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The proposed amendment is to take effect from 1st day of April, 2013.

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...

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...

Where should an Indian subsidiary of a European group have its immediate parent – in Greece or in Cyprus?

Now in deference to this, CBDT has rescinded the old ICDS and notified amended ICDS to be effective from tax year 2016-17 and onwards.

Even before reaching the milestone of the 13th anniversary of the Advance Pricing Agreement (APA) regime in India, CBDT achieved another milestone of signing 174 APAs in a given financial year (FY 24-25), with 34 APAs signed on a single day. This year also marked the year India entered into the first-ever Multilateral APA.

The Respondents contended that they are neither operational creditors nor involved in the making of the resolution plan.

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.

In the Income-tax Rules, 1962, in Part XV, after Rule 125, the following Rule shall be inserted to determine the period of stay of crew members of foreign bound ships in India.

There are few controversies under the indirect taxes that refuse to settle down. One such issue is related to the taxability of ‘Liquidated Damages'.

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.

The key decisions of the 32nd GST council meeting held on 10 January 2019 in New Delhi are given below

The due date for Annual Return in FORM GSTR-9 and Reconciliation Statement in FORM GSTR-9C for FY 2017-18 has been extended to 31 January 2020.

As a major relief to dealers holding pre–GST stocks, the Hon'ble Delhi High Court has granted interim relief to petitioners and allowed them to avail input tax credit (ITC) on unsold stocks which are more than twelve months old.

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.

Pursuant to the ambitious waterways project launched by the Government of India, five waterways in India have been declared as National Waterways so far.

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.