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 recent ruling of Orissa Metaliks Pvt. Ltd. v. SBW Electro Mechanics Import Export Corporation (2023 SCC OnLine Cal 1583), the Calcutta High Court (HC), in deciding the validity of an arbitration clause, has held that the venue of the arbitral proceedings must...
Angel tax that was introduced in 2012 as an anti-abuse measure to prevent money laundering, has wreaked havoc for many start-ups (and will now do the same to multinational companies). A better approach may be to let commerce and business operate freely but seek...
We are pleased to share that we have been ranked for multiple practice areas in the Benchmark Litigation 2023 rankings. Firm Rankings Commercial and Transactions Construction Government and Regulatory Insolvency International Arbitration Labour and Employment...
Congratulations to Akil Hirani, Managing Partner and Head of Transactions, on being ranked as a top lawyer in India by Forbes India in their Legal Powerlist 2022.
To simplify the processing of applications to strike off Indian companies from the register (a step which comes after liquidation formalities are complete and effectively marks the closure of an Indian company), on March 17, 2023, India’s Ministry of Corporate...
The IRDAI has notified three regulations, which came into force on April 1, 2023, that are poised to grant insurers greater freedom in their organizational management and will have a material impact on insurers, insurance intermediaries and insurance agents. ...