Ravi S. Raghavan, Partner – Tax & Client Group at Majmudar & Partners offered his comments on The Economic Times on the taxability of cryptocurrency in India and the government’s stance on it.
According to him, “The crypto property held by a taxpayer will be liable to tax in India depending on the intention to hold it either as investments to be taxed as capital gains or trade, which is to be taxed as business income”.
In the case of Somesh Choudhary v. Knight Riders Sports Private Limited & Ors, the National Company Law Appellate Tribunal (NCLAT) has held that claims arising from the grant of an exclusive right and license to use intellectual property rights falls...
Under the Industrial Disputes Act, 1947, normally, the termination of a fixed term contract does not elicit payment of retrenchment compensation to the contractual worker, unlike the termination of an open-ended employment agreement. In the recent case of Jamnagar...
On August 3, 2022, the Indian government withdrew the Personal Data Protection Bill (the “Bill”), which was first introduced in Parliament on December 11, 2019, and had been thoroughly analysed by a Joint Committee of Parliament (“JCP”). To a Bill which had 99...
The resolution of insolvent Reliance Capital Ltd. may face further delays due to a dispute with Credit Suisse AG. Akil Hirani, Managing Partner, was quoted in BQ Prime on the topic. "Since the Insolvency & Bankruptcy Code prescribes that all matters...
Ravi S. Raghavan, Partner - Tax and Private Client Group, was quoted by moneycontrol.com in an article on what the new TDS rule means for social media influencers. "People used to get benefits but there was no avenue for the government to track this because...
Akil Hirani, Managing Partner and Head of Transactions Practice, was quoted by The Economic Times on the topic of M&A transactions and the state of strategic deals of foreign entities foraying into India. "Although liquidity is tightening, there is still a...