India’s Income-tax Act, 1961 adopts an inclusive and anti-avoidance definition of “dividend” under Section 2(22).

Section 263 Order Passed in Name of Non-Existent Company Held Void

Minimum Alternate Tax (MAT) was introduced to tax “zero-tax companies” that reported good profits in books but paid little or no income tax due to exemptions and incentives. With the Finance Bill, 2026, MAT itself has been re-engineered. The Government now wants most companies to move to the simpler, concessional corporate tax regime (like 22%/15% rates without exemptions).

From FY 2023–24 onwards, delayed payments to Micro & Small enterprises can hit you twice: Under Income Tax (Section 43B(h)) – expense gets disallowed if you miss the MSME time limit. Under MSMED Act – you may have to pay hefty compound interest to the MSME supplier.

In India, gold and jewellery are not just investments — they are emotion, tradition, security, and status.

What is disclosed and taxed cannot be treated as “income escaping assessment”.

Even when normal tax is NIL, MAT can still be payable.

On 13th December 2025, the Central Board of Direct Taxes (CBDT) released an important Press Release that every taxpayer in India must read carefully.