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IntroductionSections 89 and 90 of the Companies Act, 2013 outline distinct disclosure requirements relating to shareholding in Indian companies. While both provisions promote transparency, their focus...

Introduction: The Significance of Accurate DIN InformationEvery individual appointed as a director in an Indian company must possess a valid Director Identification Number (DIN), as mandated by the Co...

OverviewSection 143(2) notices are being issued by the Income Tax Department as part of the scrutiny process for Assessment Year (AY) 2024–25. If you, as an assessee, have received this notice, it is...

Introduction to Non-Resident Status under Indian Tax LawIndian tax statutes, specifically Section 6(1)(c) of the Income Tax Act, 1961, lay out the criteria for classifying an individual as a ‘non-resi...

1. Introduction and Case Background(i) Overview of the RulingThe Delhi Income Tax Appellate Tribunal (ITAT) delivered a significant decision regarding the tax residency status of Essar Com, a Mauritiu...

Overview of Supreme Court’s Verdict on IGST for Aircraft Repairs OverseasOn July 14, 2025, the Supreme Court of India delivered a crucial judgment dismissing the customs department's appeal which soug...

Overview of the Recent Income Tax Raids(i) Nationwide Operation to Curb False Deduction Claims(a) In a significant step towards promoting tax compliance, the Income Tax Department recently conducted a...

Foreign entities intending to establish a private limited company as a subsidiary in India are required to meet several statutory and procedural obligations under Indian law. This article outlines the...

Overview of RCM Provisions in GSTi. Introduction and Legislative BackgroundSince the inception of the Goods and Services Tax (GST) regime on 1st July 2017, the Reverse Charge Mechanism (RCM) has evolv...

Overview and ContextReceiving Notices via Informal ChannelsA recent query from a client highlighted an emerging issue: a GST officer demanded an immediate response regarding Input Tax Credit (ITC) rev...

IntroductionThe Allahabad High Court, in the matter of D.R. Hotels Pvt. Ltd. v. Deputy Commissioner, Sector 20, State GST, Lucknow, has clarified that serving statutory notices through a registered em...

Overview of the JudgmentThe Gujarat High Court, in the matter of Marcowagon Retail (P.) Ltd. v. Union of India (R/Special Civil Application Nos. 2234 & 2236/2025), determined that imposing a penalty s...

Introduction to Late Fees Under the GST FrameworkThe Goods and Services Tax (GST) regime in India was established to create a unified, streamlined system for the taxation of goods and services. One of...

Introduction to Section 185Section 185 of the Companies Act, 2013, together with the relevant rules, provides a stringent regulatory framework on the manner in which companies can extend loans, guaran...

Introduction to Section 8 Companies(i) Definition and PurposeA Section 8 Company, as defined under the Companies Act, 2013, is a special type of company formed with the primary goal of promoting chari...

1. Introduction: The Imperative of TDS/TCS ComplianceTax Deducted at Source (TDS) and Tax Collected at Source (TCS) are integral components of India’s tax system, ensuring a steady inflow of revenue t...

1. Introduction to Tax Audit: Legal FoundationLegal Basis for Tax Audit ObligationsSection 44AB of the Income-tax Act, 1961, sets the framework for mandatory tax audits for certain categories of asses...

Introduction: The Risks of DIY Tax ComplianceIn popular cinema, it's not uncommon to witness a protagonist removing a bullet from their own body with basic tools, surviving against all odds. While thi...

Overview of Interest on Late TDS Deductioni) Responsibility for Timely TDS Deduction(a) As per the Income Tax Act, assessees are required to deduct Tax Deducted at Source (TDS) by the stipulated deadl...

Introduction: The Evolving Landscape of Property RightsThe Supreme Court’s recent decision in K. Gopi v. State & Ors. (delivered June 7, 2025) brings to the forefront the ongoing complexities in deter...