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...
Top-level rejig hits mid-cap ITs; Fintechs wary of RBI wallet rulesHappy Thursday! Mid-sized IT firms are realigning leadership teams as AI-driven changes force a rethink. This and more in today's ETtech Mo...
Deloitte India aims to become country's biggest professional services firm by 2028Deloitte India is on track to claim the title of the nation's premier professional services provider by 2028, fueled by an expansion strate...
India’s new safe harbour rules create fresh tax dilemma for multinationals, GCCsMultinationals in India are reassessing their tax strategies. A new safe harbour regime offers lower margins for IT and ITeS services. Comp...
Tax on destination wedding outside India: Will income tax apply on gifts in form of cash, property, gold jewellery? Know the rulesWhether it is cash, gold, car, or even a property, if gifted to the bride or the groom on their wedding, no tax would be levied on the gift...
GST Council should consider lowering tax on household insecticides to 5 pc: EY-HICA reportA new report recommends lowering the Goods and Services Tax on household insecticides. The current 18 percent rate could be reduced to 5 pe...
A loan you never took; How PAN fraud is wrecking credit scores in India and what you should do to protect yourselfIndians are facing a new threat: PAN-based loan fraud. Criminals are using stolen PAN details to take out loans without consent. This is da...
AI in tax litigation: The new lifecycle of dispute managementFrom reactive battles to probabilistic, data-driven strategies, the next decade of tax litigation is being reshaped by artificial intellige...
EY tax ruling may be a ray of hope for Chinese companiesThe department taxed Ernst & Young Global under three heads: software charges, global technology charges and global wide area network (GWAN...
Loss in foreign exchange on external commercial borrowing can be capitalised: Tax tribunalThe tax department had argued that the forex loss is notional and cannot be capitalised. The tribunal held that such mark to market losses ...
No investment-linked deduction available if audit report not submitted with income tax returns: Delhi Tax TribunalThe Tribunal ruled that in the absence of the audit report being furnished along with the tax return, claim for deduction of incentive bene...
New income tax regime vs old: Which is better for you?To see if the new regime is beneficial, each individual will have to make their own calculations.
Claiming home loan interest tax break on rented house? Budget 2017 has bad news for youThe budget proposes to restrict the loss on house property that can be deducted from 'other heads of income' such as 'salary income' to Rs ...
Budget 2016: Do away with corporate tax surcharges, retrospective tax, says EYEY has advocated for doing away with retrospective tax amendment, particularly in connection with the British telecom major Vodafone.
India has 3rd largest number of transfer pricing cases: E&YWith about 3,500 disputes, India has the third largest number of pending cases related to transfer pricing in the world, says global consul...
- Hoshnar Kapadia has not worked on its matters, says Vodafone
Vodafone India said accounting firm Ernst & Young has confirmed that Hoshnar Kapadia, son of S H Kapadia, has not worked on any Vodafone-re...
- 'Vodafone was advised to pay withholding tax before deal'
The Indian tax authorities had advised British telecom major Vodafone to pay tax on its $11-billion acquisition of Hutchison Essar before i...