Mondaq All Regions - India: Tax
Asit Mehta & Associates
The Union Budget was presented by Finance Minister Mr Arun Jaitley in the Parliament on 1 February 2018. Each year the Budget presentation is one of the most-awaited events for businesses, individuals and professionals.
Krishnomics Legal
The issue of tax evasion has been plaguing economics all over the world and India is no exception.
SKP Business Consulting LLP
The Authority for Advance Rulings (AAR) recently issued two verdicts in case of different companies of the same group dealing with the availability of capital gains exemption in India under the India-Mauritius Tax Treaty.
S.S. Rana & Co. Advocates
Since then, various measures including tax incentives have been provided in furtherance of this objective.
S.S. Rana & Co. Advocates
The existing functions of CBEC will be re-organised to implement and enforce the provisions of GST.
SKP Business Consulting LLP
Recently, in the case of Texas Instruments (India) Pvt Ltd[1], the Authority for Advance Rulings (AAR) held that salary paid in India to a non-resident employee deputed overseas would not be taxable in India.
S.S. Rana & Co. Advocates
Recently, in the case of Thiagrarajan Kumararajan vs Union of India, the Madras High Court opined that Aadhaar number is necessary to file Income Tax returns.
S.S. Rana & Co. Advocates
Before determining what would be the adequate compensation to the Indian counterpart for creation of marketing intangibles, it is necessary to ensure the existence of an international transaction.
SKP Business Consulting LLP
Every year the Union Budget attracts a lot of attention from businesses and the public alike because of its potential to affect the prices of commodities through its indirect tax proposals.
Khaitan & Co
A jump of 30 ranks (from 130th to 100th) to make an entry into the top 100 in the World Bank's Ease of Doing Business index in its Doing Business Report 2018 clearly shows the results of the legislative improvements ...
S.S. Rana & Co. Advocates
Tax rates for individuals, HUF and Firms unchanged. It shall be mandatory to obtain PAN for all entities (including HUF other than individuals) and all directors, partners, members of such entities...
Singh & Associates
In the recent Order dated 04.09.2017 given by the Coordinated Division Bench of the Hon'ble Delhi High Court, namely Justice S. Murlidhar and Justice Prathiba M. Singh ...
Nishith Desai Associates
Earlier today, the Indian Finance Minister ("FM") announced the Budget for financial year ("FY") 2018-19 ("Budget").
S.S. Rana & Co. Advocates
The Supreme Court on January 22, 2018 stayed the proceedings in Delhi and Chhattisgarh High Courts relating to the applicability of Goods and Services Tax (GST) ...
Khaitan & Co
The law is proposed to be amended to give extra-territorial jurisdiction in respect of offences committed outside India, and proposes to include non-resident offenders.
SKP Business Consulting LLP
Recently, in the case of Production Resource Group, the AAR held that the payments received for providing technical equipment and lighting services for commonwealth games in India constitutes...
S.S. Rana & Co. Advocates
This suggests that appropriate changes will be made in the upcoming budget to be presented on 1 February.
Nishith Desai Associates
Recently, the AA in the case of GEA Refrigeration Technologies GmbH, In re, ruled that the income derived by German shareholders from the sale of equity shares of a German company...
S.S. Rana & Co. Advocates
Flipkart is expected to soon challenge this ruling at Income Tax Appellate Tribunal.
SKP Business Consulting LLP
The key highlights of this issue include Mauritius extending the deadline for filling asset statement, change in the RRSP contribution limit in Canada, Malaysian 2018 National Budget of individual income tax and important tax provisions in 2018 budget in Ireland.
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S.S. Rana & Co. Advocates
The Hon'ble bench further held that until any further orders, no coercive action would be taken against providers of legal services for non-compliance under the new indirect tax regime.
ARA LAW
With increased globalization and the growth of information technology, the import of technical know-how, acquisition of software and technical services is not very uncommon in developing economies like ours.
Nishith Desai Associates
Advertisement fees paid by Google India to Google Ireland for purchase of ad space on Google's AdWords Program are chargeable to tax in India as royalty income, and taxes should accordingly be withheld.
Nangia & Co
GST, which is considered as biggest tax reform since 1947 which seeks to replace a slew of taxes and levies in 29 states and aims to simplify and harmonise the indirect tax regime in the country.
Khaitan & Co
The Government introduced a new GST Rule 120A vide Notification No. 34/2017- Central Tax dated 15 September 2017 (‘Notification').
Trilegal
The implementation of GST will significantly improve the competitiveness and performance of India's manufacturing sector.
Phoenix Legal
GST implementation has not been a smooth ride for the Government, be it the technical glitches faced on GST Network while filing returns or export refund delays leading to massive unrest among the exporters.
Krishnomics Legal
One of the ambitious aspects of GST is implementation of Electronic Way Bill ("E-Way Bill"). It is being envisaged that entire supply chain, especially from factory to the retailers remains documented and the movement of goods can be tracked on real time basis.
SKP Business Consulting LLP
The Central Board of Direct Taxes (CBDT) had released draft rules for Master File and Country-by-Country Report (CbCR) requirements on 6 October and has requested for comments from the public.
SKP Business Consulting LLP
Withholding tax is one of the most significant sources of collecting Income Tax under the Indian Income Tax regime.
Khaitan & Co
The Supreme Court (SC), has recently put to rest a much debated issue regarding the claim for depreciation by charitable / religious institutions (Institutions) on assets.
Phoenix Legal
While the GST, ever since it was implemented, has remained a topic of debate in public and private forums, the article looks at how the tax has fared for the first six months of its existence.
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