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

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, . . .

The High Courts have debated this issue and have adjudicated that no withholding is required on payments pursuant to long-term leases, as the payments are capital in nature/in the nature of deemed sale.

With respect to the direct tax proposals, the budget has stipulated streamlining of income tax return filings with electronic verification and provision for quick refund mechanism (within 24 hours).

Owing to the advent of digitalization, India adopted the concept of 'Significant Economic Presence' (SEP) through the Finance Act, 2018.

Since the launch of Tax Street in 2019, we have garnered an avid readership and industry appreciation for the insights shared by our specialists in Direct Tax, Indirect Tax, and Transfer Pricing.

Permanent Account Number (PAN) is the Indian Tax Identification Number. In India, there is a requirement to obtain an Aadhaar, which is a Unique Identification Number and serves as proof of identity in India.

In our previous Newsflash, we had discussed the broad contours of issuance of Rupee denominated bonds overseas under the RBI's policy on external commercial borrowings and ...

The Double Taxation Avoidance Agreement (DTAA)/ Tax Treaty between Switzerland and India was initially signed on 2 November 1994 and then amended by protocols...

The Finance Bill 2023 proposes to amend Section 28(iv) of the Income Tax Act, 1961 (IT Act) to include cash/ monetary perquisites as well within its ambit.

The Government is working towards controlling the import of non-essential goods in India with the objective of checking the current account deficit.

Conducting business across the borders has always been a profitable source of elevating the income sources.

New Delhi, Dec 7 () ESOPs should be taxed only when the benefits are realised by an employee, said a report on taxation in the digital economy.

TeDiouS provisions appear to be simple but are complex and have been subject matter of litigation over the years.

Over the years, India has made significant changes to its domestic tax law to ensure that it receives its fair share of tax from the digital economy.

In a recent ruling in the Bharti Cellular Limited case (the "Taxpayer"), India's Supreme Court has held that because a "principal-agent" relationship does not exist between the Taxpayer and the distributor...

In the case of CIT vs. M/s Group ISM P. Ltd. : ITA No. 325/2014 (Del), the assessee had made payments to two UAE based companies, namely, CGS International, UAE and M/s Marble Arts & Crafts LLC, UAE, without any deduction of tax at source.