3,454 results found

Advertising, marketing and promotion (AMP) expenses incurred by an Indian entity may cause benefit to an overseas related party or an associated enterprise (AE).

Cummins Inc. is a foreign company, rendering services in respect of desktop/laptop software license and internet mail facilities to its Indian associated enterprises, i.e. CIL and CSSL which were paying IT charges provided by the taxpayer.

The Madras High Court has held that Notifications Nos. 9 and 56/2023-Central Tax, issued for the purpose of increasing the time limits for issuance of SCN and adjudication...

The Delhi bench of the Income Tax Appellate Tribunal in a recent ruling in the case of Luxottica India Eyewear Pvt Ltd (ITA No. 344/Del/2017)...

As the country stands on the cusp of a transformational tax reform.

In a recent decision in the case of M/s Direct Media Distribution Ventures Private Limited v Principal Commissioner of Income Tax, the Mumbai bench of the Income Tax Appellate Tribunal while deciding on the issue ...

Legsys AI Technology Foundation("the Applicant"), a not-for-profit company, was incorporated with the object of providing access to justice to the public, by rendering pro bono tech-services to District Courts, with the aid of Artificial Intelligence (AI).

To give a fillip to start-ups and not levy tax on excess premium received by them, the CBDT had earlier exempted registered start-ups from the applicability of angel tax.

As Indian taxation authorities shift gears and white-collar crime investigations transcend, India Inc. has been warming up to the idea of objective, swift and focused defence...

The Budget 2015 has, quite notoriously, placed an amendment to Rule 6 of the Cenvat Credit Rules, 2004 by including non-excisable goods into its fold.

The petitioner invited an e-tender for the construction of 100 family quarters (Type II, III, and IV), including internal water supply, sanitary installations, and electrical works for the ITBP...

In Transfer Pricing documentation/ audits, it has often been observed that taxpayers/ Tax Authorities alike have mistakenly benchmarked

The Finance Act, 2022 (FA 2022) amended the Income-tax Act, 1961 (IT Act) by introducing a new taxation regime in relation to Virtual Digital Assets (VDAs) wherein:

The CBDT with the objective to reduce litigation and to maintain consistency in approach on the issue of treatment of income derived from transfer of shares and securities, has issued circular no. 6/2016 dated February 29, 2016.

Expenditure incurred to settle proceedings initiated in relation to contravention or defaults under (1) SEBI Act, (2) Competition Act, (3) Depositories Act and (4) Securities (Contracts) Regulation Act – Deductibility.

CBDT through press release dated 27th May, 2025 extends the due date of furnishing tax return, under section 139(1) of the Income Tax Act, 1961 (‘the Act'), from July 31, 2025 to September 15, 2025.

The government has issued Notifications to give effect to certain key amendments pertaining to GSTR-9 and GSTR-9C, which were introduced in the Union Budget 2021 based on the recommendations of the GST Council.