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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.

AIFs has 3 different categories i.e. Category I (VC Funds, Debt Funds, etc.), Category II (PE funds, Real estate funds, etc.) and Category III (Hedge funds, etc.).

A question arises is whether a foreign company which has earned income from a source in India is required to file its tax return in India.

India's traditional policy of non-alignment and the Swiss policy of neutrality, coupled with shared values of democracy and rule of law have forged close ties between the two countries.

Upon the Multilateral Instrument (MLI) entering into force, PPT has been introduced as a minimum standard in India's tax treaties covered by the MLI.

Since the introduction of a new governmental policy in 1991 to bring in reforms to encourage investment in India, the number of cross-border mergers and acquisitions has increased.

With globalisation and fast expanding businesses beyond Indian territory, Indian Companies avail various kinds of services from Companies and professionals outside India and incur expenses like Royalty, ...

With an intent to simplify taxation regime in case of individual taxpayers and Hindu Undivided Family (HUF), Finance Act, 2020 has introduced Section 115BAC in the Income Tax Act, 1961 (IT Act).

Recently, in a significant ruling of Nestle SA, the Supreme Court of India had examined the interpretation of the Most Favoured Nation (MFN) clause in Indian treaties with OECD member countries.

India has become one of the largest markets for cryptocurrencies with Indians parking nearly USD 6.6 billion in cryptocurrencies until May this year, compared to USD 923 million until April 2020.

Switzerland and India entered into a Double Taxation Avoidance Agreement (DTAA) on 2 November 1994, with subsequent amendments through protocols on 16 February 2000...

The Budget 2020 had to play a balancing act in addressing the global economic slowdown while restoring hope of a previously promised 5 trillion economy.

The Finance Bill 2023 proposes to amend the Section 28(iv) of the IT Act to include cash/ monetary perquisites as well within its ambit.

COVID-19 has been declared as a pandemic, and there is no running from the demon! This pandemic has crippled the global economy, and its detrimental impact has spread rapidly.

In a recent case, the Ahmedabad Tribunal ruled that reimbursement made by an Indian company to a foreign company towards the cost of employees seconded by it to the Indian company does not attract tax withholding in 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 May 2024.

In a bold move aimed at increasing foreign investment, India has announced the withdrawal of its dividend distribution tax