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...
The Indian Express The Bombay High Court on Friday dismissed a writ petition filed by telecom major Vodafone that questioned the jurisdiction of...
Hindu Business Line VODAFONE TRANSFER PRICINGBombay High Court should have looked into merits: Experts The Bombay High Court’s dismissal of Vodafone’s writ petition...
Financial Express The Bombay High Court on Friday dismissed a writ petition filed by Vodafone India that questioned the jurisdiction of a draft...
The Bombay HC dismissing the Vodafone plea has held as follows: Article 226 gives limited jurisdiction to intervene after an order is passed...
The government on Wednesday announced rules giving conditional exemption to global MNCs’ transactions with their Indian units from being questioned for suppression of...
In an effort to reduce litigation with foreign companies, the Finance Ministry has issued draft rules for safe harbours. The new rules, once...
The Draft specifies conditions under which safe harbour rules will apply for IT, ITeS, pharma sectors The income-tax (I-T) department released draft safe...
The G20 leaders’ Mexico summit of June’12 crafted the term ‘Base Erosion & Profit Shifting’ with an objective to prevent country’s tax base...
Data suggest that a tax rate increase for a few rich people puts little back into the economy compared to an across-the-board increase...
The new Companies Act is modeled after modern laws given that the extant law outlived its importance in terms of size, relevance to...