Under Clause 536(n) (the “Repeal and Saving” provision) of the New Income-Tax Bill, 2025, the following change is allowed: Any long-term capital loss (LTCL) brought forward under the old Income-Tax Act, 1961 — incurred up to March 31, 2026 — may be set off and carried forward against any capital gains (including short-term capital gains, […]
LTCL & STCG Set-Off Explained: New Income Tax Bill,2025 Read More »
The Income-tax Act, 1961 has served as India’s direct taxation framework for over sixty years and , over time, has been amended innumerable times to accommodate the prevailing issues as well as new priorities. However, since the original enactment of the Income-tax Act, India’s economic structure, statute-based structure and technological influence has changed massively. Consequently,
New Income Tax Bill, 2025: Key Changes, Impacts & Why It Matters Read More »
On 5th August 2025, the sleepy village of Dharali, close to Harsil Valley in the Uttarkashi district of Uttarakhand experienced a cloudburst which caused flash floods and landslides, all of which wreaked havoc on the delicate Himalayan environment. The cloudburst resulted in the loss of lives and damaged some twenty plus houses, and blocked many
Why Cloudbursts Matter for UPSC? Dharali 2025 Case Study Read More »
As India and the US has already deployed the NISAR, and will place Blue Bird soon, their economic relationship is beginning to fracture amid tariff increases and increasing geopolitical sanctions. This juxtaposition creates a new paradox at the heart of global diplomacy—scientific collaboration is flourishing in orbit, while economic orthodoxy is fraying below it. India
Tariffs on Earth, Satellites in Space: India-USA relations UPSC Read More »
Introduction: A Moment Where Law Surpasses Power The Constitution of India guarantees the rule of law as part of its commitment to equality, stating in Article 14 that no person, regardless of status or power, is above the law.India shows its commitment to equality before the law not just as a symbolic gesture. This commitment
Top 10 High-Profile Convictions Driven by Constitutional Morality Read More »