surprisingly straightforward, navigating the eligibility criteria and statutory filings is key to a seamless transition. Read on to discover if your company qualifies and the exact steps needed to secure your new certificate of incorporation without disrupting your business operations.

For Indian founders, "flipping" is usually about agility—but the Corporate Structural Flip is about survival and scale. Moving your headquarters to Delaware can unlock global VC funding, but it also triggers a complex web of RBI regulations, FEMA compliance, and tax traps like PoEM.

Is the promise of US capital worth the regulatory headache? In this post, we break down:

• The Mechanics: How IP and share transfers actually work.

• The RBI Hurdle: Navigating "round-tripping" and the 2019 FEMA modifications.

• The Tax Trap: Why your Delaware entity might still be taxable in India.

As cross-border trade reaches new heights, navigating the complexities of the Indian tax landscape has never been more critical for international growth. Whether you are a foreign entity providing services or an Indian business receiving them, understanding your withholding obligations is the difference between a seamless transaction and being labeled an "assessee in default." Dive into our latest guide to clarify your TDS requirements and protect your bottom line.

GAAR is more than just a set of rules; it’s a fundamental change in how tax liability is assessed in India. After years of deliberation and significant updates to the Direct Tax Code, the implementation of GAAR is evolving to balance regulatory oversight with investor protection.

We’ve put together a definitive guide to help you navigate this transition. From the 2012 proposals to the most recent legislative safeguards, discover the insights you need to stay ahead of the curve.

The digital revolution has erased the borders that once defined global commerce. When data is the new oil and intellectual property moves with a single click, the traditional taxman is left at a crossroads. How do we regulate a world where business happens everywhere, but the "storefront" exists nowhere? Dive into our latest breakdown of the complex challenges facing policymakers and businesses in the age of the digital economy.

India’s sporting landscape has evolved from a national pastime into a high-stakes multi-billion dollar industry. As the success of the IPL paves the way for new professional leagues, the influx of massive media rights and global sponsorships has created a complex financial web for athletes and organizers alike.

But how does the Indian tax system handle a star athlete’s global earnings or a league's massive revenue? From tax exemptions for international tournaments to the specific flat-rate rules for non-resident players, understanding the "rules of the game" is now as critical as the performance on the field.

Navigating FDI restrictions in India’s multi-brand retail sector is a high-stakes challenge for digital entrepreneurs. In this exclusive whitepaper, Arkay & Arkay and MediaNama break down the complex investment structures used by leading eCommerce players to secure venture capital while remaining compliant.

Read the full analysis on the frameworks shaping India’s digital ecosystem.

In an era where data is the new oil, India is redefining what it means to do business within its borders. The Significant Economic Presence (SEP) rules represent a major shift in digital taxation, targeting non-resident entities based on user interaction and transaction volume rather than physical storefronts. Explore the legal breakdown of these new rules and what they mean for the future of international tax treaties.