India’s Updated Income Tax Return Forms for AY 2025–26 Explained

Tax & Accounting

India’s Income Tax Department released ITR Forms 1 and 4 on July 11, 2025, following the rollout of ITR Forms 2 and 3 in May. Key updates include changes to capital gains reporting, revised LTCG exemptions, and form-specific compliance rules.

Tax & Accounting

Capital Gains Tax in India: An Explainer

In India, any profit or gain arising from the sale of a capital asset is deemed as capital gains and is charged to tax under the Income-tax Act, 1961. We discuss the latest changes to taxation of capital gains introduced under the Union Budget 2024.

Human Resources & Payroll

Revisiting the Role of Company Secretaries in India’s 2025 Compliance Ecosystem

India’s Income-Tax Bill 2025 excludes company secretaries from the definition of “accountant,” raising concerns amid growing compliance demands. We explore the implications of the move for India’s corporate compliance framework.

Tax & Accounting

Avoid Excess Tax Deductions in India: NRI Guide to Lower TDS Certificates

NRIs earning income from India can apply for a lower or nil TDS certificate under Section 197 of the Income Tax Act, 1961, to avoid high default withholding rates. Learn about eligibility, documentation, and application procedures.

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Economy & Trade

Economy & Trade

India's FTA Network: Updates in 2025

Jul 14

Explore 2025 insights into India’s evolving FTA landscape, as Indian authorities issued 720,996 preferential certificates in FY 2024–25, highlighting increased exporter participation and stronger global trade engagement.

  • India Pursues Strategic BRICS Partnerships as US Tariff Tensions Rise

    Economy & Trade Jul 11

    As US tariff threats resurface under Trump, Indian exporters face growing trade risks—particularly due to BRICS ties. India Briefing analyzes sector-wise impacts and how India is navigating between global alliances and evolving US trade policies.

  • Countdown to the End of Trump's Tariff Pause: Where Does India Stand Now?

    Economy & Trade Jul 09

    India navigates high-stakes trade talks as the US imposes a 50% tariff on copper and considers 200% duties on pharmaceuticals. In the ongoing negotiations between the two countries, India aims to protect its key sectors.

  • US Tariffs Set to Resume August 1; India Pushes for Balanced Trade Pact

    Economy & Trade Jul 08

    Trump has extended the pause on US tariffs until August 1, 2025, for India trade talks. We share the latest updates on the ongoing trade negotiations, BRICS tensions, and the India-US genetically modified (GM) animal feed imports debate.

  • India's Foreign Direct Investment Tracker 2025

    Economy & Trade Jul 07

    India recorded over US$50 billion in foreign direct investment (FDI) inflows in FY 2024–25, signaling investor confidence amid regulatory reforms and sectoral liberalization. Explore key trends, top sectors, and routes for foreign investment.

Tax & Accounting

Tax & Accounting

India’s Updated Income Tax Return Forms for AY 2025–26 Explained

Jul 14

India’s Income Tax Department released ITR Forms 1 and 4 on July 11, 2025, following the rollout of ITR Forms 2 and 3 in May. Key updates include changes to capital gains reporting, revised LTCG exemptions, and form-specific compliance rules.

Legal & Regulatory

Legal & Regulatory

Form CRL-1 Compliance Guide 2025: Navigate India's New Subsidiary Layering Rules

Jul 10

Effective July 14, 2025, Indian firms must file revised Form CRL-1 disclosing subsidiary layers, aligning with the latest amendment to the Companies (Restriction on Number of Layers) Rules, 2017.

Industries

Industries

India’s ECMS 2025: Application Window Opens May 1 – Incentives and Eligibility for Manufacturers

Jul 08

Learn about India’s Electronics Component Manufacturing Scheme (ECMS) with detailed guidelines, incentives, and eligibility to advance domestic electronics manufacturing and reduce imports.

HR & Payroll

HR & Payroll

Tamil Nadu Permits 24x7 Business Operations: What Employers Must Know

Jul 09

Under the latest directives, India's southern state of Tamil Nadu now allows business operations with 10 or more employees to operate 24x7, effective June 5, 2025. We guide you on the labor rules, safety norms, and compliance requirements.

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