Appraisal season this year saw companies begin aligning salary structures with new labour codes and updated income tax rules. While some fi...

Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxe...

Multinationals in India are reassessing their tax strategies. A new safe harbour regime offers lower margins for IT and ITeS services. Comp...

In a letter to shareholders, Warren Buffett declared war on one of finance's most sacred concepts: Beta. The academics had it backwards, he...

Last fiscal year, the Income Tax Department successfully resolved an impressive 222,000 appeals, showcasing a remarkable 29% growth in effi...

Explaining the hike in securities transaction tax (STT) on derivatives, CBDT chairman Ravi Agrawal said that the reforms regarding the mini...

The Central Board of Direct Taxes has formed a committee to review the Income-tax Act, 1961. This follows the Union Budget 2024-25 announce...

ICAI welcomes the tax proposals in the Union Budget 2024-25, emphasizing simplification, improved services, tax certainty, and reduced liti...

The Central Board of Direct Taxes (CBDT) has entered into a record 125 Advance Pricing Agreements (APAs) with Indian taxpayers in 2023-24. ...

This includes 63 Unilateral APAs (UAPAs) and 32 Bilateral APAs (BAPAs). With this, the total number of APAs since inception of the APA prog...

The Income-tax Appellate Tribunal has given this ruling in respect of a case pertaining to Navi Mumbai based leasing company. This will hav...

Experts said the push to ensure honest taxpayers have certainty and a non-adversarial or soft-touch regime would help put energy and effort...

With the signing of these agreements, the total number of APAs entered into by CBDT has gone up to 219. This includes 199 unilateral APAs a...

The taxpayer has the option to rollback the APA for four preceding years, as a result of which nine years of tax certainty is provided. Sin...

The two APAs signed earlier this month pertain to sectors like chip design or development of embedded software and information technology (...

Unilateral APAs refer to the signing of agreement with the Indian tax authorities and an MNC, while bilateral APAs also involve the governm...

The Tax Department today signed seven more unilateral Advance Pricing Agreements (APAs) with taxpayers with an aim to reduce litigation.