1,383 results found

Prior to July, 2012; Service Tax was applicable on a positive list approach which means earlier all services were exempted from payment of service tax except those specifically mentioned in the Act.

Recently, the Government of India ("GoI") accepted the recommendations of the Committee on Direct Tax Matters chaired by Justice A. P. Shah ("Committee").

Examination of Supreme Court’s Orient Crafts judgment holding CBDT circulars bind revenue authorities but not courts, clarifying separation between executive interpretation and judicial precedent

In March 2024, the Hon'ble Bombay High Court (High Court) has delved into the issue of liability of employees in cases of tax evasion under the Central Goods & Services Tax Act (CGST Act).

Recently, India has witnessed various tax rulings on the valuation of shares issued by a company, specifically DCF valuation.

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 July 2021.

The much-anticipated Union Budget 2024, under the Modi 3.0 government, will be presented on 23 July 2024. Globally, various stakeholders are keenly awaiting what's in store in this year's budget.

Standard operating procedures prescribed for verification of self-certified Certificate of Origin (CoO) under Generalized System of Preferences (GSP) benefit system.

The tax department issued notices to the escrow agent for remitting the moneys to the tax department that was held on behalf of the Petitioner for recovery of the contested income tax liability.

In a recent judgment, Honorable Delhi High Court read down the powers of the Central Government in notifying Income Computation and Disclosure Standards which conflict the principles of taxation ...

Recently, Mumbai bench of the Income-tax Appellate Tribunal ("the Tribunal") in the case of Bank of India vs ACIT (ITA No.869/Mum/2018) vide order dated 04.03.2021 examined the claim of...

With companies expanding internationally, global mobility compliance for remote workers abroad has emerged as a critical concern for owners and business heads.

A closed-end venture capital / private equity ("VC/PE") fund's governing documents typically stipulate an ‘investor giveback' (also referred to as ‘LP giveback') provision.

The Delhi High Court in Pr. Commissioner of Income Tax Delhi-11 Vs Ms. Sangeeta Jain, held that a sale deed primarily reflects a transaction between the parties and the terms of sale, but it does not, in itself, verify the land's classification as agricultural for the taxation purposes.

The Income Tax Appellate Tribunal has held that the payments made for bandwidth services and router management services are taxable in India as 'royalty'.

The Goods and Services Tax Law completed five (5) years in July this year, however, many issues are yet to be settled and some issues that were presumed to be settled are now unsettled.

Explore comprehensive analyses of recent Indian tax rulings, FDI policy updates, and international trade agreements. From transfer pricing safe harbour rules to the India-New Zealand FTA, discover how regulatory changes impact cross-border transactions, foreign investment, and corporate tax compliance.