406 results found

For the assessment year 2008-09, the assessee filed return of income declaring, inter-alia, 'short term capital gains' in respect of shares sold on recognized stock exchange which were taxable @10%.

The assessee, a limited company incorporated under the provision of the Companies Act, 1956, was engaged in the business of manufacture of television sets and components...

The Hon'ble High Court at Bombay (High Court) in the case of Dinesh Vazirani (Taxpayer) [Writ Petition No. 2475 of 2015], has held that the consideration for sale of shares by a seller...

Pursuant to the order of AAR, Tiger Global filed a writ petition before the High Court and the High Court quashed AAR's order and held that Tiger Global is entitled to benefits under the DTAA and their income is not chargeable to tax in India...

The Chennai Bench of Income Tax Appellate Tribunal, in the case of Sundaram Alternative Opp Series High Yield Secured Debt Fund rejected the tax officer’s attempt to re-characterise the Fund's investment income as business income and affirmed the tax exemption for the Fund.

Vaish Associates Budget 2019 presentation.

The recent Supreme Court ruling in the Tiger Global matter marks a decisive shift in Indian international tax jurisprudence, which for over a decade had been shaped by the Court's landmark decision...

The Directive Principles of State Policy, enshrined in Part IV of the Indian Constitution articulates that India is a welfare state. A welfare state is a form of government in which the state protects and...

A Division Bench of the Rajasthan High Court has ruled that Build-Operate-Transfer concessionaires must pay GST on works contract services rendered to NHAI, treating toll collection rights as taxable consideration. This landmark judgment fundamentally reshapes the tax landscape for highway PPP projects, potentially affecting project bankability, investor appetite, and the cost mechanics for developers participating in India's infrastructure development bids.

The Act also introduces clear provisions on loss, damage, and recovery procedures, including strict notice periods and a one-year limitation for claims, while recognising the growing role of digital documentation and electronic bills of lading...

Union Budget 2022, the 10th budget presented by PM Narendra Modi's government was anticipated to be a ‘Growth Budget'.

India's dynamic and rapidly growing economy, supported by a robust capital market, continues to attract Non-Resident Indians (NRIs) seeking to diversify their portfolios and participate in the country's growth story.

Under the erstwhile provisions of the Income tax Act, 1961 ("the Act"), where the partner withdrew money from capital account with the partnership firm, there was no provision to tax the same...

With increased globalization and the growth of information technology, the import of technical know-how, acquisition of software and technical services is not very uncommon in developing economies like ours.

Merger is a process whereby two or more enterprises may come together sharing their liabilities, responsibilities, assets and trade objectives.

The CBDT has issued a circular on 7 November 2017 granting some relief from the applicability of Indian capital gains tax on indirect transfers of Indian assets as contained in the Income Tax Act, 1961 (IT Act) to certain offshore holding structures.

The Bangalore Bench of the ITAT has delivered an important ruling clarifying the tax treatment of consideration received on repurchase of vested but unexercised employee stock options (ESOPs). The Tribunal held that such consideration is taxable as capital gains and not as salary since the options were never exercised and no shares were allotted.