SUBJECT: FOREIGN ASSETS DISCLOSURE AWARENESS UNDER THE INCOME TAX ACT Strategic Analysis of Mandates and Global Compliance Obligations for AY 2025-26 IN THIS ISSUE: By Advocate Amresh Upadhyay Expert in

By Advocate Amresh Upadhyay Founder, Tax Litigater The global tax landscape has undergone a profound transformation, moving from a period of guarded bilateral cooperation to a contemporary paradigm of comprehensive,

The CBDT press release dated May 27, 2025, highlights the following key reasons for the extension: Major updates to ITR forms: The new ITR forms introduced for AY 2025–26 include

Introduction The Finance Act, 2022 substituted Section 41 of the Central Goods and Services Tax Act, 2017 (‘CGST Act’), with effect from 1 October 2022[1].Thus, from 1 October 2022, a

Competent courts Which courts have jurisdiction to hear tax disputes? Typically, the tax dispute first arises before the tax authority, which acts in a quasi-judicial manner. It acts as both