India had notified Cyprus as a ‘non-cooperative jurisdiction' owing to lack of effective exchange of information, vide a notification of the CBDT dated 1 November 2013 under Section 94A of the Income Tax Act, 1961, . . .

Should the income of an offshore discretionary trust be subject to tax in India, if no distributions have been made to beneficiaries in India?

There was a time when NRIs found it safe to invest in real estate

In February 2021, the Reserve Bank of India (RBI) had decided to permit resident individuals to make investments in the International Financial Services Centers (IFSC)...

The Amendment of Rule 76 of the SEZ Rules, 1976 on January 3, 2017 to allow Law and Accountancy Firms to set up shops in SEZs, though short in content, is arguably big on implications for domestic and foreign Law Firms.

Panama and Paradise papers have generated considerable controversy around overseas investments and questions are being raised about their legality.

The initiative to allow unlisted companies to list on offshore markets through the depository receipt mechanism is a major shot in the arm for many sectors.

The CBDT has issued a circular on 7 November 2017 granting some relief from the applicability of Indian capital gains tax on indirect transfers of Indian assets as contained in the Income Tax Act, 1961 (IT Act) to certain offshore holding structures.

The Mumbai Bench of the Income Tax Appellate Tribunal (Tribunal) ruled in favour of Tata Industries Limited (Taxpayer) on the invocation of Section 93 of the Income Tax Act, 1961 (IT Act).

The Supreme Court has reiterated the primary basis for difference in taxation of discretionary trusts versus determinate trusts in respect of an offshore trust.

The Paradise Papers, just like the earlier Panama papers, give ordinary people a glimpse into the parallel world.

Our Q1 wrap ended on an expectant note in anticipation of the elections to be conducted in May.

AAR re-iterates the position that capital gains earned by a Mauritius company from transfer of shares of an Indian company are not chargeable to tax in India in the absence of a permanent establishment in India.

The Indian Finance Minister, Arun Jaitley announced the 2015 Union Budget today. The Modi-led Government has taken policy measures that are bold, decisive and pragmatic.

Choosing the best offshore center for India-bound investment requires careful consideration of the risks and financial rewards.