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(Sec. 115 0) Dividend distributed by a Domestic Company is exempt from income-tax in the hands of all shareholders and the Company is liable to pay DDT @ 15 percent on such dividends.

The CBDT through Notification No. 41/2025 dated 30 April, 2025 notifies the Income Tax Return Form 3 for the Assessment Year ('AY') 2025-26.

Modi Government, in its third term at the Centre, presented its first full budget on July 23, 2024.

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 October 2019.

In a significant development, the Indian Finance Minister introduced few sweeping investor friendly tax amendments to the Income-tax Act, 1961. Effective from FY 2019-20, these include:

As per a media report, the Government of India is proposing to amend the existing Double Taxation Avoidance Agreement between India and Mauritius

When India amended its tax treaties with Mauritius ("Mauritius Treaty") and Singapore ("Singapore Treaty") in 2016 in order to provide for source-based taxation of capital gains on alienation of shares...

The Indian startup ecosystem is undergoing a significant transformation, with reverse flipping gaining prominence. The Economic Survey 2022-23 highlighted favorable conditions for startups to relocate to India, supported by government initiatives.

The DTI Regulations have notified the mechanism for determining (i) turnoveror income of an enterprise under Section 27 of the Act...

In a recent judgment (CIT vs. Chemech Laboratories Limited), the Madras High Court has held that where consideration is paid for all aspects of a transaction (with non‑compete covenants)...

The Central Board of Direct Taxes (CBDT) vide press release dated 10.05.2016 issued the protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains between India and Mauritius.

Since we published our Duane Morris Alert on 19 June 2015 reviewing the Indian Government's applicability of minimum alternate tax (MAT) on foreign portfolio investors (FPIs), the A.P. Shah committee has recommended to the Finance Ministry that MAT should not be imposed on FPIs for the period preceding 1 April 2015.

As per the terms of the SPA the said parent company had various rights and responsibilities as a sponsor.

Mumbai Income Tax Appellate Tribunal in the case of Praful Chandaria, dealt with the issue of taxability of consideration received by the assessee pursuant to grant of call option in respect of shares of an Indian company.

Under the existing provisions of section 80G, donation in excess of INR 10,000 made in cash is not allowed.

The Hon'ble Finance Minister presented the Finance Bill 2021 in an unprecedented environment of economic slowdown.

From the Assessment Year 2019-20 and onwards the forms for filing Income Tax Returns have been changed. There is substantial amount of additional information is required from specific category of persons including