Capital gains tax Archives

No Relief to Tiger Global in Flipkart Share Sale case; Supreme Court says transaction designed with sole intent of evading tax

“Tax extractions by Sovereign states across the globe is broadly in the nature of an income tax called as the direct tax which includes international taxation and corporate taxation and the indirect tax which is a tax on goods and services which is termed as GST in India and VAT by the European Union and a resale tax in USA.”

Legislation Updates Notifications

Nominee to Legal Heir Made Easy: SEBI’s New Framework for Seamless Securities Transmission

Effective January 1, 2026, SEBI introduces TLH code to eliminate tax hurdles and ease succession.

Case Briefs Supreme Court

Section 45(4) of Income Tax Act applies not only in case of dissolution but also when subsisting partners transfer assets to retiring partners

The bench of MR Shah and M.M Sundresh, JJ explained the importance of the words “or otherwise” inserted to Section 45(4) of the Income Tax Act, 1961 by the Finance Act, 1987

Business News News

Government proposes LTCG tax on equity investment

The government has proposed a long-term capital gains tax for investing in the nation’s stocks, according to people with knowledge of the

Case Briefs High Courts

Exemption of tax on capital gains cannot be granted to an undertaking showing profit on ground of its revival charted out of BIFR

Delhi High Court: A Division Bench was seized of the question whether an undertaking which was being revived by BIFR could be