India’s tax system stands at a moral and constitutional crossroads. Conceived as an instrument for advancing substantive equality and social transformation, taxation has increasingly become a tool of structural exclusion, entrenching inequality, shielding elite wealth, and marginalising the vulnerable. This article undertakes a critical examination of India’s fiscal architecture through the prism of constitutional values, democratic accountability, and redistributive justice.

With the growing trends of Multinational Companies employing Debt financing instead of equity financing, not only the capital structure of the Companies were distorted, but also the problem of profit shifting and base erosion occurred. Even though the origin of the implementation of thin capitalisation rules in India can be traced back to OECD guidelines, there were a handful of nations that had implemented the rule even before the OECD had acknowledged the problem. What has

With the growing trends of Multinational Companies employing Debt financing instead of equity financing, not only the capital structure of the Companies were distorted, but also the problem of profit shifting and base erosion occurred. Even though the origin of the implementation of thin capitalisation rules in India can be traced back to OECD guidelines, there were a handful of nations that had implemented the rule even before the OECD had acknowledged the problem. What has

After the proposal of the new Financial Bill (No.2), in 2024, a lot of new avenues have been opened. The previous income tax act, 1961 po...

The ambiguous realm of classifying the money expended for non-competing covenants has been under scrutiny for decades. It has led to vari...