Overview LegislationWhat is the relevant legislation relating to tax administration and controversies? Aside from legislation, are there other binding rules for taxpayers and the tax
The Indian Union government will announce its Budget 2024-2025 on July 23. This will be the first full budget to be released by the Modi
Introduction The anti-profiteering law[1] under the Goods and Services Tax law (‘GST’) in India has been a subject matter of debate since the time GST was
The use of artificial intelligence (AI) in the field of tax compliance is not something outside the usual canons and principles of legal application and
Buoyed by a transcendental approach to propel India towards “all-round, all-pervasive, and all-inclusive development”[1], India’s Finance Minister, Ms Sitharaman heralded the interim budget, reinvigorating the
The Goods and Services Act, 2017 (act), came into force accompanied by concerns whether businesses would pass on its tax benefits to consumers. Keeping its
In the ruling administration’s last full budget before India goes to the polls, India’s Finance Minister, Ms Sitharaman, laid out the government’s vision...
Foreign Direct Investment (FDI) in India has greatly increased in the past decade, particularly after the pandemic. This has led to more cross-border...
Source: Business Standard A washed out Parliament session is crescendo to the political reality the country has had to put up with, ironically on the...
Source: The Hindu Business Line Dismantling a major barrier to foreign investment will be beneficial. Restrictive entry and exit pricing norms have long vexed...
Due to divergence between ICDS and IFRS, companies have to maintain multiple books of account Source: Business Standard The Central Board of Direct Taxes...
Source: The Financial Express The regulators’ wide discretionary powers and ambiguous legislation are hurdles for a stable legal framework. Economist and author Adam Smith...
Source: Business Standard The Finance Act, 2015, has introduced a new concept for determining scope of taxation for foreign companies in India. Until the...
ITHAT SAID, ADMINISTRATIVE CHANGES IN THE TAX ECOSYSTEM ARE CALLED FOR AS INDIA CAN ILL-AFFORD A PERCEPTION-BASED RISK TO INVESTOR SENTIMENT Source: Forbes India...
It has been a year since the NDA government came to power on the promise of inclusive growth. One year of Narendra Modi...
Source: The Financial Express Recently published for stakeholders’ consultation, the Model Indian Bilateral Investment Treaty (new model convention) is a significant policy move of the NDA government towards...
Finance Bill 2015 proposal to introduce the concept of POEM shall materially alter conditions for determining the residency of foreign incorporated companies. This...
Source: Business Standard The Budget sticks to the 3Cs of tax policy – certainty, clarity and consistency Amidst unprecedented expectations, Finance Minister Arun Jaitley had...