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The Central Board of Direct Taxes (CBDT) has recently issued clarifications on 25 questions related to the application of the Income Computation and Disclosure Standards (ICDS).

In any tax regime, establishment of an investigative arm is necessary evil to catch rouge tax payers.

The Mumbai bench of Income Tax Appellate Tribunal (ITAT), on 17th October 2025, issued a ruling in favour of Netflix Entertainment Services India LLP...

The Mumbai Bench of the Income-tax Appellate Tribunal (the ‘ITAT') in Sky High Appeal XLIII Leasing Company Limited (‘Taxpayer') delivered a significant ruling in favour of the appellant...

The interpretation of tax laws has always been a complex and evolving issue, particularly when it comes eligibility to Input Tax Credit ("ITC") on transactions involving immovable property.

Section 40(a)(ia) of the Income Tax Act, 1961 (ITA) provides that failure to deduct Tax Deducted at Source (TDS or withholding tax) on certain specified sums payable to a resident results in denial of tax deduction of the relevant expenditure.

Despite GST completing half a decade of its existence, its implementation is still plagued by many issues including disputes regarding transitional credit.

In the contemporary context of global business expansion, multinational enterprises (MNEs) are increasingly dependent on offshore subsidiaries located in India to leverage its extensive talent pool, cost efficiencies, and expanding market potential.

Global business has become more mobile than ever before. A single company can now operate with its headquarters in New York, development teams in Bangalore, and sales representatives traveling throughout Europe.

Obligation (in the hands of telecom companies) to withhold taxes under Section 194H of the Income-tax Act, 1961 (IT Act) on discounts given to SIM card distributors has been a matter of long drawn dispute.

Understanding provisions relating to withholding tax on payment to non residents is vital for businesses and individuals engaged in cross-border transactions.

In the case of General Motors Company USA v Assistant Commissioner of Income Tax – Circle (International Taxation), 2024 166 taxmann.com 170 the Delhi bench of the Income Tax Appellate Tribunal (ITAT)...

The concept of "persons acting in concert" ("PAC") is a core concept under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("SEBI Takeover Code")...

National Pharmaceutical Pricing Authority has revised the prices of 2 scheduled formulation of Paciltaxel used in chemotherapy under the Drugs Price Control Order, 2013.

The advent of the Digital economy has led to the introduction of various taxation issues. One such issue being creation of a virtual permanent establishment (PE) in a country...

The effectiveness of Tax Collection at Source (TCS) under Section 52 of the CGST Act, 2017 is called into question due to a critical legislative gap. While e-commerce operators are obligated to collect tax from suppliers using their platforms, the statute provides no express recovery mechanism in case of default. This analysis examines whether the absence of such provisions renders Section 52 unenforceable, and explores the legal implications when operators fail to collect and remit the mandated amounts.

Taxpayer, an Indian tax resident, is engaged in the business of providing education and training for various preparatory examinations held by educational institutions such as Indian Institute of Management, Indian Institute of Technology etc.