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India
Parakram Legal
In a recent ruling, the Income Tax Appellate Tribunal, Bangalore ruled that income derived from providing pre-clinical laboratory services to Indian clients should not be subjected to taxation in India ...
Parakram Legal
In a recent ruling, the Income Tax Appellate Tribunal, Delhi recognized and upheld the importance of the Tax Residency Certificate and held that a Mauritius-based Collective Investment Vehicle registered as a Foreign Portfolio Investor …
Parakram Legal
In a recent decision, the Division Bench of Bombay High Court ("HC") upholding the decision of the Income Tax Appellate Tribunal, Mumbai ("Tribunal") dismissed the appeal filed the tax department.
YNZ Group
In simple words , reduction of capital occurs where a company reduces the amount of its share capital. Capital reduct ion involves strategic reshaping of a company's...
Parakram Legal
In a recent ruling, the Income Tax Appellate Tribunal, Delhi while differentiating the rulings in Centrica India Offshore and Northern Operating Systems ruled that reimbursement of salaries of the ex-patriate employees ...
Acuity Law
Obligation (in the hands of telecom companies) to withhold taxes under Section 194H of the Income-tax Act, 1961 (IT Act) on discounts given to SIM card distributors has been a matter of long drawn dispute.
Majmudar & Partners
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...
BDO India LLP
From 1 October 2023, online gaming companies are required to charge a 28% Goods and Services Tax (GST) on the full value of bets. In addition, foreign online money gaming companies (FOMGCs) are required to register for GST and collect tax in India.
R & D Law Chambers LLP
In our experience while dealing with corporate clients in representing them in an action for damages, contractual claims etc. in arbitration proceedings or in court of law and in advising them afterwards, ...
R & D Law Chambers LLP
Reopening of an assessment concluded under section 143(1) or even under section 143(3) (Scrutiny Assessment) of Income Tax Act, 1961 is a dreaded nightmare of any assessee.
S&R Associates
In order to encourage prompt payments by business enterprises to micro and small enterprises ("MSEs"), clause (h) was inserted in Section 43B of Income Tax Act, 1961 ("the IT Act") by the Finance Act 2023 with effect from financial year ("FY") 2023-24.
Coinmen Consultants LLP
The taxation of royalties and licensing fees for the use of Intellectual Property Rights in India represents a critical aspect of the country's economic landscape.
Khaitan & Co LLP
In a recent ruling, the Supreme Court of India has granted significant relief to telecom companies by absolving them from the obligation to deduct tax on the discount provided to a distributor of pre-paid coupons and starter-kits.
Karanjawala & Company
The Supreme Court's unanimous decision on February 15, 2024, to strike down the Union government's 2018 Electoral Bonds Scheme marked a significant milestone in Indian jurisprudence.
Shardul Amarchand Mangaldas & Co
The article analyses a verdict of the Telangana High Court revolving around the application of Goods and Services Tax (GST) on the transfer of Joint Development Agreements.
Dolce Vita Advisors
In India, Non-Resident Indians (NRIs) are subject to the country's succession laws concerning the inheritance of property situated within Indian territory.
S&R Associates
The primary purpose of double taxation avoidance agreements ("DTAAs") is to eliminate double taxation by providing taxing rights or granting tax credit...
Nexdigm Private Limited
The Central Board of Direct Taxes (CBDT), via its press release under the e-Verification Scheme-2021, implemented an "on-screen functionality"...
Khaitan & Co LLP
The inaugural listing of a non-profit organisation (NPO) on the social stock exchange (SSE) has set the ball rolling for social enterprises (SE) to raise funds on the SSE.
S.S. Rana & Co. Advocates
India's Micro, Small and Medium Enterprises (MSME) are the backbone of the economy, contributing significantly to employment and GDP.
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