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Unlocking Tax Certainty and Labour Flexibility

Unlocking Tax Certainty and Labour Flexibility

Date: 12 Feb 2026

Time: 9:30 AM

Venue: Physical Session in Hyderabad

 

As India transitions to the New Income Tax Act, 2025 (effective 1 April 2026), the experts will break down critical updates to the direct tax landscape, including recent proposed changes by the Finance Bill, 2026.

The seminar will further deep dive into the strategic Customs shifts, highlighting proposed amendment under the Customs, important rate changes on various goods, new duty exemptions for critical sectors and specific focus on India’s recent FTAs. Similarly, the seminar will also discuss the latest GST structural changes.

The seminar also intends to cover the recent Labour Laws Reforms. The session will offer a comprehensive and practical overview of wage restructuring, highlight high-impact areas and examine the potential cost implications on account of social security obligations.

The sessions will be as under:
 

SessionTimingTopics to be covered
Registration – 9:30 AM to 10:00 AM
Direct Tax changes10:00 AM 
to 11:30 AM
  • Resolving disputes: Retrospective/ Clarificatory amendment
  • Taxation on Buy back of shares
  • Non-allowability of interest deduction against dividend income
  • Rationalization of MAT provisions
  • Transfer Pricing Amendments
  • Amendments for Attracting Global Business and Investment
  • Rationalization of penalty and prosecution proceedings
  • Amendments to Updated Return
  • Key TDS and TCS amendments
Customs and GST changes

11:30 AM 

to 1:00 PM

  • Customs Act proposed amendments, including extension of validity for Advance Rulings, fishing activities in international waters
  • Crucial customs rate changes on various goods – Sector wise, marine, leather, textile, electronics, pharmaceuticals 
  • Overview of recent FTAs – India-EU, India-EFTA, India-UK
  • Amendments relating to post-sale discounts and credit notes
  • Refunds under inverted duty structure – Grant of provisional refund
  • Intermediary services – Export or not?
Lunch – 1.00 PM to 2.00 PM
Labour Law reforms2:00 PM
to 4:00 PM
  • Introduction to Labour Codes
  • Effective date & status of the Rules
  • Wage restructuring in line with the statutory definition of “wages”
  • Potential cost implications and high impact areas on account of social security obligations and provisioning towards gratuity and leave encashment
  • Scope and Applicability of Section 124 of the Social Security Code, 2020
  • Action items for the Employers


Speakers-

Narendra Dave, Executive Partner, LKS 
Satya Sai, Partner, LKS
Karanjot Singh, Partner, LKS
Noorul Hassan, Executive Partner, LKS
Akhilesh Kangsia, Partner, LKS

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