by Majmudar & Partners | Dec 28, 2022 | Tax
Download .pdf In the recent Redington Distribution Pte. Ltd case, the Chennai Bench of the Income-tax Appellate Tribunal (the “Chennai Tribunal) held that a subsidiary company based in Singapore (the “Singapore Subsidiary”) of an Indian holding company (“Indian...
by Majmudar & Partners | Dec 16, 2022 | Technology, Telecommunication and Media
Download .pdf Background On November 18, 2022, the Indian government released a new draft Digital Personal Data Protection Bill, 2022 (the “Draft Bill”). The Draft Bill has been released for public comments (which can be sent on or before December 17, 2022)....
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...
