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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 March 2023.

Article 265 of the Constitution of India provides that "no tax shall be levied or collected except by the authority of law".

Holds that damages for breach of contract and interest thereon, paid in consequence of an international arbitral award, are not taxable in India under Article 22(1) of the Indo-Swiss DTAA;

The interest payable to a non-resident by an Indian borrower is taxable in the hands of such non-resident in India ...

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.

The Supreme Court, in M/s Apex Laboratories Pvt. Ltd. v. Deputy Commissioner of Income Tax, held that the expenses incurred by pharmaceutical companies towards...

The Income Tax Appellate Tribunal at Agra recently held in the case of "Metro and Metro" that expenditure incurred for leather testing services by Metro & Metro is taxable as Fees for Technical Services if human intervention is involved in the provision of such services.

The long-standing tax controversy surrounding ‘off-the-shelf software' or ‘shrink-wrapped software' or ‘standard software' has finally come to rest with the Hon'ble Supreme Court's verdict on 2 March 2021.

Slumdog Millionaire, Mission Impossible 4, Eat Pray Love and The Dark Knight Rises - what do these movies have in common? Apart from being great entertainers, all have scenes shot in India.

Recently, the Central Board of Direct Taxes ("CBDT") released a circular ("Circular") providing clarifications on implementation of General Anti-Avoidance Rules ("GAAR").

Tribunal holds that a valid TRC is evidence of not just residence of taxpayer but also it being the beneficial owner of income.

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 January 2021.

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 November 2021.

Hon'ble Finance Minister, in her budget speech had proposed to abolish the much-abhorred dividend distribution tax "DDT" on companies/mutual fund.

With the increasing globalization, cross-border transactions are integral to modern business strategy.

During the AY 2018-19, I. A. Hydro Energy (P) Ltd (‘the Assessee') was converted from partnership firm in to a Company. The Assessee also converted outstanding...