Legislation UpdatesNotificationsTaxation

The Finance Ministry has simplified the process of assessment in the case of Startup entities. In cases where scrutiny assessments of Startup

Continue reading
Legislation UpdatesNotificationsTaxation

With a view to bringing greater transparency in the functioning of the tax-administration and improvement in service delivery, almost all notices and

Continue reading
Taxation

The Double Taxation Avoidance Agreement (DTAA) between India and Kenya was signed and notified in 1985.  Subsequently, the DTAA was renegotiated and

Continue reading
Taxation

The Ministry of Finance has issued a clarification with regard to the following services approved by the GST Council in its 25th

Continue reading
Taxation

The existing regime has led to significant erosion in tax base resulting in revenue loss and the problem has been further compounded

Continue reading
Taxation

Section 56(2)(viib) of the Income-tax Act, 1961 (Act) provides that where a closely held company issues its shares at a price which

Continue reading
Taxation

S.O. 529(E).— In exercise of the powers conferred by sub-section (6) of Section 129 of the Companies Act, 2013 (18 of 2013),

Continue reading
Hot Off The PressNewsTaxation

As per discussions held in the 22nd GST Council Meeting held under Chairmanship of Union Finance Minister Shri Arun Jaitley on 6th

Continue reading
Hot Off The PressNewsTaxation

Certain transitional issues arising with respect to payment of service tax after 30th June 2017 have been clarified by CBEC vide circular

Continue reading
Hot Off The PressNewsTaxation

The Goods and Services Tax (GST) tax was introduced on 1st of July 2017.  The last date for payment of GST for the

Continue reading
NewsTaxation

The roll out of Goods and Services (GST) Tax will bring benefits to the consumers due to reduced tax rates on various

Continue reading
Case BriefsSupreme CourtTaxation

Supreme Court: The important question before the Court was that for calculating the turnover for the purpose of payment of turnover tax

Continue reading
Case BriefsSupreme CourtTaxation

Supreme Court: Deciding the question that whether the Deputy Director of Income Tax was competent to make complaint regarding commission of offence

Continue reading
Case BriefsHigh CourtsTaxation

Delhi High Court:  A Division Bench of the Delhi High Court comprising of S.Muralidhar and Vibhu Bakhru, JJ. ruled on whether ‘service

Continue reading
Case BriefsSupreme CourtTaxation

Supreme Court: In the matter where the question for consideration before the bench of Dr. A.K. Sikri and R.F. Nariman, JJ was

Continue reading
Case BriefsSupreme CourtTaxation

Supreme Court: Deciding on the issue that whether the State Government may deny the tax exemption which was promised earlier, the bench

Continue reading
Legislation UpdatesNotificationsTaxation

On 7-10-2015, the Union Cabinet approved the protocol amending the Convention and the Protocol between India and Israel for avoidance of double

Continue reading
Case BriefsSupreme CourtTaxation

Supreme Court: The Bench comprising of A.K. Sikri and R.F. Nariman JJ. held that Works Contract Service was not a taxable service

Continue reading
TaxationTreaties/Conventions/International Agreements

On 18.05.2015, various agreements/ MoU’s were signed between India and Korea. They are as follows: Agreement for the Avoidance of Double Taxation

Continue reading
High CourtsTaxation

Kerala High Court: Dealing as to whether the payments by way of salary/ pension made by the Government to the members of

Continue reading