by Majmudar & Partners | Mar 23, 2017 | Tax
Background Under the provisions of the Income-tax Act, 1961 (the “IT Act”), the income of a non-resident is deemed to accrue or arise in India, inter alia, if it arises, directly or indirectly, through the transfer of a capital asset situated in India. The Finance...
by Majmudar & Partners | Mar 15, 2017 | Intellectual Property
Introduction On March 6, 2017, the Government of India (the “Government ”) notified the Trade Marks Rules, 2017 (the “2017 Rules ”), which replace the Trade Marks Rules, 2002 (the “ 2002 Rules”) and revamp the regime for trade mark filings in India. The Trade Marks...
by Majmudar & Partners | Mar 7, 2017 | Real Property
Introduction Consumers in the real estate sector, particularly the residential real estate sector, often find themselves locking horns with builders or developers from whom they have purchased apartments in residential buildings. Grievances of consumers have commonly...
by Majmudar & Partners | Feb 1, 2017 | Policy & Governance Updates, Tax
Introduction India’s Union Budget (the “Budget”) was announced on February 1, 2017, and the Finance Bill, 2017 (the “ Finance Bill”) was tabled in Parliament. Most of the income tax proposals in the Finance Bill will be effective from the financial year commencing on...
by Majmudar & Partners | Jan 20, 2017 | Competition, Corporate/M&A
In June 2011, the Indian government implemented the merger control regime under the Competition Act, 2002 (the “Act”) and the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011...
