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Owing to the favorable regulatory regime in India and considerations such as diversification, competition and access to growing markets, cross border mergers involving Indian companies is expected to go up in volume and size.

A discussion on the recommendations made by the Government of India in its report on "Taxation of Development Centers and IT Sector".

The Indian Finance Minister Mr. Arun Jaitley announced India's 2016 budget proposals ("Budget") before the Parliament earlier today.

The Federal Tax Authority (FTA) has issued a comprehensive guide on "Determination of Taxable Income," which provides an overview of the adjustments required to be made to the accounting income...

In addition to the highlights of the Budget-2016 in our previous issue of Newsletter Vol. IX, Issue III, another round-up of the same is briefed.

The Supreme Court held that rendition of support services by Indian group company to its parent company in the US would not lead to creation of permanent establishment (PE) of the parent company in India in terms of India-USA Double Taxation Avoidance Agreement (DTAA).

Tax implications on share buy-backs have undergone significant changes pursuant to the amendments proposed to be introduced in accordance with the Finance Act (No. 2), 2024. In light of the amendments, companies and investors will need to reconsider their approach for exits and repatriation of surplus funds.

The Delhi High Court, in the recent ruling of Birlasoft Ltd., 1 while dismissing the appeal the Revenue challenging the order passed by the Income-tax Appellate Tribunal ('ITAT')...

Amends Notification No. 12/2012-Cus. dated March 17, 2012 to impose customs duty on skimmed milk powder.

Globe Capital Market Ltd (‘Assessee’), is engaged in the business of the share broking and clearing of trades.

On January 24, 2017, the Central Board for Direct Taxes issued a circular enumerating the Guidelines for Determining the Place of Effective Management (hereinafter referred to as "POEM Guidelines") of a company.

Global Capability Centres (GCCs), also known as Global In-house Centres (GICs) or captive centers, have become a cornerstone of India's IT and IT-enabled services (ITES) sector.

Indian startup ecosystem has evolved considerably since the early days of economic liberalization. The startup ecosystem has become an engine of growth and job creation...

In an unprecedented move, with a view to boost the slowing Indian economy, the Government of India passed an ordinance substantially reducing corporate tax rates with immediate effect.

The Mumbai bench of the Income-tax Appellate Tribunal (ITAT) has delivered a ruling favoring the taxpayer which could impact corporate restructurings significantly and increase the popularity of LLP as a preferred form of entity for business.

The Finance Minister in the Budget Speech emphasized reducing the tax burden in India and making India an attractive destination for foreign investments.

The 2018-19 Union Budget, announced at the beginning of February 2018, contained pertinent information for businesspeople investing in the country.

Business transfers can fail even after legal closing when operational contracts, tax and stamp-duty treatment, and governance rights have not been dealt with together. The buyer may acquire the business legally but still face disrupted operations, restricted commercial rights or unexpected tax liabilities from the first day.