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  • Article

    Tribunal Rejects Lifting Of Corporate Veil And Affirms Taxpayer Is Not The Beneficial Owner Of Foreign Assets Owned By A BVI Company

    In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal held that Indian resident shareholders of a British Virgin Islands company cannot be treated as the beneficial owner of the foreign assets owed by such company, in the absence of any investment from undisclosed sources.
    IndiaTax
    Khaitan & Co.
    Khaitan & Co.
  • Article

    Union Budget 2019 – Transfer Pricing Proposals

    India Budget 2019 includes a number of proposals on transfer pricing that shall have a material impact on cross-border transactions.
    IndiaTax
    Amicus Legal
    Amicus Legal
Article

Tax Treatment Of Non-Compete Fees: Supreme Court Brings Long-Awaited Clarity

Non-compete fees are payments made to restrict a party from engaging in competing activities with the payer, most commonly in the context of joint ventures, business acquisitions or strategic exits.
IndiaLitigation, Mediation & Arbitration
Khaitan & Co.
Khaitan & Co.
  • Article

    Further Relaxations Of Tax Compliance Timelines

    In light of the ongoing COVID-19 pandemic, the Government of India had provided relief to taxpayers by extending statutory and regulatory compliance timelines under various direct tax statutes...
    IndiaTax
    CMS INDUSLAW
    CMS INDUSLAW
  • Article

    Permanent Establishment – An Independent Taxable Entity Distinct From The Global Entity

    With the advent of globalization, businesses have increasingly structured their operations to function across multiple jurisdictions.
    IndiaTax
    Acuity Law
    Acuity Law
  • Article

    Welcome To Work In India: Recent Rulings On Taxation Of Seconded Expats

    The Delhi Income Tax Appellate Tribunal ("ITAT") and the Delhi High Court ("HC") recently passed judgments which are likely to have a positive impact in relation to expatriates seconded to India by multinational companies.
    IndiaTax
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    Classification Of Parts Of Motor Vehicles – A Roller Coaster Ride

    Classification of goods in CTA plays an essential role for businesses involved in international trade. Correct classification of goods helps in compliance with Customs laws, payment of correct duties and not missing on applicable exemptions and benefits.
    IndiaInternational Law
    S&A Law Offices
    S&A Law Offices
  • Article

    CBEC Amends Provisions WRT Taxability Of "Online Information And Database Access Or Retrieval Services"

    The Central Board of Excise and Customs ('CBEC') has recently issued series of notifications clarifying the taxability of OIDAR services, effective from 01.12.2016.
    IndiaTax
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    Tax Street - June 2019

    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 June 2019.
    IndiaTax
    Nexdigm Private Limited
    Nexdigm Private Limited
  • Article

    Taxing Cross-Border Production Activities – Contract Language Re-Emphasized

    Line producer not an intermediary - held to be providing services on a principal to principal basis
    IndiaTax
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    Cross-Border Tax Digest - Global Updates & Key Rulings

    Q3 of FY 2023-24 | October 2023 The Colombian Tax Authority has issued new rulings on Significant Economic Presence (SEP), stating that non-residents with SEP in Colombia must pay either a 10% withholding tax or a 3% annual income tax on their gross income.
    GlobalTax
    Solique Advisors
    Solique Advisors
  • Article

    JSW Paints' Strategic Acquisition Of Akzo Nobel India: A Major Deal In The Indian Paints Sector

    In 2025, India's paints and coatings industry witnessed a landmark transaction as JSW Paints Limited ("JSW Paints") entered into definitive agreements to acquire a 74.76%...
    IndiaAntitrust/Competition Law
    Acuity Law
    Acuity Law
  • Article

    Budget Wish List To Augment M&A Activity

    The Pandemic has had an adverse impact across all sectors with the service industry not being an exception.
    IndiaCorporate/Commercial Law
    Economic Laws Practice
    Economic Laws Practice
  • Article

    Whether Cash Transactions During Demonetization Period Per-Se Fall Under The Scope Of Benami Act?

    Under The Benami Transactions (Prohibition) Act, 1988, the scope of benami transaction was very limited and it used to include only those transactions in which property is transferred to one person for a consideration paid or provided by another person.
    IndiaFinance and Banking
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    Global Capabilities Centres(GCCs): Navigating U.S. Immigration Barriers Through Offshore Talent Hubs Part 1- Direct Tax

    India has long been recognized as a global hub of highly trained and skilled workforce, especially in technology, finance, and business services.
    IndiaImmigration
    Kochhar & Co.
    Kochhar & Co.
  • Article

    Budget 2024 | Direct Tax Proposals

    The Finance (No. 2) Bill, 2024 (Bill) does not propose any change in the tax rates for domestic companies and firms under the Income-tax Act...
    IndiaTax
    Khaitan & Co.
    Khaitan & Co.
  • Article

    CESTAT Upheld That No Service Tax Is Applicable On Refundable Advances And Sale Of Self-Owned Flats Is Sale Of Immovable Property And Thus Not Liable To Service Tax

    The Respondent, M/s Skylink Construction Pvt. Ltd., was registered under service tax for providing construction services, including construction of commercial/industrial buildings...
    IndiaTax
    Aurtus Consulting LLP
    Aurtus Consulting LLP
  • Article

    Controversy Surrounding Interest On Delayed Payment Of Tax Under Goods And Services Tax Act

    "Justice delayed is Justice denied" and quiet aptly, it applies to the controversy revolving around the amount on which interest is to be levied for delayed payment of tax under...
    IndiaTax
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    Cross-Border Share Sale – Eligibility For Tax Treaty Benefit

    Over the past few years, the Foreign Direct Investments (‘FDI') in India have been on a steep rise. As per the 2023 edition of the World Investment Report...
    IndiaTax
    Lakshmikumaran & Sridharan
    Lakshmikumaran & Sridharan
  • Article

    Customs And GST Alert - August 2025

    The Hon'ble Prime Minister, in his Independence Day speech, announced the Government's intention to introduce significant GST reforms focusing on three key pillars...
    IndiaTax
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Showing 681–700 of 1383 results

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