Income Tax

When A Princess Worried About Tax on Alimony

March 21, 2025March 21, 2025

All things in life have a tax angle, including alimony payments. In this article I elaborate on tax treatment of alimony payments under the Income Tax Act, 1961 (‘IT Act, 1961’). Upfront, these are the… Read More »

Skeletal Timeline of Income Tax Reform in India

February 13, 2025February 13, 2025

1860-1886: Income tax was introduced in India for the first time in 1860 to overcome the financial difficulties due to First War of Independence of 1857. The period of 1860-1886 saw the Govt alternating between… Read More »