Mondaq Asia Pacific - India: Tax
SKP Business Consulting LLP
On 04 July 2018 the Inland Revenue Department (IRD) passed Hong Kong's final Inland Revenue (Amendment) (No. 6) Bill 2017, (the Amendment Bill).
SKP Business Consulting LLP
The government has released the draft formats of the new GST return filing system, which is expected to be made mandatory from June 2019.
Vaish Associates Advocates
In the case of Best Cybercity (India) Pvt. Ltd. Vs Income Tax Officer, Ward 4(3) & anr., Delhi High Court summarized the requirements for re-opening of the assessment beyond 4 years in the case of assessment ...
Vaish Associates Advocates
Appeal can be filed before the CIT(A) against orders referred in section 246A of the Act, which covers substantial orders passed under the Act, such as:
Vaish Associates Advocates
Provisions of section 68 of the Act reads as under:
SKP Business Consulting LLP
The government, vide Circular No. 92/11/2019-GST dated 7 March 2019, has provided clarifications in relation to the eligibility of Input Tax Credit (ITC) in case of various sales promotion schemes operated by businesses.
SKP Business Consulting LLP
The GST council in its 32nd meeting had approved the levy of calamity cess on intra-state supply of goods and services within the state of Kerala for a period not exceeding two years...
SKP Business Consulting LLP
Recently, in the case of Buro Happold Ltd, the Mumbai Income Tax Appellate Tribunal held that the project-specific technical designs/drawings/plans supplied cannot be treated as FTS...
SKP Business Consulting LLP
Dual Residency gets attracted when an expat in the year of move qualifies as a resident of the host country (i.e., the country in which he is deputed) as well as home country (i.e., the country of his residence).
SKP Business Consulting LLP
With the upcoming GST audit due date of 30 June 2019 for the financial year 2017-18, the government has released the offline Excel-based utility for GSTR-9C.
SKP Business Consulting LLP
A recent news report about the government planning to launch a facility to generate ‘electronic invoice,' i.e., e-invoice with the objective to curb tax evasion gathered a lot of attention.
SKP Business Consulting LLP
The Goods and Services Tax Network (GSTN) has released a web-based prototype of the offline tool of new return system, which is set to go live in the coming months.
Cyril Amarchand Mangaldas
Disputes involving whether capital gains taxes are leviable on sums/assets paid to retiring partners has been a subject matter of litigation for several decades now.
Khaitan & Co
The Hon'ble Supreme Court, vide its order dated 29 May 2019, while refusing to interfere with the order of the Bombay High Court, has held that the position regarding the arrest provisions under Central Goods and Services Tax Act, 2017 ...
DNV & Co
From the Assessment Year 2019-20 and onwards the forms for filing Income Tax Returns have been changed. There is substantial amount of additional information is required from specific category of persons including
Nishith Desai Associates
AHEAD of this year's Budget, Software Coalition, an industry body representing many of the world's leading software companies, shot off a letter to the finance ministry seeking clarity on the tax treatment of cross-border payments made for computer software.
Khaitan & Co
The Government of Kerala has introduced a cess as per clause 14 of the Kerala Finance Bill, 2019 called the "Kerala Flood Cess".
Nishith Desai Associates
High Court sets aside section 197 order due to absence of prima facie evidence of tax avoidance ...
Khaitan & Co
The Hon'ble High Court of Orissa, vide its order dated 17 April 2019, in in Safari Retreats Private Limited v Chief Commissioner of Central Goods & Service Tax [W.P. (C) 20463 of 2018], has allowed availment of ITC...
Cyril Amarchand Mangaldas
The concept of dual residence crucially affects taxation of non-resident Indians and individuals who travel frequently ...
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LexCounsel Law Offices
One of the most common questions in an international transaction is the tax liability of the non-resident on the income proposed to be generated in India on provision of managerial, technical or consultancy services in India.
S.S. Rana & Co. Advocates
The economic growth of a nation is attributable to the availability of resources and facilities. Industrial development of a country depends chiefly on its mineral resources and their successful utilization.
Khaitan & Co
Thereafter, the Assessing Officer filed an appeal before the second level appellate authority.
Vaish Associates Advocates
On 19th March 2019, the 34th meeting of the GST Council recommended numerous rate-cuts for the real estate sector in a bid to ease the tax/compliance burden on all the concerned stakeholders.
LexCounsel Law Offices
Taxation is one of the most fundamental aspect of cross border transactions and generally attracts a lot of attention while negotiating and closing international deals.
DNV & Co
With globalisation and fast expanding businesses beyond Indian territory, Indian Companies avail various kinds of services from Companies and professionals outside India and incur expenses like Royalty, ...
Dhaval Vussonji & Associates
Prior to the introduction of the GST regime, service tax was not levied on transfer of development rights as the same was excluded from the definition of "service" being transfer of ‘title' in ‘immovable property', ...
Shardul Amarchand Mangaldas & Co
1.1 Estate duty was a form of tax which was levied on the total value of the property held by an individual calculated at the time of his / her demise.
S.S. Rana & Co. Advocates
Transfer pricing refers to the pricing strategy in play when there is transfer of goods/ services between associated enterprises.
Majmudar & Partners
The case concerns the activities of seven (7) expatriate employees and their Indian support team.
SKP Business Consulting LLP
The Central Board of Direct Taxes (CBDT) issued Circular No. 3/2018 dated 11 July 2018 which supersedes CBDT Circular No. 21/2015 dated 10 December 2015
Nishith Desai Associates
The most significant amendment to the Income Tax Act, 1961 ("ITA") introduced by the Finance Act, 2018 was the insertion of a provision imposing a long-term capital gains tax of 10% ...
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