Navigating India’s Tax Landscape: Key Highlights from CNK’s April 2025 Domestic Tax Insights
India’s tax environment continues to evolve, with recent judicial rulings, legislative changes, and regulatory updates shaping the compliance landscape for individuals and businesses alike. The April 2025 edition of CNK & Associates LLP’s Domestic Tax Quarterly Insights provides a comprehensive analysis of the latest developments, including major verdicts, Finance Act amendments, and CBDT notifications that carry significant implications for taxpayers.
Among the standout topics are landmark judicial decisions clarifying taxation on joint property ownership, gifts from stepsiblings, compensation for relinquishing legal rights, and vacancy-related rental income. Additionally, updates to the Finance Bill, 2025—including the abolition of the Equalisation Levy on online ads and new IFSC-related exemptions—highlight the government’s intent to simplify and modernize India’s tax framework.
This edition is essential reading for tax professionals, financial advisors, and business leaders aiming to stay ahead in a dynamic regulatory environment.
