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This article examines the ruling of the Supreme Court in Morgan Stanley and the ramifications of that case for the interpretation of the treaty article on permanent establishments and the attribution of profit to a permanent establishment in an international context.

The case of Sadhu Overseas, Faridabad Vs State of Haryana decided by Haryana Tax Tribunal on 21.10.03 has held DEPB as equal to money and thus not goods taxable under HGST Act, 1973. DEPB was earlier decided as taxable goods liable to tax by Delhi High Court.

India’s Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) were designed as tax-efficient ways to invest in income-producing assets through a regulated, transparent structure. That promise remains, but three successive legislative reforms between 2023 and 2026 have changed the tax structure for these business trusts and their investors.

When it comes to policy decisions at least at the Federal Government level, policies introduced by the previous Government is not reversed by the successive Government.

Government of India has recently allowed 100% FDI for development of townships, including housing, commercial premises, hotels, resorts city and regional level infrastructure facilities such as roads and bridges, mass rapid transit systems and manufacture of building materials.

Tax proposals. Non-resident / International taxation.

We are pleased to present the August issue of SKP Global Updates – our newsletter that covers employment, payroll, Goods and Services Tax (GST)/Value Added Tax (VAT) and corporate tax related developments globally.

In line with the phased reduction in corporate tax rate, as announced by the Finance Minister (FM) last year, the Bill proposes to reduce the corporate tax rate from 30% to 29% for certain small domestic companies.

The recent developments and changes in the 2025 budget by Union Minister Nirmala Sitaraman have triggered major changes in the Indian Taxation system and the economy.

India has been a front - runner in implementing the initiatives of the Organisation for Economic Cooperation and Development ...

Many people seek legal aid, but what about the charged GST? This article details the changes made to the Indian indirect taxation system regarding the GST on legal services.

The tax rates and income slabs under the Income-tax Act, 1961 (IT Act) remain the same, other than the following proposed changes

For Alternative Investment Funds (AIFs) in India, the second certainty often proves more complex than the first.

All eyes are set on the upcoming monsoon session of the Parliament beginning August 1, 2011, where various bills of great national importance are likely to be debated and passed.

The Finance Bill, 2017 (Bill) proposes to reduce the corporate tax rate from 30% to 25% for small and medium-sized enterprises having a turnover of up to INR 500 million in financial year, i.e. from 1 April to 31 March (FY) 2015-16.

On May 14, 2015, the Finance Bill, 2015 got assent of the President and enacted as the Finance Act, 2015 (No.20 of 2015) vide Gazette Notification dated May 14, 2015.