The ruling affirms India’s shift from literal interpretation to a substance-based tax regime. It clarifies that transactions...
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Rule 51 limits Indian resident participation in original funds to 5% for specific AIF transfers, while Rule...
Draft Rule 50 provides a formula-based mechanism to attribute income taxed under Section 67(10) to capital assets...
The Court quashed a composite assessment order, holding that Sections 73 and 74 require separate show cause...
Tripura HC held ITC cannot be denied under Section 16(2)(c) if buyer is bona fide and no...
Observing that the charge-sheet had been filed and the maximum punishment under Section 132 was five years,...
Explains how Place of Supply rules decide whether CGST/SGST or IGST applies and which State receives revenue....
The Calcutta High Court held that amounts already deposited with CGST authorities, not linked to any outstanding...
Senior citizens get a slightly higher rate of interest on fixed deposits across public and private banks,...
While the PPF remains a top-tier savings tool, rules prevent investors from doubling tax benefits through multiple...