A bench of Justices BR Gavai, BV Nagarathna and Pankaj Mithal rejected a batch of review petitions filed by the Commissioner of Income Tax ...

Sale and purchase of goods or services exceeding ₹2 lakh in cash must be reported on form SFT-013 by the seller. As per the board's plan, d...

ITRs filled with fake rent receipts from close relatives, extra claims against home loans, false donations may come back to haunt many, par...

The travel industry in India has expressed gratitude for the government's decision to withdraw the increase of tax collected at source (TCS...

"The TCS should be completely abolished or should be kept at a notional rate of 0.1% which will still meet the government objective of chec...

The company has now approached the high court for state of Telangana at Hyderabad challenging the applicability of the section for some tra...

The apex court on May 4 ruled that thousands of show-cause notices issued by the income-tax department under an old provision (Section 148)...

The government broadened the scope of equalisation levy at 6%, first introduced in 2016, to include additional transactions. The definition...

ET had reported in its edition dated August 5 that Google's stance of passing on the 2% equalisation levy to all its clients, even if they ...

Several multinationals and startups that operate through a complex maze of structures as part of their tax planning are set to see their ta...

Under the GST framework, nothing is for free. The ruling said that GST should be levied on these items and they should not be treated as co...

Google, Facebook and Twitter, among others, are exploring whether they could outsource some of the functions to a separate entity or a cons...

Big Tech firms, including Facebook, Amazon and Google, are set to file for tax refunds in India following a Supreme Court judgment on tax o...

Input tax credit on any brand promotion item (goods) where name of a company is mentioned would attract GST, Karnataka Authority for Advanc...

OECD has released much awaited Transfer Pricing Guidance on implications of Covid-19 pandemic. The OECD guidance focuses on all the complic...

ANP wanted to provide certain services to an Indian client. For this ANP entered in an agreement with ABS. For the execution of the contrac...

CBDT asked officers to not issue notices for now, but collect data that will help settle pending litigation.