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Since the time the concept of ‘Intermediary' was introduced in the service tax law, the issue as to who is an ‘intermediary' has been discussed extensively by the industry, interpreted and analysed...

Recently, the Ahmedabad Tribunal in case of Gujarat Fluorochemicals Ltd[1] held that the full value consideration, to compute capital gain under a slump sale transaction ...

This update is in furtherance to the earlier edition of ‘What's Up in Tax!', March, 2023[1] analysing the decision of the Income Tax Appellate Tribunal (‘ITAT'), Special Bench in the case of Total Oil India Pvt. Ltd.[2].

The compensation payments to States was the foremost agenda of the 42nd GST Council meet with the Centre announcing immediate release of compensation amounting INR 20,000 crores to States.

The Delhi High Court has, in the judgment rendered on 26.09.2024 in a batch of matters led by Religare Enterprises Ltd.1 decided challenge to the assessment/ reassessment undertaken under the Income Tax Act, 1961...

n the recent MIH India (Mauritius) Limited case, the Delhi Bench of the Income-tax Appellate Tribunal (the "Delhi Tribunal") held that the income earned by way of capital gains by a Mauritius...

On 04 July 2018 the Inland Revenue Department (IRD) passed Hong Kong's final Inland Revenue (Amendment) (No. 6) Bill 2017, (the Amendment Bill).

With India's black money economy size ranging between 23% to 26% of the Gross Domestic Product, fighting the demon of black money is the alarming concern faced...

The Finance Act 2024 has introduced several impactful changes, particularly in transaction taxes.

Employee stock option plans (ESOPs) are being widely used by both public companies and startups as a means of monetary compensation and to provide incentives for employees.

ESOPs are a stock option provided by a company to its employees, to purchase its shares on future dates and at a pre-determined price.

While the indirect tax proposals aim at creating a taxpayer friendly environment, it appears that the Government has stopped short on taking affirmative measures which could have provided impetus to investments in key sectors and eased the burden of GST on the end consumers.

With globalisation spreading economic activities across jurisdictions, enterprises nowadays have a presence in several jurisdictions.

Gifting of immovable property is a popular mode of transferring the ownership and possession of one's property in favour of another without any consideration or money.

The Government of India promulgated the Income-tax (Amendment) Ordinance, 2026 (Ordinance No. 2 of 2026) on 5 June 2026, for immediate legislative action.

The Goods and Services Tax(GST) in India shall soon be turning three years old on 1 July 2020.

Mining is one of the core sectors for revenue generation for the government especially from the taxes on royalty. Under the Rajasthan Minor Minerals Concession Rules, 2019...