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In our rapidly changing world, individuals, including company directors, frequently travel for various personal or professional reasons. Within a company, governance is conducted by the Board of Direc...

The Ministry of Corporate Affairs (MCA) has recently introduced modifications to the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, through the Companies (Compromises, Arrangemen...

Legal Status of Virtual Digital Assets (VDAs) in IndiaIn India, Virtual Digital Assets (VDAs) are not categorized as illegal, yet they are not acknowledged as legal currency. Originally, the Reserve B...

1. Understanding Fixed Assets under GST The Goods and Services Tax (GST) regime in India doesn't explicitly define "fixed assets". Instead, it employs the concept of "capital goods". As per Section 2(...

Checklist for Tax Appeal Filing in India: Monetary Thresholds and Exceptions 1. Overview The Central Board of Direct Taxes (CBDT) in India has established monetary thresholds for filing tax appeals to...

OverviewShort-term capital gains on specific securities are subject to taxation at a rate of 20% if securities transaction tax (STT) is paid at the point of sale. Notably, deductions under Chapter VI-...

IntroductionProfits derived from the sale, redemption, or maturity of specific mutual funds, market-linked debentures (MLDs), or unlisted bonds or debentures qualify as short-term capital gains. These...

Case OverviewTips Industries Ltd. v. Special Director Directorate of Enforcement, Mumbai [2024] 166 taxmann.com 225 (SAFEMA - New Delhi)Case SummaryTips Industries Ltd., an appellant, invested in its...

Suresh Himmatlal Parmar v. Special Director, Directorate of Enforcement [2024] 166 taxmann.com 526 (SAFEMA - New Delhi)OverviewAn imposition of penalty by the Adjudicating Authority (AA) was faced by...

Corporate Legal Developments in IndiaOverview:India's merger and acquisition regulations are governed by the Competition Act, 2002. According to this Act, parties are required to notify the Competitio...

Understanding Current Tax Status for RNOR IndividualsFor Resident Not Ordinarily Resident (RNOR) individuals in India, navigating the tax liabilities due to their specific residential classification p...

By Anil Kumar Table of Contents Understanding Permanent Establishment 1.1. Definition and Significance 1.2. Types of Permanent Establishment India's Legal Landscape for Permanent Establishment 2.1. Do...

Form BEN-2 serves as a declaration of significant beneficial ownership according to Section 90 of the Companies Act, 2013. This document is essential for identifying individuals who are major stakehol...

Introduction In response to evolving corporate needs, the Ministry of Corporate Affairs (MCA) has issued General Circular 09/2024 on September 19, 2024. This circular provides crucial guidance on cond...

The Union Budget 2024-25 introduced enhanced monetary limits for filing appeals related to Direct Taxes, Excise, and Service Tax across various judicial forums. In a notable response, the Supreme Cour...

Introduction: Recent Developments in Tax Processing The Indian Income Tax Department has recently begun processing tax returns for the latest financial year, revealing an unexpected issue that has cau...

Q1: What is the Direct Tax Dispute Resolution Scheme, 2024?A1: The Direct Tax Dispute Resolution Scheme, 2024 is a government initiative designed to efficiently resolve pending direct tax disputes. Co...

Direct Taxation Auroville Foundation: A New Research Institution The Income Tax Department has recognized Auroville Foundation as an "Other Institution" for research in social science and statistical...

Introduction The implementation of the Goods and Services Tax (GST) has brought about significant changes in various sectors of the Indian economy, with the real estate industry being no exception. Th...

Introduction Limited Liability Partnerships (LLPs) in India have the flexibility to modify their registered names post-incorporation. This process, while offering strategic advantages, requires adhere...