We were recently asked for an opinion on the taxation on cryptocurrency under the Finance Bill, 2022. The following are the questions and in very short, the answers.
The Finance Act, 2022 which governs financial proposals for FY 22-23 has introduced taxation of Virtual Digital Assets (VDA) which is defined under section 2(47A) of the…
In India, The Indian Contracts Act of 1872 (“the Act”) governs the essential elements of a contract, and dictates that parties entering into a contract should do so with free consent (aka free will). Parties entering into a contract are said to consent when they agree upon the same thing in the same sense.
Section…
Older than the nations’ independence is its labour laws, and the Central Government is finally attempting to consolidate, unify and improve them through 4 (four) new Acts. Hailed as modern labour law, the Codes are drafted and designed to improve working condition and more importantly augment ease of doing business in India. The codes consolidate…
The Data Protection Bill, 2021 (“Bill”) was introduced in Lok Sabha by the Minister of Electronics and Information Technology in December, 2019, which was tabled before the Joint Parliamentary Committee. The Bill seeks to provide for protection of personal data of individuals. The Bill governs the processing of personal data pertaining to characteristics, traits or…
It is a widely appreciated and accepted concept that customer is king, and following this concept, solving customers’ problems and queries is an essential part of every business. A customer expects flexible engagement and fast resolution(s), and to resolve this, technology companies are developing AI based powerful chatbots. A chatbot is a software based on…
Authored an article analyzing different dispute resolution mechanisms adopted by India-centric Crypto Exchanges. The article can be read here, https://coincrunch.in/2021/06/10/can-you-legally-challenge-indian-crypto-exchanges-heres-what-their-terms-say/
Justice delayed is justice denied. A minor victim of rape sought termination of pregnancy within time but the matter was unnecessarily delayed due to red-tapism and systemic indifference. This delay frustrated the victims’ right to terminate the pregnancy. The State in its capacity as a protector of the rights of its women endeavored to protect…
The year 2020 began with the world economies coming to a standstill vis-à- Coronavirus aka. COVID-19. With lockdown being put in place the country has come to a standstill. The State borders have been shut, commercial transportation is hit, goods neither moving in nor moving out, unless they are on the essential commodities list. Such…
Food and Safety Standards Authority of India, the autonomous body that regulates food safety and regulations in India, published the Food Safety and Standards (Recovery and Distribution of Surplus Food) Regulations, 2019 (“the Regulation). The Regulation streamlines and specifies the responsibilities of food donors, food banks and food distribution organizations that are engaged in distributing…
“That apart when one is required to judge the case of another, justice should not only be done, but it should also seem to be done is the bottom line”, explained the Supreme Court of India in the matter of Vinod Bhaiyalal Jain & Ors. Versus Wadhwani Parmeshwari Cold Storage Pvt. Ltd.. The Supreme Court…
