by Majmudar & Partners | Dec 13, 2022 | Tax
Download .pdf In the recent MIH India (Mauritius) Limited case, the Delhi Bench of the Income-tax Appellate Tribunal (the “Delhi Tribunal”) held that the income earned by way of capital gains by a Mauritius tax resident on the sale of shares of an Indian company is...
by Majmudar & Partners | Oct 17, 2022 | Tax
Download .pdf In a recent ruling, the Jaipur bench of the Income Tax Appellate Tribunal (the “Tribunal”) has upheld that there will be no Equalisation Levy on Google advertisement payments made by an Indian tax resident if the advertisers and the target audience are...
by Majmudar & Partners | Aug 17, 2022 | Tax
In the Air India Limited case, the Delhi High Court has, once again, reiterated that for payments made by an Indian tax resident to a non-resident, the Indian payor will be correct in applying the withholding tax rate prescribed under the double taxation avoidance...
by Majmudar & Partners | Jul 28, 2022 | Tax
Download .pdf Recognizing the prevalence of flexible hybrid working models and taking into account industry demands, the Ministry of Commerce and Industry, Government of India, has introduced a new Rule 43A – “Work from Home” in the Special Economic Zones Rules, 2006...
by Majmudar & Partners | Jul 24, 2022 | Tax
Download .pdf On the occasion of Income Tax Day, the firm’s tax team has compiled noteworthy tax law changes and happenings over the last year. Retrospective application of Indirect Share Transfer provisions nullified Indian tax authorities have clarified that...
