A recent Income Tax Appellate Tribunal (ITAT), Mumbai ruling has held that capital gains earned by a Singapore tax resident from redemption/sale of units of Indian mutual funds can fall under the residuary capital gains clause of the India–Singapore DTAA, and therefore be taxable only in Singapore (subject to treaty conditions). itatonline.org+2ITB Steve Towers+2
This…
India and Oman have formally signed a Comprehensive Economic Partnership Agreement (CEPA), marking a significant step in bilateral trade relations. The agreement was concluded in Muscat on 18 December during Prime Minister Narendra Modi’s official visit, after nearly two years of negotiations.
Under the CEPA, Oman has agreed to grant zero-duty market access on 98.08%…
Mexico’s Senate has approved significant tariff increases - up to 50% - on imports from countries without a trade agreement, including India, China, South Korea, Thailand and Indonesia. The new duties will take effect in 2026 and will impact several key export categories.
This measure aims to protect Mexican domestic industries and prepare for the…
US President Donald Trump has renewed threats of additional tariffs on Indian rice, accusing India of “dumping” cheap rice into the US market and undercutting American farmers. Speaking at a White House event on December 8, 2025, he asked why Indian rice could enter the US “without higher tariffs,” adding, “We’ll take care of it.”…
Marriage and divorce change several tax positions under Indian law. The impact is seen in the taxation of gifts, spousal transfers, children’s income and alimony. The following is a structured overview of the key rules that clients should be aware of.
Wedding gifts
Gifts above Rs 50,000 in a financial year are normally taxable. …
India and the United States are holding regular virtual discussions to advance the proposed Bilateral Trade Agreement (BTA) and address long-pending reciprocal tariff issues. Commerce Secretary Rajesh Agarwal said that most technical matters have been resolved and that India expects the first phase of the agreement to be concluded within the current calendar year.
Status…
Moody’s Ratings has projected that India will record the highest growth among emerging markets and the Asia-Pacific region in 2025, with GDP expected to expand 7% in 2025 and 6.4% in 2026. The agency said India’s domestic demand, investment momentum and structural reforms continue to support economic resilience despite global uncertainty.
Key Highlights of Moody’s…
The Government of India has notified that all four labour codes - the Code on Wages (2019), Industrial Relations Code (2020), Code on Social Security (2020), and the Occupational Safety, Health and Working Conditions (OSHWC) Code (2020) - will come into force from 21 November 2025. Together, these consolidate 29 existing laws and create a…
MoSPI releases methodology paper, seeks stakeholder feedback
The Ministry of Statistics and Programme Implementation (MoSPI) has released the first discussion paper on India’s upcoming GDP base-year revision, ahead of the launch of the new national accounts series scheduled for 27 February 2026. The new series will shift the GDP base year to 2022–23, reflecting changes…
India’s four new labour codes are set to modernize and consolidate more than 25 existing labour laws. The framework aims to simplify compliance for businesses while strengthening worker protection, wage clarity and social security coverage - including for gig and platform workers.
Below is a structured summary for employers, HR teams and compliance professionals.
1.…
India’s 2025 IPO cycle is shaping up to be one of the strongest liquidity phases for the venture ecosystem in several years. Seven prominent listings - Ather Energy, Bluestone, Urban Company, Lenskart, Pine Labs, Groww and PhysicsWallah - have collectively enabled early investors to realize more than ₹15,000 crore through offer-for-sale (OFS) transactions, based on…
India’s primary markets have recorded one of their strongest fundraising phases in recent years, with companies raising more than ₹90,000 crore through 61 IPOs over the past 90 days. However, while the fund-raising environment remains robust, post-listing performance has been far more subdued.
Strong fundraising, weak first-day gains
Trendlyne data shows that:
44 out of…

