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Obligation (in the hands of telecom companies) to withhold taxes under Section 194H of the Income-tax Act, 1961 (IT Act) on discounts given to SIM card distributors has been a matter of long drawn dispute.
Nexdigm Private Limited
Vouchers have been a popular mode of gifting in this era, considering the ease of their purchase and redemption.
Khurana and Khurana
This article aims to analyse the case of Assistant Commissioner of Income-tax (Exemptions) v. Ahmedabad Urban Development Authority which is landmark case that dynamically changed the interpretation of Section 2(15) of the Income Tax Act, 1961.
S&A Law Offices
Section 245 of the Income Tax Act 1961 provides that if income tax refund is found due to any person, by the Assessing Officer, the Deputy Commissioner...
S&A Law Offices
Understanding provisions relating to withholding tax on payment to non residents is vital for businesses and individuals engaged in cross-border transactions.
S&A Law Offices
The Equalisation Levy was initially introduced in India in 2016 under the Finance Act, 2016. It refers to the tax imposed on the consideration received...
IndusLaw
Finance Minister Nirmala Sitharaman presented the Vote on Account Budget on February 1, 2024, as the General Elections are scheduled this year.
Majmudar & Partners
The Gujarat High Court (the "HC"), in a recent ruling (the "HC Ruling"), dismissed the Indian tax department's (the "ITD") appeal against a Tribunal Ruling allowing the taxpayer...
Nexdigm Private Limited
Transfer Pricing (TP) in India, was first introduced in 2001, in the Income-tax Act 1961 (the Act) and has seen various developments in the past two decades.
Nexdigm Private Limited
Recently, the Chennai Income-tax Appellate Tribunal (ITAT or Tribunal) in the case of Cognizant Technology Solutions India Pvt. Ltd (Company or the assessee or the taxpayer)...
Nexdigm Private Limited
As the Indian GDP grows, the Indian industry continues to expand across the global, supplemented by digitalization.
Nexdigm Private Limited
Mergers and Acquisitions (M&A) is the most popular route used by companies looking to consolidate businesses, expand operations, rationalize holding structures.
Nexdigm Private Limited
The GST Council in its 50th and 51st meetings had recommended to levy GST on Casino, Horse Racing and Online gaming at the uniform rate of 28% on full face value.
Nexdigm Private Limited
While marking its 50th meeting milestone, the GST Council has announced a slew of recommendations relating to changes in GST rates...
Nexdigm Private Limited
The last decade has witnessed an exponential rise in the start-up ecosystem in the country. While the COVID-19 outbreak and the effects of the lockdown...
Metalegal Advocates
The article analyses the intricate realm of the Foreign Exchange Management Act, 1999 ('FEMA') and its remarkable evolution from the stringent Foreign Exchange Regulation Act, 1973 ('FERA').
S&A Law Offices
The Petitioner engaged in the business of electronics entered into a Secondment and Cost Reimbursement Agreement with its parent company in Japan, by virtue of which, certain employees...
R. Arora & Associates
A foreign entity in Japan is in process of appointing a sales agent in India to market and sell their products.
R. Arora & Associates
Are you an NRI who has had to pay high withholding tax/TDS (about 22 to 23%) on sale of your Indian property.
Nexdigm Private Limited
Determination of market value in an inter-unit transfer in the context of profit-linked incentive deduction - end to disputes or beginning of new one?
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