GST Constitutional Bill, 2016 was passed by Lok Sabha on 8th August 2016 and received the assent from president on 8th September 2016 and has become the Law.

Since the amount is not taxable in India, no taxes are required to be deducted by the Assessee.

Kerala Flood Cess would be applicable from 1 August, 2019 onwards as per notification No. S.R.O. 436/2019 dated 29/06/2019 for a period of two years.

The Social Security Agreement between India and Japan will come into force with effect from 1 October 2016.

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.

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

In terms of Article 366 of the Constitution of India, hiring, leasing or licensing of any goods with transfer of the right to use is deemed to be a sale, thereby subject to VAT/ CST.

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.

AAR recently held that the entire contract revenue arising to the Singapore company ("the applicant") towards supply of goods and rendition of services was taxable in India.

Tribunal upholds taxpayer's contention of exclusion of indirect expenses for margin computation; verify data before considering a company as a comparable.

Tax landscape is evolving and ruling of this kind re-enforce taxpayer's confidence that enigma of India's adversarial tax regime is close to its end.

The Assessee approached the AAR for a ruling on tax implications that may arise from the amalgamation.

The assessee is a wholly owned Indian subsidiary of Tractebel S.A., Belgium (‘TSA'). In India, TSA had entered into Joint Venture (‘JV') with Jindal Thermal Power Company Ltd (‘Jindal group').

Authority for Advance Ruling has recently held that transfer of shares of an Indian company to a USA company is not liable to tax in India under the beneficial provisions of India-Mauritius Treaty.

CBEC issues clarification on applicability of Service Tax on freight-forwarders as intermediary.

Delhi Income Tax Appellate Tribunal dealt with the issue of taxability of income received by the assessee, which is not attributable to its Permanent Establishment in India.

The Tribunal dismissed the appeal and cross-appeal of Revenue Authorities and the Taxpayer respectively as the matter in dispute was resolved in MAP proceedings

As a precursor, every individual who is a SBO in a reporting company had to submit declaration in Form No. BEN-1 to the reporting company, by 8th May 2019.

Now in deference to this, CBDT has rescinded the old ICDS and notified amended ICDS to be effective from tax year 2016-17 and onwards.

Cummins Inc. is a foreign company, rendering services in respect of desktop/laptop software license and internet mail facilities to its Indian associated enterprises, i.e. CIL and CSSL which were paying IT charges provided by the taxpayer.