The proposed law further provides that such adjustment amount, if not repatriated into India within the prescribed period, the same shall entail a notional interest which would also be subject of tax.

In a recent amendment (December 3, 2014) to the Foreign Direct Investment ("FDI") Policy, 2014 issued by the Ministry of Commerce of Industry...

The Negotiable Instruments Act, 1881 ("the Act") was enacted to characterize and define the law relating to authoritative records like Promissory Notes, Bills of Exchange and Cheques.

The Delhi High Court held that the amount received by the franchisor by way of franchisee fee under a Franchise Agreement involving use of intangible property is chargeable to service tax and not exigible to VAT.

While acknowledging the contribution made by Foreign Direct Investment (FDI) in the economic, investment, employment and income growth, to promote the ease of doing business in India...

Real Estate Sector in India has been going through a rough weather for the last few years due to lack of funds and sluggish demand.

In the domain of consular access, the Jadhav case manifests itself well as part of the process of humanization of international law.

In a recent ruling by the Authority for Advance Ruling in the case of AB Holdings, Mauritius-II, In re [2018] 402 ITR 37 (AAR – New Delhi), applied the commercial purpose test to allow the benefit of...

The Goods and Service Tax ("GST") was introduced on 01st July, 2017 and has completed one year in operation since its inception.

The law abhors uncertainty.

In 2012, the Supreme Court of India in the Vodafone case held that any transfer by a non-resident of shares of a non-resident company which derives its value from the shares or interest situated in India would not attract Indian capital gains tax.

While determining the same, NCLT scrutinized various provisions of the relevant laws.

Driven by the political and public focus around the world on the taxation of multi-national enterprises (MNE) businesses, there have been significant developments around the world in International Taxation.

Clubbing ‘Make in India' initiative along with the aim of achieving a self-reliant locally indigenised ecosystem, the Cabinet Committee on Security has approved the policy on defence manufacturing...

Business process outsourcing ("BPO") is a subset of outsourcing that involves the contracting of the operations and responsibilities of a specific business process to a third-party service provider.

Currently, each country has its own currency and it derives its value and trust amongst its users from the sovereign backing.

When the going gets tough, taxman get going. During the time when economic recovery is sluggish, the tax collection is also dismal. Whereas, welfare schemes require considerable spending.

Goods and Service Tax is a reality now. In this article, we have tried to capture the implications for Real Estate Sector under various transaction in a tabular for for easy understanding.

When the new government took over and assumed the office, it was anticipated that many path breaking decisions would be taken.

The issue of tax evasion has been plaguing economics all over the world and India is no exception.