US lawmakers welcomed a court ruling blocking a proposed USD 100,000 H-1B visa fee, despite White House plans to appeal. The decision cruci...

Tiger Global’s Mauritius tax structure came under sharp judicial scrutiny as the Supreme Court set aside a Delhi High Court order granting ...

India's tax authorities are increasingly using General Anti-Avoidance Rules, or GAAR. Recent rulings show GAAR targeting corporate restruct...

The amendment, which is in sync with the ongoing global tax agreement, will discourage existing source-based tax exemptions claimed by the ...

Cairn Energy said on Tuesday that it had identified Indian assets in overseas jurisdictions which it can seize if India does not pay up the...

With Biden making announcements to increase corporate tax in the run up to the election, companies are exploring options they might have in...

The AAR, in its ruling, said the investment was routed through the Mauritius entity only to benefit from the India-Mauritius tax treaty whi...

It has deposited its list of reservations and notifications as per the country positions released by the OECD. India proposes to impose the...

MLI will enable India to modify its tax treaties to curb revenue loss through treaty abuse or BEPS strategies where companies park their pr...

Countries are taking steps to prevent such abuse by amending domestic tax provisions or by joining hands with global organisations.

"GAAR is an anti-abuse provision. It applies in all those cases where you are able to establish through process of adjudication some sort o...

"It has been proposed that the provision relating to substantial value of assets located in India would get triggered, if the Indian assets...

"A definite date along with the rules would give preparatory time for the department and also provide certainty to the industry," an income...

A closer comparison with developments in UK and China will reveal the shortcomings of India's approach to retroactive legislation.

Tax authorities argued that the company had to pay capital gains tax as the deal-making involved an Indian asset.

A division bench of the ITAT held that the finance structure used by the taxpayer had to be specifically prohibited for it to be illegal.

Govt is set to frame anti-abuse rules that will empower tax authorities look for 'avoidance' transactions. Plan tax investments early I Get...