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CORPORATE TAX LITIGATION
Five reforms India needs before the next shockIndia faces economic vulnerabilities from external crises. Five reforms are proposed to build resilience. These include reducing gold and c...
Family Trusts need a rethink: DPDP, PMLA rules collide with informal promoter structuresIndia's family businesses face a complex succession era due to evolving regulations and generational differences. Law firms like Veritas Le...
At Big 4 firms, AI is starting to reshape the tax professionMajor accounting firms in India are embracing artificial intelligence for tax services. AI is automating routine tasks, research, and draft...
Wife’s MBA degree or past employment with MNCs can’t stop her from demanding maintenance, rules HCAn Allahabad High Court ruling states a wife's education or earning potential does not disqualify her from maintenance. The court considere...
Comcast's dirty secret cost them $117 million, you could be owed $10,000; here's how to grab your share by August 14The Comcast $117.5 million settlement has triggered a nationwide rush as millions of Americans now check eligibility for a possible $10,000...
India orders antitrust probe into liquor giant Pernod's dealing with retailersIndia's competition watchdog has launched a probe into French liquor giant Pernod Ricard. Allegations suggest exclusive deals with retailer...
The IRS owes millions of Americans a COVID refund — here's how to claim what is rightfully yoursMillions may miss money tied to the IRS COVID Refund Deadline 2026 Claim, set for July 10, 2026. This is not routine tax news. It stems fro...
Tata Trusts review trustee roles at two entities as Maharashtra law caps lifetime positionsTata Trusts is currently under the microscope due to its ongoing trustee appointments. Recent legislation in Maharashtra has placed limitat...
Property tax overhaul in NDMC: What the new Unit Area System means for youThe New Delhi Municipal Council is adopting a new property tax system. This move to the Unit Area Method will bring fairness and predictabi...
GAAR shadow over payments abroad worries India IncIndia Inc seeks clarity on General Anti-Avoidance Rules (GAAR) for payments to foreign entities after a Supreme Court ruling. The govt offe...
Govt to form panel to align tax, accounting rules and cut India Inc compliance burdenA joint panel will be formed by the corporate affairs ministry and CBDT by March-end. This initiative aims to align tax computation rules w...
I-T reaches out to individuals, firms as the Vivaad Se Vishwas scheme (VSVS) deadline nearsAssessing officers have identified cases where the I-T department has filed appeals in courts for settlement and in cases where the interes...
Companies send SOS to tax and audit experts for Vivad se Vishwas schemeDisputes are resolved by paying outstanding taxes while getting a waiver of interests and penalties.
Budget 2016 to bring reforms towards simplified tax regime: SurveyAs per Grant Thornton's Pre-Budget Corporate Expectations Survey - 2016, the upcoming Budget will bring tax reforms for minimisation of lit...
India Inc to pitch for simplified I-T laws with FM Arun Jaitley tomorrowIn their pre-budget consultation with Jaitley tomorrow, industry chamber CII is likely to demand lowering of corporate tax rate to near 20 ...
Phasing out tax exemptions to reduce litigation: Finance MinistryFinance Ministry said phasing out of tax exemptions will reduce litigation and lower corporate tax rates will make India a more competitive...
Corporate tax cut will make India competitive says Revenue Secretary Shaktikanta DasDrawing a comparison, he said the corporate tax rate was 25 per cent or less in other ASEAN nations, which were India's main competitors.
Budget 2015: Arun Jaitley wields scalpel to cut tax disputesThe FM has decided to scrap a range of exemptions in the corporate tax regime that have led to litigation and loss of revenue and has propo...
Finance Ministry sets up panel to reduce tax litigationsIn order to reduce litigation in direct taxes, Jaitley had propose to make certain legislative and administrative changes.
- Debt need not be established as ‘bad’ for tax deduction: SC
Corporates and banks will not have to establish a debt as a ‘bad debt’ in order to claim tax deduction, according to a recent Supreme Court...