No concessional tax rate on dividends from foreign entities to impact startups, companies looking to bring in cash to IndiaUp until now, the dividend received by an Indian company from a foreign subsidiary or company where it held at least 26% was taxed at a con...
01 Feb, 2022, 06.23 PM IST
Income tax cannot raise fresh claims after resolution plan approved under IBC: Bombay High CourtThe tax department had issued fresh notices to the corporate debtor after a resolution plan was approved. There is still ambiguity over wha...
20 Jan, 2022, 05.13 PM IST
New NCLT ruling gives leeway to companies that want to restructure, give exit to some shareholdersThe ruling brings clarity that such re-classification does not tantamount to reduction of 'equity share capital' per se. The NCLT said ther...
25 Sep, 2021, 09.26 AM IST
Relief for M&As, company rejigs on carrying forward lossesA tax tribunal has ruled that losses can be carried forward for eight years if the “effective” shareholding doesn’t change, an order that c...
17 Sep, 2021, 07.15 AM IST
Foreign FIs halt plans to set up investment firms within IFSCsA European fund that was looking to set up a base in India via IFSC stumbled into a roadblock after its legal advisors pointed out that Ind...
28 Jul, 2021, 09.31 AM IST
Execs, HNIs stuck in India may face tax, regulatory troublesMany executives on global assignments had moved back to India during the second wave of the pandemic but are now unable to return.
27 Jul, 2021, 07.37 AM IST
Tax ruling: PE, VC funds rush to tax experts to assess indirect tax impact on their past investmentET had first reported on July 6 that a tax tribunal has held that indirect taxes are applicable on expenses incurred by venture capital, pr...
16 Jul, 2021, 09.41 AM IST
Non-business profit/loss can be carried forward: Karnataka High CourtThe recent ruling said if a company, while paying taxes or preparing financial statements, had categorised a certain amount as “other busin...
07 Jul, 2021, 08.05 AM IST
Holders of convertible preference shares in a spot over Supreme Court rulingThe top court also made clear that investors cannot redeem such shares before the National Company Law Tribunal has ruled either way – whet...
14 Jun, 2021, 07.08 AM IST
Individuals, companies drag taxman to court over faceless assessment lapsesFaceless assessment is a tax evaluation process in which there is no in-person interaction with the tax officers and was started to counter...
25 May, 2021, 09.42 AM IST
Auditors ask PE, VC funds for reports on due diligenceAccording to the Securities and Exchange Board of India (Alternative Investment Funds) (Second Amendment) Regulations, 2021, which came int...
13 May, 2021, 08.16 AM IST
Delhi High Court stays show cause notice by I-T dept under faceless assessment regimeThe Delhi High Court said the submission that there was a breach of principles of natural justice appears to be prima facie correct. The co...
07 May, 2021, 11.41 PM IST
Skin in the game order knots mutual fund employees’ income taxSince the value of this portion of the compensation will be market-linked and changing on a daily basis, it is unclear how it will be taken...
05 May, 2021, 04.04 PM IST
New rules to bring MNCs, startups under tax lensSeveral multinationals and startups that operate through a complex maze of structures as part of their tax planning are set to see their ta...
05 May, 2021, 08.48 AM IST
PEs, VCs face issues in valuing portfoliosExperts claim that following the recent change whereby AIFs are now categorised as securities, that’s creating the complications.
24 Apr, 2021, 12.23 PM IST
Aditya Birla group gets partial relief from ITATThe Mumbai Income Tax Appellate Tribunal (ITAT) stayed the tax demand but asked the Aditya Birla group to pay a security amount of ₹760 cro...
20 Apr, 2021, 02.45 PM IST
IFSCA notification set to see more captive units exploring units in Gift CityTax experts say that this is mainly due to the tweak in regulations around GIFT and around direct tax regulations. Entities engaged in fina...
20 Nov, 2020, 03.07 PM IST