top of page


Withholding Tax Implications of Joint Development Agreement – Under New Income Tax Act 2025
Under the Income Tax Act, 2025 (which governs payments and credits made on or after April 1, 2026), the central government overhauled and consolidated India's direct tax system. While the fundamental tax policy and matching principles remain unchanged, the structural framework, section numbers and compliance forms have completely shifted. The new sections, rules and practical updates relating to old Section 199 and Rule 37BA in the context of Joint Development Agreements are

Parul Aggarwal
May 246 min read
bottom of page