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India’s 2015 Union Budget is out. The Modi-led Government has announced policy measures that are bold, decisive and pragmatic.

India's 2015 Union Budget is out. The Modi-led Government has announced policy measures that are bold, decisive and pragmatic.

India's 2015 Union Budget is out. The Modi-led Government has announced policy measures that are bold, decisive and pragmatic.

On 19.12.2014, Central Board of Direct Taxes has signed a bilateral Advance Pricing Agreement (APA) with a Japanese Company.

Trends in Technology and E-Commerce in India: Legal and Tax Issues May 14-15, 2015

(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.

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 September 2019.

We are pleased to present the latest issue of Transfer Pricing 360° - SKP's quarterly newsletter that aims at providing key insights into the recent transfer pricing developments in India and across the globe.

India unveiled the new draft Direct Tax Code (“the Code”) in August for public consultation.

The Finance Bill 2015 has finally received the assent of the President on May 14th 2015 and has been enacted as the Finance Act 2015.

The title of chapter XII-BA has been changed to „Special provisions relating to Persons other than Company‟ from „Special provisions relating to certain LLPs‟ Presently AMT provisions apply where the regular income-tax payable for a previous year by a LLP is less than 18.5% of adjusted profits for such previous year, the adjusted total income shall be deemed to be the total income of the LLP and it shall be liable to pay income-tax on such total income at the rate of 18.5%.

This Sec. provides that if the income tax payable on the total income of a Company is less that 18.5% of its book profit then, the book profit shall be deemed to be the total income of the Company and income tax @ 18.5% shall be payable on the same.

The era of globalization has brought together the people to work jointly thereby benefiting each other by increasing transfer of knowledge and technology.

Further to our previous Duane Morris Alert from 14 October 2014, in which we reported that the Bombay High Court delivered a judgment in favour of Vodafone India in a $490 million tax dispute, ..

The GSTAT Bench at Varanasi examined whether choosing a longer route to avoid difficult terrain constitutes tax evasion, particularly when a taxpayer enters another state without delivering goods there. The tribunal analyzed the validity of transportation documents and the taxpayer's intent in route selection under GST law.

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:

The Central Board of Direct Taxes (CBDT), Government of India, via press release dated September 24, 2015, assured the inapplicability of Minimum Alternate Tax (MAT) provisions to Foreign Companies with effect from 01.04.2001.