The Indian government has ended a key relaxation on the use of international credit cards (ICCs) by residents touring abroad. Such transact...

FEMA notification was required to operationalise provisions DPIIT issued through press note including FDI policy changes that will allow la...

While Indian corporates are expecting some key announcements which will enable them to reset their growth agenda, individual taxpayers are ...

Dasannacharya exercised his right under the stock option by way of “cashless exercise” where the underlying shares were not allotted but he...

Form 26AS is an annual consolidated tax statement that can be accessed from the income-tax website by taxpayers using their Permanent Accou...

The government should consider keeping in abeyance the 2 per cent equalisation levy on e-commerce companies as there are ambiguities surrou...

Transfer pricing implies the prices at which various overseas divisions of a company transact with each other. Generally, safe harbour is d...

The relaxation has been issued for B2B companies, “If at least 95% of aggregate of all amounts received during the previous year, including...

Earlier, such registrations/approvals were granted without any specific expiry period unless specifically withdrawn by concerned tax author...

The government in its Budget of FY 2020-21 put in place a new 2% levy on the online sale of goods and services into India by non-resident e...

Indian government has not prohibited such investments but only seeks to regulate them.

“The idea is to be vigilant towards such transactions,” said a department official. The department wants deeper enquiries into these transa...

The Central Board of Direct Taxes (CBDT) said in a statement that it will revise the income tax return forms - Income-tax Return (ITR) Form...

In a notice, the Central Board of Direct Taxes has said that in cases where donation is made by an employee through his/her employer, a sep...

The Central Board of Direct Taxes (CBDT) in its order gave a major relief to taxpayers whose application for lower or nil deduction of TDS/...

The Union budget 2020-21 has proposed to amend the Section 92CB of the Income Tax Act that empowers the Central Board of Direct Taxes to fr...

Multinational technology and digital companies may have to cough up a minimum level of corporate tax. The OECD seeks to use financial accou...