In 2001, our client Mangal bought one kilogram (kg) of gold coins for ₹ 4 lakh savings held in a form she trusted. By 2015, they were worth ₹ 27 lakh, sitting in a locker, […]
EGRs Can Unlock Household Gold at Lower Cost to Taxpayers Read More »
Budget 2026 offers several promising reforms, but one provision threatens to overshadow them all: taxing capital gains on Sovereign Gold Bonds bought from the secondary market. Previously, RBI redemption was tax-exempt regardless of how the bonds were acquired; restricting this benefit only to original subscribers is effectively retrospective, with an estimated impact of about ₹8,000 crore.
Other measures are constructive—TRS-based sell-downs could deepen the corporate bond market; overseas individuals of non-Indian origin may soon invest in Indian equities; and proposals such as exempting global income of returning experts and enabling online low-TDS certificates could ease frictions for talent and startups. Yet some areas fall short, including limited relief in TCS on overseas tours and a less calibrated STT hike.
Rolling back the SGB amendment is essential to avoid reviving concerns over retrospective taxation and to let the Budget’s genuine positives shine through
Virtual retro tax overshadows many positives of this Budget Read More »
An analysis of the capital gains tax income accruing to the Government as a result of the retrospective amendment taxing Sovereign Gold Bonds (SGBs) purchased through the secondary market. Download the analysis file here
300 Crore Retrospective Tax Is It Worth It? Read More »
Once romanticised like smoking in 1960s cinema, options trading has become India’s new aspirational vice. Cloaked in technical jargon and regulatory legitimacy, it promises quick wealth while quietly delivering losses—over 93% of retail traders lose money. Recent SEBI orders expose an ecosystem of sophisticated extraction and misleading “education.” If options trading is to be deglamourised, regulation alone won’t suffice; it will require sin taxation, punitive treatment of speculative gains, and sustained cultural signalling—much like the long battle that stripped cigarettes of their allure.
How options trading became India’s new smoking habit Read More »
Rajesh and Seema’s ordeal with a stalled housing project shows how India’s home loan system masks the biggest risk in real estate — that under-construction projects may never be completed. Banks and buyers treat them like ready homes, offering or taking loans at the same rates despite far higher uncertainty. With weak enforcement of RERA safeguards, homebuyers are left exposed. Differential interest rates — lower for completed homes, higher for under-construction ones — would make risks visible, protect buyers, and push the housing finance system toward fairness.
Loan rates should mirror unfinished homes higher risk Read More »
Have you ever sold a car and signed a blank transfer form — did you know it could stay in your name for months and even end up as a terror tool, just like in the Parliament attack of 2001?
RCs often remain in the seller’s name while vehicles pass through multiple hands. If that car is in an accident, you may still be liable. Worse, it can be misused in crime — even terrorism — while the records still show you as the owner.
Other countries have solved this problem with simple processes. India’s draft rules of 2022 offered a clear solution: dealer authorisation, digital delivery intimation, and deemed ownership during possession. Yet three years later, these reforms remain unnotified.
Notify draft rules making dealer liable for sold vehicle Read More »
How can travel choices become a peaceful form of protest?
In the latest Truth Be Told column, Harsh explore how Indian travellers can use their passports to quietly express dissent—through conscious economic disengagement rooted in dignity and values.
Passport as instrument of peaceful protest Read More »
For details of the Listed shares with IEPF – Click here
Details of Unclaimed Amounts as on 31-03-2025 Read More »
Vigilance Awareness Week 2025 is being observed from October 27th to November 2nd, 2025, with the theme:
All stakeholders are encouraged to participate in the e-pledge initiative by visiting the CVC portal: https://pledge.cvc.nic.in/.
