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NANGIA ANDERSON
Government notifies amended forex rules for startupsIndia's amended Foreign Exchange Management Regulations 2024 simplify opening foreign currency accounts for DPIIT-recognised startups, alig...- GIFT City gets in pole position for F1 trackGIFT City in India is taking steps to develop a Formula 1 motor racing circuit and hopes to host the Olympics in 2036. Six teams of renowne...
- Parliament clears amendments to competition lawThe bill has been approved by Parliament nearly eight months after its introduction in Lok Sabha, which gave its nod on March 29. The bill ...
- Forex rules trip Indian angels looking to fund global startupsCompliance issues rise as authorised banks insist on investments via overseas direct investment route.
- Tax reassessment notices issued from April '21 upheld by SCIn the budget for FY22, the government had reduced this reopening period to three years with effect from April 1, 2021, to reduce litigatio...
- Taxpayers from France, Swiss companies cannot claim low tax benefit by citing tax treaties with other OECD membersExperts claim that this will have a bearing on Indian arms of companies based in these countries and were engaged in litgation with Indian ...
- Interest for delayed payment on imported goods liable to GST: AARAAR observed that the holding company had “tolerated the act” of receiving payment after a lapse of a period of 120 days from the date of t...
- ITAT rules in favour of Hero MotoCorp in an inter group transfer pricing caseThe tax department had questioned certain inter group transactions regarding purchase of auto components within units were questioned under...
- Indian taxman goes after Chinese telecom major HuaweiThis ruling would also bring more discussions around the concept of permanent establishment or a PE. As per tax regulations PE is broadly a...
- Prior agreement key to categorisation of international transaction: Tax rulingAs per the details of the case Gujarat Gas Trading Company had entered into an international transaction for corporate guarantee with BG En...
- ABB tax ruling: Fee for Technical Services taxable only in the year of receipt under India-Germany tax treatyAs per the detail of the case Germany headquartered arm of ABB, the Swedish-Swiss multinational, had received some money for testing and in...
- Government plans to decriminalise compoundable offences under LLP ActIn a public draft on Friday, the MCA listed 20 sections of the LLP Act, ranging from registration or change of designated partners to maint...
- Model Tenancy Bill: How it benefits tenants and home ownersThe draft legislation proposes to set up a rent court for addressing issues related to tenancy and rent.
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