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NRI Tax in India and New Income Tax Bill 2025

India’s central government has introduced the Income Tax Bill 2025 to replace the six-decade-old Income Tax Act of 1961, marking a major step toward a simpler and more efficient tax system. The Bill aims to simplify tax laws by removing outdated provisions, introducing a unified tax year, and enhancing transparency.

Legal Aspects of High-Yield Real Estate Investment in India: REITs and GIFT City

India’s real estate sector is undergoing a significant transformation, driven by the convergence of Real Estate Investment Trusts (REITs) and Gujarat International Finance Tec-City (GIFT City). This combination is reshaping investment opportunities, offering both domestic and international investors access to India’s growing real estate market, projected to reach $1 trillion by 2030. However, while these opportunities are promising, understanding the legal framework governing these investments is crucial for ensuring compliance and minimizing risks.

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ESG responsibilities: Hague Court of Appeal rejects claim for CO₂ reduction by Shell

European companies are not only faced with more and more ESG (Environmental, Social und Governance) regulations, but also court rulings on cases related to ESG-related topics, as a ruling by the Hague Court of Appeal shows. Board members and supervisory directors now should also be mindful that companies could be held accountable in court for their ESG responsibilities. The Ecovis experts explain what this means for companies.