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The Government has accelerated its efforts towards encouragement of environmentally conducive options in the country.

Review of accounting policies and financial statements to ensure they are aligned with the best practices.

The 27th GST council meeting was held via a video conference call on 4 May 2018 with an agenda to simplify compliance structure and incentivize digital payments on retail transactions.

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) in T. Srikanth v. DCIT [ITA No. 3792/Chny/2025] has unequivocally held that the deeming fiction created u/s 50C of the Income-tax Act, 1961 (‘the Act’), which substitutes stamp duty value as the "full value of consideration" for computing capital gains u/s 48, cannot be imported into section 54F to reduce the quantum of exemption available to a taxpayer who has reinvested the entire actual sale consideration in a new residential house.

The Union Cabinet's approval for constitution of the National Anti-Profiteering Authority (NAA) is indicative of the shifting focus of the Government to ensure that the benefits of Goods and Services Tax (GST) rates are passed on to end consumers. Anti-Profiteering Measures Under GST Activated

The Anti-Profiteering Rules, 2017 (Rules) were recently notified by the Central Government in exercise of its powers under section 164 read with section 171 of the Central Goods and Services Tax Act, 2017.

The Tribunal bore on the reliance placed by the taxpayer on its Advance Pricing Agreement arrangement with Revenue Authorities for the disputed transaction, and thereby disdained the TPO's determination of ALP for payment of management fees at ‘Nil' on ground of absence of concrete evidences

The mechanism of taxation, being largest source of income, enables the Government for the socio-economic development of the nation in terms of infrastructure, education, healthcare and medical facilities, ...

On 5th March 2026, the Central Board of Direct Taxes (“CBDT”), exercising powers conferred under Section 295 read with Section 285BA of the Income-tax Act, 1961, promulgated the Income-tax (Amendment) Rules, 2026 (“the Amendment”)...

Presently the section provides that where the assessee does not provide/or provides unsatisfactory explanation to any sum credited in the books of the assessee for any previous year, then the sum so credited may be charged to income tax as income of the previous year.

In a recent order in Manoj Jain v Union of India & Ors (WPA No. 11950 of 2021) (Order), the Hon'ble Calcutta High Court (High Court) has quashed reassessment notices issued by the income-tax authorities...

As per the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 (‘AIF Regulations'), an alternative investment fund (‘AIF') means any fund established...

Central Board of Direct Taxes (CBDT), the apex policy-making body of the Income Tax Department, has issued Circular No. 17/2019 dated 08 August 2019 u/s 268A of the Income Tax Act

The Central Board of Direct Taxes (hereinafter referred as ‘CBDT') vide notification1 dated February 22, 2018, has notified the Centralised Communication Scheme, 2018, for centralised issuance of notice.

In our general understanding, in any international transaction, ‘Business Income' of an Enterprise is taxed in the country of its Residence unless the company has a ‘Permanent Establishment' in another country ...

On 24 March 2020, the Hon'ble Finance Minister announced several compliance related relaxations to ease the compliance burden on business community which was followed by a press release.

In the modern-day business landscape, companies are setting up their Head Office (HO) in one State and setting up various branch offices (BO) all over India to operate their business efficiently.