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In a landmark ruling, the Delhi bench of the Income Tax Appellate Tribunal (Tribunal) in the case of Giesecke & Devrient Pvt Ltd (Taxpayer) v. The Additional CIT (ITA No. 7075/DEL/2017), held that the Dividend Distribution Tax payable ...

Supreme Court holds that outsourcing services provided by E-Funds Corporation, USA to its Indian affiliate does not constitute Permanent Establishment under the India-USA Tax Treaty.

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...

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

In a landmark ruling, the Supreme Court of India has denied capital gains tax exemption claimed by Tiger Global International II Holdings, Tiger Global International III Holdings and Tiger Global International IV Holdings under the double taxation avoidance agreement between India and Mauritius on sale of shares of Flipkart Private Limited.

The Companies Act, 2013 governs all Private Companies in India. This is an entity type where a foreign investor(s) owns the entire share capital.

India has long been recognized as a global hub of highly trained and skilled workforce, especially in technology, finance, and business services. This talent pool has been a key driver...

Recently, the Delhi High Court (HC) delivered a noteworthy judgment1 quashing the ruling2 of the Authority for Advance Rulings (AAR) that denied Tiger Global International III...

Welcome to the first edition of Focus on India, a round up of Mayer Brown's perspectives, news and events.

As per Indian Tax laws1, payments made to Non-Residents/Foreign Companies for Fees for Technical Services (FTS) and Royalties were liable to tax at the effective tax rate of 10.92%...

The proposed safe harbor from domestic taxation for offshore funds would follow the precedents in UK and other jurisdictions.

The assesses considered the payment to the overseas company as reimbursement of salary costs not liable to tax in India in the absence of any income element.

In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal held that Indian resident shareholders of a British Virgin Islands company cannot be treated as the beneficial owner of the foreign assets owed by such company, in the absence of any investment from undisclosed sources.

In the case of General Motors Company USA v Assistant Commissioner of Income Tax – Circle (International Taxation), 2024 166 taxmann.com 170 the Delhi bench of the Income Tax Appellate Tribunal (ITAT)...

In the dynamic start-up landscapes of Southeast Asia (SEA) and India, convertible notes have become a favoured tool for initial fundraising efforts.

The provisions of Chapter X-A of the Income Tax Act, 1961 relating to General Anti-Avoidance Rule (GAAR) will be enforced from 1 April 2017.

Over the past few years, the Foreign Direct Investments (‘FDI') in India have been on a steep rise. As per the 2023 edition of the World Investment Report...