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One of the options available for foreign companies to ensure their presence in India is to establish a liaison office with the approval of the Reserve Bank of India ("RBI").

India's telecom sector continues to be a cornerstone of digital transformation, with significant strides in connectivity, infrastructure, and innovation.

Digital commerce, which was in its infancy, accentuated during the Covid-19 pandemic.

The GST Council met after a gap of almost eight months, this being the first one after the new government came into power. Several significant changes and clarifications have been recommended, aiming to strengthen the GST...

In a significant development, the apex tax administration body of India, the Central Board of Direct Taxes vide its Circular No. 3 of 2022 dated 3 February 2022 has clarified its position with respect to interpretation of MFN clauses ...

With an intent to tax illegitimate / undisclosed foreign income and assets earned / acquired outside India by residents to India, the Central Government had enacted The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 ...

Consequently, the income-tax department preferred an appeal before the Tribunal.

India's Finance Minister announced that the Government of India would adopt a majority of the recommendations of the committee constituted to review India's pending income tax anti-avoidance rule.

Trusts play a significant role in the legal and financial landscape of India, serving as essential tools for managing property, supporting charitable causes, and ensuring the orderly transfer of wealth.

DGGI had alleged that M/s Anmol Tradex Pvt. Ltd. ("Company") had fraudulently availed input tax credit (ITC) based on non-genuine invoices from the suppliers who were involved in circular trading...

The recent judgement of the Supreme Court on stamp duty on security documents executed in favour of the Security Trustee may have a more far-reaching impact on lending than one would expect.

On July 25, 2024, a 9 (nine) judge Constitution Bench of the Hon'ble Supreme Court of India ("Supreme Court") in the case of Mineral Area Development Authority and Anr vs. M/s Steel Authority of India and Anr Etc.

Per the extant India-Mauritius tax treaty ("Tax Treaty"), capital gains on sale of Indian company shares (acquired prior to 1 April 2017) and sale of derivatives...

Tax Court holds that the one of the main reasons for a Taxpayer's separate legal existence was to obtain a tax benefit

The introduction and implementation of Goods and Services Tax (GST) significantly reshaped the entire Indian indirect tax landscape by replacing multiple indirect taxes with a unified tax system.

The introduction and implementation of Goods and Services Tax (GST) significantly reshaped the entire Indian indirect tax landscape by replacing multiple indirect taxes with a unified tax system.

The taxpayer is engaged in the manufacture and supply of electrical apparatus and was also undertaking the sale of MEIS duty credit scrips. During FY 2017-18 to FY 2019-20...