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  • Article

    Budget 2026-27 | Why Buyback Taxation A Victory For Minority Shareholders And A Hurdle For Promoters

    While promoters may find the new tax rates less attractive than the pre-2024 era, the retail and institutional investor community will likely welcome the lower, more transparent capital gains rates...
    IndiaTax
    Alvarez & Marsal
    Alvarez & Marsal
  • Article

    Budget Buzz - OIDAR

    The 48th GST Council meeting had announced amendments to be made to the provisions relating to ‘Online Information and Database Access or Retrieval services' (OIDAR) to reduce interpretation...
    IndiaTax
    Economic Laws Practice
    Economic Laws Practice
Article

Common/consolidated SCN For Multiple FYs/tax Periods Permissible, However, Each Period Forming Part Of Notice Must Satisfy Limitation

The Karnataka High Court has ruled on whether tax authorities can issue a single consolidated show cause notice covering multiple financial years under the CGST Act. While affirming this practice is permissible, the Court established critical limitations regarding time-barred periods and clarified how 'tax period' should be interpreted in the context of Sections 73 and 74.
IndiaTax
Lakshmikumaran & Sridharan
Lakshmikumaran & Sridharan
  • Article

    COVID-19 Related Income Tax Relief Measures

    As the situation in view of COVID-19 is evolving, the Government of India has been announcing quite a few relaxations with respect to various income tax related provisions and compliances.
    IndiaTax
    Khaitan & Co.
    Khaitan & Co.
  • Article

    Delhi High Court Holds Transitional Cenvat Credit A Vested Right And Permits Availment Beyond Prescribed Time

    In an unprecedented decision, the Delhi High Court in the case of Brand Equity Treaties Limited v Union of India and Another has held the credit of taxes paid on inputs to be a vested right.
    IndiaTax
    Khaitan & Co.
    Khaitan & Co.
  • Article

    Discretion, Not Default – Penalty Under The Black Money Act

    It is a settled position of law that an imposition of penalty is a matter of discretion, in terms of the importance given to the requirement of an opportunity of hearing across statutes.
    IndiaTax
    AZB & Partners
    AZB & Partners
  • Article

    Easier Tax Refund For Exporters

    Conducting business across the borders has always been a profitable source of elevating the income sources.
    IndiaTax
    S.S. Rana & Co.
    S.S. Rana & Co.
  • Article

    Federal Tax Authority Announces Application Of RCM On Electronic Devices Among Registrants For VAT Purposes

    The Federal Tax Authority (FTA) has issued Cabinet Decision No. 91 of 2023, effective from 29 October 2023, which introduces a special Reverse Charge Mechanism (RCM) to the local supply of electronic...
    IndiaTax
    Nexdigm Private Limited
    Nexdigm Private Limited
  • Article

    Government Of Kerala Introduces The Kerala Flood Cess

    The Government of Kerala has introduced a cess as per clause 14 of the Kerala Finance Bill, 2019 called the "Kerala Flood Cess".
    IndiaTax
    Khaitan & Co.
    Khaitan & Co.
  • Article

    Government to Implement Advance Pricing Arrangements

    The Government of India ("GoI") has decided to give a breather to various multinational companies having business in India, from the aggressive tax administration in transfer pricing matters.
    IndiaTax
    LexCounsel
    LexCounsel
  • Article

    Impact Of GST Rate Changes On The FMCG Sector

    The 56th meeting of the GST Council, held in New Delhi on 3 September 2025, introduced a series of reforms aimed at simplifying the tax structure and making essential goods more affordable for the general public
    IndiaTax
    Lakshmikumaran & Sridharan
    Lakshmikumaran & Sridharan
  • Article

    India Confirms Intent To Sign BEPS Multilateral Instrument Curbing Tax Avoidance

    The Indian Union Cabinet today approved India's signing of the multilateral instrument (MLI) to implement the tax treaty measures in the OECD/G20 base erosion profit shifting (BEPS) action plan.
    IndiaTax
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    Key Highlights Of 36th GST Council Meeting

    The GST Council in its 36th Council Meeting held on 27 July 2019 via video conferencing has made following recommendations:
    IndiaTax
    Nangia & Co
    Nangia & Co
  • Article

    Key Highlights Of GST Notification And Clarification Circulars In April 2022

    The following are the user-friendly enhancements introduced on the GST portal in Form GSTR 1/IFF...
    IndiaTax
    Nexdigm Private Limited
    Nexdigm Private Limited
  • Article

    Madras HC Quashes Tax Demand For Lack Of Clear Valuation In Revenue-sharing Model

    The Petitioner, engaged in the business of providing diagnostic and healthcare-related services through laboratories and testing centers.
    IndiaTax
    Aurtus Consulting LLP
    Aurtus Consulting LLP
  • Article

    MAT Is Abolished – FM Announces Other Reforms

    Corporate tax rate to be 22% without exemptions, inclusive of surcharge and cess.
    IndiaTax
    AMLEGALS
    AMLEGALS
  • Article

    Metaverse – Are The Indian Laws Ready?

    In just over three decades of the world wide web's existence, over half of the world is now online; with the recent pandemic only augmenting it multifold.
    IndiaTax
    Economic Laws Practice
    Economic Laws Practice
  • Article

    NCLT Upholds The Delayed Claim Of Income Tax Authorities

    In a recent case1, the Chandigarh Bench of the National Company Law Tribunal (NCLT) upheld the delayed claim submitted by the Income Tax Authorities (the Department)...
    IndiaTax
    Nexdigm Private Limited
    Nexdigm Private Limited
  • Article

    Non-Compete Fee Allowable As 'Business Expense'!!

    In a significant ruling impacting ongoing disputes, the Supreme Court[1] has held that non-compete fees paid to ward off competition are allowable as revenue expenditure under Section 37(1) of the IT Act.
    IndiaTax
    AZB & Partners
    AZB & Partners
  • Article

    "Other Income" Of A Non-Resident – Adjustment Against Loss Incurred By A Permanent Establishment

    Attribution of profit to a permanent establishment (‘PE') and computation of the total taxable income of such an entity having PE in India is yet another...
    IndiaTax
    AZB & Partners
    AZB & Partners
  • Showing 161–180 of 1383 results

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