319 results found

An additional provision is also provided detailing the mechanism for the assistance in collection of taxes.

In Fullerton Financial Holdings Pte. Ltd. v ACIT [TS-1458-ITAT-2025], the Mumbai Bench of the Income Tax Appellate Tribunal (Tribunal) allowed capital gains tax exemption benefits to a Singapore entity which is indirectly owned by the Government of Singapore on the sale of grandfathered shares.

The Indian government has, in the recent past, introduced a mandatory requirement of furnishing Tax Residency Certificate, for non-residents seeking tax treaty benefits.

If it ain't broke, don't fix it! I guess this age-old wisdom escaped the Mauritian authorities, for they have finally given in to the long-standing pressure of the Indian government to review the double taxation agreement (DTA).

In this case, the owner of intangible assets under consideration was located in Australia. Accordingly, the said intangible assets were held to be located in Australia, i.e., outside India.

Delhi Tribunal had an occasion to discuss the long-lasting debate over the applicability of the Double Tax Avoidance Agreement (DTAA) rates to the additional income tax levy...

CTIL pays Cummins supply management service fees at 5% of the base prices charged by suppliers.

The table below shows the respective position of India and the United Kingdom on article 16(1) and article 35(4) as per extracts from the database of the OECD Depositary as of 26th November 2020.

Recently, in the case of Buro Happold Ltd, the Mumbai Income Tax Appellate Tribunal held that the project-specific technical designs/drawings/plans supplied cannot be treated as FTS...

Indirect transfer controversy has been the most discussed issue in the Indian tax ecosystem. It began when Vodafone International Holdings Ltd acquired an indirect holding in an Indian entity...

The Supreme Court of India (SC) in Director of Income Tax-II (International Taxation) v M/S Samsung Heavy Industries Co. Ltd. (Civil Appeal No. 12183 of 2016)

In this case, the assessee, engaged in the business of wet-leasing of aircrafts, had acquired four old Boeing aircrafts from a non-resident company outside India.

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 March 2023.

Teaching services provided by a United States' non - profit body in India does not constitute FIS by virtue of Article 12(5)(C) of the India- US DTAA.

For more than two decades, offshore holding structures using Mauritius and other treaty jurisdictions have been a staple of foreign investment into India, particularly for venture and private equity funds.

Capital inflows from foreign portfolio investment have been pivotal for India's economic growth.

Mauritius company is not chargeable to Indian capital gains tax under India – Mauritius tax treaty, on sale of shares of an Indian company.