Tax Law

The Finance Bill, 2026, introduced alongside the Union Budget, makes targeted amendments to both the Income Tax Act, 2025 and the Income Tax Act, 1961. While the new Income Tax Act takes effect on April 1, 2026, the Finance Bill layers additional changes on top of it, several of which have immediate compliance significance for businesses, employers, and individual taxpayers. Understanding the Finance Bill in full is essential to planning for the first complete financial year

Goods and Services Tax input tax credit represents a fundamental mechanism enabling neutral taxation of supplies through GST system. Input credit allows registered taxpayers to offset GST paid on procurement against GST collected on supplies, preventing cascading taxation. However, input credit availability is subject to specific conditions and limitations creating complexity in compliance. Recent judicial pronouncements have clarified several contentious areas, shaping conte

Employee Stock Option Plans (ESOPs) have become a cornerstone of startup compensation strategy in India, allowing founders to attract and retain top talent by offering equity participation while managing cash burn during early growth stages. However, ESOPs involve complex legal, tax, and administrative requirements that many startups misunderstand or implement poorly. A poorly structured ESOP can create unexpected tax liabilities for employees, trigger compliance violations w

Employee Stock Option Plans (ESOPs) have become the standard tool for Indian startups to attract and retain talent by offering employees a stake in the company's future growth. For founders structuring their first ESOP pool and employees evaluating stock option grants, understanding the legal framework and tax implications is critical to making informed decisions. The legal and tax landscape for ESOPs has seen significant changes in 2025 and 2026, including the abolition of a