It is possible that one of the above risks identified may resonate with those who may have interfaced with the tax/exchange control authorities in India.

Last month saw further disclosure of 1,195 account holders in HSBC Private Bank in Geneva, Switzerland, with Indian addresses.

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

It is important to point out here that different companies will have to deal with this issue in different ways.

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

Virtually every high-tax nation has one or several symbiotic tax havens that reduce damage of excessive taxation.

In a recent order by ITAT Bangalore dated 30 December 2024, in case of Buckeye Trust, Tribunal's ruling on key arguments are summarized...

Lok Sabha passes the Taxation Laws (Amendment) Bill, 2025 on 11th August 2025, introducing certain amendments to the Income-tax Act, 1961 and the Finance Act, 2025.

Presently, India does not have an estate duty. The Estate Duty Act, 1953 which sought to impose an estate duty in India on property passing on demise was repealed in the year 1985.

We are pleased to present the latest issue of Tax Trends – SKP's quarterly newsletter that aims to provide insights into key direct tax developments in India.

On 20th June 2025, UDIN Directorate of ICAI announced that the information regarding Auditor's Opinion, henceforth, would be required to be filled in, while generating UDIN...

The DTI Regulations have notified the mechanism for determining (i) turnoveror income of an enterprise under Section 27 of the Act...

In a recent judgment (CIT vs. Chemech Laboratories Limited), the Madras High Court has held that where consideration is paid for all aspects of a transaction (with non‑compete covenants)...

The Hon'ble Finance Minister presented the Union Budget 2025 on 01 February 2025 in the Lok Sabha.

One of the key issues before the Ld. Madhya Pradesh Electricity Regulatory Commission (“MPERC”) was whether MB Power was entitled to gross-up its Return on Equity (“RoE”) notwithstanding the fact that, at the corporate level, it had not paid income tax during certain years owing to losses and unabsorbed depreciation arising from its other businesses. MPPMCL opposed the claim, inter alia, on the grounds that the claim was barred by limitation and that grossing-up could not be permitted in the absence of actual tax payment by the corporate entity.

The Supreme Court has established critical procedural requirements for arrests under the CGST Act, mandating that orders under Section 69 must be communicated to the accused before arrest to protect their right to seek anticipatory bail. This landmark ruling addresses the balance between investigative powers and fundamental rights to liberty, while also clarifying limitations on interim relief when pre-arrest bail petitions are dismissed as non-maintainable.

The Calcutta High Court has ruled on a critical distinction in GST proceedings regarding the timing requirements for demand orders under Section 73 of the CGST Act. When an order is digitally signed within the limitation period but uploaded to the portal after the statutory deadline, does this constitute a valid issuance or a procedural violation that invalidates the demand?

The Madras High Court has delivered a significant ruling on the constitutional limits of the GST Council's authority, specifically addressing whether this body possesses the power to ratify notifications issued by the Central Government under the CGST Act. The judgment examines the scope of powers available to constitutional and statutory bodies, establishing critical precedents for tax administration in India.

The Supreme Court has ruled on whether the assembly of imported photocopier modules in warehouses constitutes 'manufacture' under the Central Excise Act, examining the distinction between customs duty classification and excise duty liability. This case addresses the critical question of when simple assembly operations cross the threshold into manufacturing activity for tax purposes.

The GSTAT Bench at Thane has dismissed Revenue department’s appeal filed against the appellate authority’s decision allowing exemption under Sl. No. 9 of Notification No. 02/2017-CT(R) to the assessee who was using manufacturer’s name...