The Bangalore ITAT rejected Binny Bansal's claim of non-resident status, declaring him a resident and ordinarily resident in India. This decision brought his global income under Indian tax laws, making the capital gains of approximately ₹198 crore from the sale of Flipkart (Singapore) shares taxable in India for FY 2019-20. The judgment makes for a compelling read, particularly in the way the tax department and the Ld. Additional Solicitor General (‘ASG’), meticulously pieced

👉🏼 In October 2021, the Reserve Bank of India introduced Scale-Based Regulatory (SBR) framework wherein NBFCs are sorted into four tiers: Base, Middle, Upper and Top with rising regulatory intensity. 👉🏼 In September 2022, the RBI placed Tata Sons among 16 Upper-Layer NBFCs, directing unlisted entities to list by 30 September 2025 — a move aimed at strengthening governance and promoting dispersed ownership to curb dominance risks. 👉🏼 As per FAQs issued by RBI (last upda

In a high-asset and promoter-owned setups, personal wills are increasingly becoming flashpoints for succession litigation. Because a Will becomes operative only post death of the testator, there is often a chance of possible ambiguities regarding interpretation, peaceful and equitable wealth distribution leading to disharmony within a family. The inheritance conflict over Late Sunjay Kapur’s estate demonstrates how the absence—or contestability—of a Will can ignite accusation

Shakespeare Asked, ‘What’s in a Name?’—In Business, Everything!" In the business world, a Brand name constitutes the vital anchor to...

Section 87A of the Income-tax Act, 1961 (‘IT Act’) provides a tax rebate to individuals whose Gross Total Income (‘GTI’) is less than INR...

Recently, the Hon'ble Delhi Tribunal granted relief to an NRI who was deputed abroad and earned salary income outside India. A graphical...

The RBI is engaging in discussions with Authorized Dealer banks to navigate the complexities of the revamped Overseas Investment Rules...

A large percentage of property disputes in India stem from inheritance issues. Common knowledge is that writing a Will is important for a...

After Singapore based fintech startups ‘Pine Labs’ and ‘Phone Pe’ redomiciled their holding companies back to India, the wealth...

Providing high-end education for our children has become a dream for most parents. 📚 💰 Depending on the course and country the child...