Hon’ble PM Narendra Modi launches the Taxpayer Charter
The Taxpayer Charter unveiled by the Hon’ble Prime Minister Narendra Modi today marks an important milestone in our nation’s history. It enjoins the commitment (14 affirmative actions) of the lawmakers as well as highlights the...
Is digital tax the end of Multilateralism as we know it?
Frustrated by the slow pace of discussions and anxious to mobilise revenue considering the Covid-19 pandemic, several countries have taken unilateral measures to tax the digital economy.
Decoding India’s stand on Digital Tax
Traditional international tax law principles fail to account for the developments in technology that allow businesses to cater to market jurisdictions remotely In the recent past, international tax law principles have come under...
De-Escalating The Digital Tax Debate
Like most domestic laws and bilateral treaty networks that were established prior to the digital revolution, the international tax regime was built for a brick and mortar economy. Its inability to be adept to new business models...
The Not-So-Great Equaliser Tax
Days before the nationwide lockdown was announced, as part of the passage of the Finance Act 2020, Parliament proposed an ‘equalisation levy’ on overseas ecommerce operators. This could not have come at a more inappropriate time....
India Pushes In-Bound Investment Funds with Tax Changes
Foreign investors should be aware of the tax changes in sovereign wealth funds and pension funds as Mukesh Butani, of BMR Legal, explains. The Indian Parliament passed the finance proposals of the Indian government for FY...
Expansion of equalisation levy: Why it’s not well-timed
By expanding the scope of equalisation levy to cover foreign e-commerce platforms, India has rushed to incrementally cast its net wide insofar as the digital service user-base is concerned. The amended Finance Bill 2020, which...
Vivad se Vishwas: Let this be the last scheme
We need innovative solutions to address tax litigation Last week witnessed the passage of the Direct Tax Vivad se Vishwas Bill even as it faced criticism from the Opposition, particularly in the Rajya Sabha. The Bill was...
Taxpayer’s charter brings focus on taxpayers’ rights: what it must include
It is paramount that the charter enumerates fundamental rights of taxpayers and basic standards of service, and includes an efficient grievance redressal system In the last decade, aggressive stand by the tax administration,...
An unequivocal movement towards reducing tax litigation and improving the effectiveness of tax administration
There is lot in fine print by way of amendments to several statutes including benami transactions and duty laws. Fine print apart, there are clearly visible signs that the incumbent government means business. It has tried to...