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DELOITTE TAX RESEARCH
RBI's inflation forecast signals 1-2 rate hikes in coming months: ExpertsExperts anticipate one to two rate hikes in the coming months following the RBI's increased inflation forecast, despite keeping the policy ...
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...
ET Awards: India Inc discusses strategy as FM Sitharaman signals readiness for reforms amid rising global uncertaintyIndia's finance minister has urged industry leaders to engage in open dialogue. Discussions at the Economic Times Awards focused on navigat...
Deloitte launches AI-powered search platform Tax PragyaDeloitte India has launched Tax Pragya, an AI-powered platform designed to speed up tax research and provide clear, reliable insights. It c...
Three-fourths of top taxpayers back Standard Audit File for Tax, Tax E-Wallet: Deloitte surveyA new Deloitte India survey reveals that most high-income taxpayers in India support the government's digital tax initiatives, such as the ...
Tax exemptions to firms engaged in space sector to help boost growth: Deloitte India-CII report"While the Indian government has started to provide tax impetus to the space sector, it needs to take more initiatives for tax exemptions/t...
Loss incurred by selling assets can be treated as business loss: Madras High CourtAs per the detail of the case a company was winding up its business and was selling all its assets including its depreciable assets. Deprec...
Live feed from foreign jurisdiction and money earned from that isn’t royalty: Tax rulingThe tax department on the other hand said that the entire income was taxable in India as per the India-Singapore tax treaty. The tax depart...
Money received from partnership firm on retirement is exempted from capital gains taxCapital gain tax is levied on returns from all equity investment as well as real estate investments. As per the details of the case a partn...
Trillions of rupee stuck in pending income tax litigation, fresh measures needed: ReportThe governments recently announced schemes such as Vivad se Vishwas did help but more needs to be done, a Deloitte research report said. Th...
Income from distribution rights is not royalty: ITATAs per the details of the case a US based company had provided exclusive distribution rights to an Indian company. The Indian company could...
Simplifying tax regulations could improve India’s rank in Ease of Doing Business indexAs per the research report by Deloitte, India’s overall ranking gets pulled down due to lower score in taxes department. The country could ...
India doesn’t have first right to tax shipping income of foreign companies under India-Singapore tax treaty: ITATThe ITAT upheld that only a resident state has a sovereign right to tax shipping income. ITAT ruled that under the provisions of India-Sing...
Distributor should pay tax on software procured from company outside India: Bengaluru ITATAs per the details of the case an Indian arm of a Jersey based company was responsible for software distribution in India, conducting event...
Exceptions to indirect share transfer provisions introduced in 2015 applicable retrospectively: ITAT DelhiA Delhi bench of Income Tax Appellate Tribunal ruled that the exceptions provided under the indirect transfer of shares regulations should ...
Wholesalers cannot claim tax benefit of expenses related to free samples: ITATITAT said that the burden to incur expenditure of new product samples is that of a manufacturer of a product. And that the related party wh...
Tax case: McKinsey has KPO in India not BPO, says Supreme CourtThe Supreme Court upheld a Delhi High court order on the issue, rejected McKinsey’s petition.
Base Erosion and Profit Shifting guidelines stump MNCsUnder BEPS, multinationals will be required to declare details of revenues earned, taxes paid, employees hired, supply chain management in ...
- India may see negative inflation for next 2 months: Deloitte
Inflation may continue to fall for another two months and the government would need a prudent policy to avert "an alarming situation," fina...
- Four senior PwC execs join rival Deloitte
Four senior executives from PricewaterhouseCoopers have joined rival and professional services major Deloitte Touche Tohmatsu signalling a ...