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

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).

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