The Central Board of Direct Taxes (CBDT) in India introduced the Faceless Reassessment Scheme by way of a notification in March 2022. This notification aimed to remove the interface between the Assessing officers...

The Orissa High Court has observed that the nature of refund claim in a case where tax was mistakenly paid twice...

The RBI issued the RBI (Regularisation of assets held abroad by person resident in India) Regulations, 2015 ("Regulations"), by a notification dated September 25, 2015.

The Government has by Press Release dated July 1, 2015 notified the date for compliance under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 ("Black Money Act") as September 30, 2015.

The Ministry of Commerce and Industry has extended the benefit of Scheme for Remission of Duties and Taxes on Exported Products (‘RoDTEP')...

A Protocol to Double Taxation Avoidance Agreement between India and Denmark that has entered into force on February 1, 2015, has been notified by Notification No. 45/2015/F No. 503/02/1998-FDI-I.

We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe for the month of September 2019.

We are pleased to present the latest issue of Transfer Pricing 360° - SKP's quarterly newsletter that aims at providing key insights into the recent transfer pricing developments in India and across the globe.

One of the fears that haunts business entities doing business in/with India is the rampant litigation and the amount of time taken for litigation to conclude.

Under India GST Law, importer in India was required to discharge GST under reverse charge on deemed value of ocean freight services under any CIF (i.e. Cost, Insurance and Freight) contract of import.

India unveiled the new draft Direct Tax Code (“the Code”) in August for public consultation.

Krishi Kalyan Cess (KKC) was levied @ 0.5% on all taxable services with effect from 1st June 2016.

The Hon'ble High Court of Delhi in the case of New Age Generators vs. The Commissioner, Value Added Tax, has vide its order dated July 12, 2016 . . .

Modi Government, in its third term at the Centre, presented its first full budget on July 23, 2024.

The State Government of Uttarakhand on 9 November 2015 amended the 'Uttarakhand Tax on Entry of Goods into Local Areas Act, 2008' (the Act) to provide for a special mechanism for collection of entry tax...

Various provisions inter alia Section 27 and Chapter VI of the Act, empower the Commission to impose upon enterprises and/or persons, monetary penalties, for indulging into anti-competitive conduct(s).

The Supreme Court in United India Insurance Co Ltd v Indiro Devi has held that salary certificate need not be the only basis to assess income of the deceased for arriving...

The Finance Act, 2022 amended the Income-tax Act, 1961 (IT Act) by introducing a new taxation regime in relation to Virtual Digital Assets (VDAs) wherein: (i) a 30% tax has been levied on income...

Special Economic Zones (SEZ) are the enclaves within domestic territory of of India which has special laws governing financial and economic aspect

The Finance Minister, in her budget speech has proclaimed the beginning of the next phase -"Ease of Doing Business 2.0".