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The Union Cabinet has given its approval to the proposal of the Finance Ministry to promulgate an ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act, 2017.

Transfer pricing is a term that is often heard in the world of trade and commerce. If you are looking to start a business, it is important that you know about the meaning of this term when you do so.

In 2019, many countries experienced a reduction in tax base and a decline in tax revenues due to economic developments.

In the backdrop of various redevelopment projects being carried out in the city of Mumbai, Bombay High Court in the landmark judgement of Sarfaraz S Furniturewalla Vs. Afshan Sharfali Ashok Kumar & Ors. held that no TDS under section 194I of The Income Tax Act, to be deducted from transit rent.

The GST Council is empowered to take all major decisions concerning amendments of GST under the GST regime.

In line with the recommendations of the 53rd GST Council Meeting held recently, the Central Government has, in the Union Budget 2024 presented today (23 July 2024)...

In recent years, start-ups and the e-commerce industry in India have grown at a rapid pace.

Section 139A of The Indian Income Tax Act specifies the list of persons who are required to obtain Permanent Account Number (PAN card) within the prescribed time limits.

Foreign Account Tax Compliance Act (FATCA) is a US legislation that requires Financial Institutions (FIs) to report information on financial accounts held by US persons.

These nine pillars consist of safeguarding agriculture and farmers' welfare, emphasizing on the rural sector and its infrastructure.

In end May 2015, the Prime Minister Mr Narendra Modi's Government at the Centre completed 1 year of tumultuous rule.

The appellant, an advance licence holder, procured intermediate goods without payment of duty from another advance licence holder under Notification No. 44/2001-C.E (N.T)...

The Gujarat High Court (the "HC"), in a recent ruling (the "HC Ruling"), dismissed the Indian tax department's (the "ITD") appeal against a Tribunal Ruling allowing the taxpayer...

The Central Board of Direct Taxes (CBDT) vide press release dated 10.05.2016 issued the protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains between India and Mauritius.

Since we published our Duane Morris Alert on 19 June 2015 reviewing the Indian Government's applicability of minimum alternate tax (MAT) on foreign portfolio investors (FPIs), the A.P. Shah committee has recommended to the Finance Ministry that MAT should not be imposed on FPIs for the period preceding 1 April 2015.

Given the recent surge in COVID-19 cases across the country, the Central Board of Direct Taxes (Apex body for direct taxes administration) (CBDT) has issued circular no. 08/2021 dated 30 April 2021...

To provide a fillip to current economic slowdown in the country, Finance Minister Nirmala Sitharaman