3,454 results found

CBDT issues Circular No. 16/2024 on 18.11.2024, which authorizes income-tax authorities to accept applications for condonation of delay...

CBDT issues Circular No. 17/2024 on 18.11.2024, which authorizes income-tax authorities to accept the applications for condonation of delay...

The Central Board of Direct Taxes [CBDT] on 26th March 2015 issued a Circular no. 4/2015 wherein they have clarified that while interpreting the provisions of Section 9(1)(i) of the Income Tax Act, 1961.

Hitherto, taxation of cross-border supply of software was a vexed issue on account of High Courts taking contrary views on the understanding / interpretation of the term 'copyright' under

In light of the aforementioned, the AAR analyzed the purported role of the Mauritian company i.e. Bidvest in the joint venture.

The Government of India (Union Cabinet) has approved the ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) and India's final position to the same.

While marking its 50th meeting milestone, the GST Council has announced a slew of recommendations relating to changes in GST rates...

The amendment that was introduced via the finance bill is going to be a game changer in certain way as the Central Board of Indirect Taxes and Customs' (CBIC) most recent Notification1.

The case involved Mythri Movie Makers Mumbai, Ravi Sankar Yalamanchili, Sukumar Bandreddi, and Yerneni Naveen (referred to as the Assessees).

For the years in question, the Taxpayer did not file tax returns in India.

Waiver of full amount of late fees for nil return filers and late fees exceeding INR 500 (CGST+SGST) for others

Indian parliament proposes not to levy taxes on indirect transfers (i.e. transfer of shares of a foreign company deriving substantial value from assets in India) undertaken prior to May 28, 2012...

Hon'ble Supreme Court vide order dated 19th April 2023 in batch of appeals led by SAP Labs India Pvt. Ltd. has set aside the principle laid down by Hon'ble Karnataka High Court's judgment on issue of selection of comparables ...

In Atin Krishna V. Union Of India Thru Secy. Ministry of Finance and Others , the Division Bench of Hon'ble Allahabad High Court...

The Mumbai ITAT ruled that Section 54F capital gains exemption should be calculated on gross long-term capital gains before setting off losses under Section 70. This decision clarifies that the tax relief for reinvestment in residential property cannot be reduced by offsetting long-term capital losses from other transactions.

Business profits of a non-resident can be taxed in India owing to existence of a business connection of such non-resident in India as per the provisions of the Income-tax Act...

In its Union Budget for 2024-25, the central government, acknowledging the negative impact of angel tax on startup funding and investment...