1,383 results found

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...

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.

The computation of refunds of accumulated Input Tax Credit (‘ITC’) by Special Economic Zone (‘SEZ’) units has recently become the subject of scrutiny...

In the recent notification issued by the Government of India, the government has updated the Goods and Services Tax (GST) rates levied on temporary or permanent transfer or permitting...

The Union Budget 2023 expanded applicability of Section 56(2)(viib) of the Income-tax Act, 1961 (the Act), commonly referred to as angel tax provisions, regarding the issuance of shares...

According to the department, serving bananas to the customer in a hotel room was an exempt supply of goods, not involving any element of service.

On December 31, 2018, the Indian Central Board of Direct Taxes ("CBDT") had issued a circular ("Circular 1") providing interpretation of the term ‘receives' in section 56(2)(viia) of the Income Tax

The Authority of Advanced Ruling (AAR), New Delhi dismissed the petition in the case of Tiger Global International II Holdings, Mauritius & Ors (Petitioner),

In 1998, Mahanagar Telephone Nigam Limited ("MTNL") invited tenders for Code-Division Multiple Access ("CDMA") technology supply on a turnkey basis.

India's dynamic and rapidly growing economy, supported by a robust capital market, continues to attract Non-Resident Indians (NRIs) seeking to diversify their portfolios and participate in the country's growth story.

India's journey into the digital age is a narrative of extraordinary growth and innovation. As a premier hub for technology services and emerging hub for electronics hardware manufacturing, India continues to play a vital role in the international arena.

A key challenge that has emerged post GST 2.0, is the distinction between ‘composite supply' and ‘mixed supply' and their tax treatment, due to widening of the GST rate gap to 13%.

As per the Minimum Alternate Tax (MAT) provisions under Section 115JB of the Income-tax Act, 1961 (the Act), the tax liability of a taxpayer would be higher of the (i) Tax liability of the taxpayer...

The Central Board of Indirect Taxes and Customs has on 26 June 2024 issued 16 Circulars (Circular Nos. 207 to 222/2024-GST) to clarify various issues as also highlighted in the 53rd GST Council Meeting

The question mentioned herein above is a highly debatable issue today. With various contrary orders being passed by the Courts all across the Country, the issue has still not been settled in order to fix the law of the land.

The Central Board of Direct Taxes (‘CBDT') on March 31, 2026, issued two Notifications, making amendments to the Indian Income-tax Rules, 1962 (‘1962 Rules') and the Income-tax Rules, 2026 (‘2026 Rules')...

The Assessee transferred 801 shares in Cash Grail (P) Ltd (‘CGPL') to Vun Internet Partners in April 2021 at a sale consideration of INR 54,960...