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With India's black money economy size ranging between 23% to 26% of the Gross Domestic Product, fighting the demon of black money is the alarming concern faced...

Gifting of immovable property is a popular mode of transferring the ownership and possession of one's property in favour of another without any consideration or money.

Transaction amongst taxpayer and Indian permanent establishment of its overseas group entity does not fall within the ambit of "international transaction" and thus, is not subject to Indian Transfer Pricing provisions

The 56th GST Council meeting held in New Delhi on September 3, 2025, introduced significant reforms aimed at rationalising tax rates across sectors, including the automotive industry.

India recently notified the new Double Taxation Avoidance Agreement (‘ New DTAA'), entered into with the state of Qatar, on October 24, 2025.

Section 43B of the Income-tax Act, 1961 (‘IT Act') allows deduction of expenses only on payment basis.

Discounts serve as a powerful strategic tool to stimulate sales, attract new customers and strengthen a brand's competitive edge in price-sensitive market.

Pursuant to a favourable tax ruling for Tiger Global Eight Holdings in the Policybazar case, in the Flipkart Singapore case involving Tiger Global International Holdings (the "Taxpayer")...

Budget 2022 brought in another set of significant modifications be it extending time limit for certain compliances in the GST laws or change of definition of 'Proper Officer'...

This edition covers several topics including ‘ITC under GST' and the issues of adopting the HSN system under GST. Additionally, the newsletter provides key judicial pronouncements from various High Courts & AARs, ...

Multinational companies often share their talent pool across borders and jurisdictions to achieve various objectives. Most common purposes are to supervise the quality, procurement or delivery...

Under the Indian domestic tax laws, the non-residents availing benefits of a tax treaty are required to furnish a Tax Residency Certificate (TRC), along with a self-certified Form 10F...

In a recent ruling, India's Supreme Court has held that the term "management and control" of a company means where the head, seat and the directing power of the business affairs lie.

Authority for Advance Rulings (AAR): Capital Gain arising on transfer of shares of Indian listed company was held to be exempt from tax in India in the hands of a company resident of Mauritius.

The rapid global scale outbreak of the novel coronavirus (COVID-19) has taken the world by storm.

Overall, by effectively showcasing the value and impact of the licensed IPR on the company's operations and growth in the Indian market, companies can increase their chances of successfully negotiating a more favorable tax arrangement with the authorities.

The Union Budget 2026 has introduced significant changes with wide-ranging implications. Our experts at Lakshmikumaran & Sridharan Attorneys have analysed these announcements in detail.