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Suvarna Chandrakant Bhojane (‘the Assessee'), had entered into a development agreement for construction of flats on her land.

Sections 73 and 74 of the Central Goods and Services Tax Act, 2017 ('CGST Act') contain provisions for determination of tax short paid or not paid and the process...

The Central Board of Indirect Taxes and Customs (CBIC) recently issued a few circulars, in addition to those issued on 26 June 2024...

Aggrieved by the same, both parties filed an appeal before the Income Tax Appellant Tribunal ("the ITAT"/ "the Tribunal").

The Union Budget presents a roadmap to India's burgeoning future, including major economic reforms and incentives. We have summarized a few key amendments that may have an impact on foreign businesses or subsidiaries of Foreign Companies operating in India.

The Income Tax Appellate Tribunal (the Tribunal) "B" Bench, Bangalore has been making headlines across the country of late for its pro-assessee ruling in the decision in The Deputy Commissioner of Income Tax...

CBIC has issued various clarifications with respect to Order dated 27 April 2021 issued by Supreme Court extending period(s) of limitation under any general or special laws in respect of all judicial or quasi-judicial proceedings.

The Hon'ble Pune Tribunal in case of Aptara Technologies Private Limited v. DCIT has held that depreciation on goodwill arising pursuant to an intra-group amalgamation is not allowable.

The Lok Sabha passed the Finance Bill presented in this year's Budget on 24 March 2022. In this alert, we have summarized the key changes made to the Finance Bill.

In a recent ruling, the Mumbai Bench of the Income-tax Appellate Tribunal (the "Tribunal") has held that commission income earned by a non-resident distributor of mutual fund schemes of an Indian company cannot be taxed in India...

On 8th October, 2021, the OECD/G20 Inclusive Framework on BEPS issued a "Statement on a Two Pillar Solution to Address the Tax Challenges Arising from the Digitisation of the Economy" .

The 'recommendations' of the GST Council are a product of a collaborative dialogue involving the Union and States and are recommendatory in nature.

To sum up, the Indian Government is running a progressive taxing system, giving a proper tax on taxation of individuals' income.

SKP's flagship publication that captures key developments in the areas of Tax and Regulatory.

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 April 2023.

This perhaps sums up the on-going conundrum surrounding angel tax in India.

The introduction of Goods and Services Tax (GST) in India has evoked an unprecedented range of emotions such as excitement about the concept...