by Ravi S. Raghavan | Oct 3, 2020 | Authored by Ravi S. Raghavan, Tax
India’s Central Board of Direct Taxes has issued Circular 17/2020 dated September 29, 2020 (effective October 1, 2020) (the “CBDT Circular”), providing important clarifications in respect of withholding tax on e-commerce transactions and tax collection at source on...
by Majmudar & Partners | Sep 20, 2019 | Tax
Today (September 20, 2019) the Indian government has introduced the Taxation Laws (Amendment) Ordinance, 2019, to make certain amendments in the Income-tax Act 1961 (the “IT Act”). Find the Taxation Laws (Amendment) Act, 2019 here. We have summarized below some of...
by Majmudar & Partners | Jan 21, 2019 | Tax
Recently, the Delhi High Court (the “DHC”) upheld a judgement of the Delhi Bench of the Income-tax Appellate Tribunal (the “Delhi Tribunal”) in the case of GE Energy Parts, Inc. (the “Taxpayer”). The DHC held that the liaison office established by the Taxpayer in New...
by Majmudar & Partners | Dec 27, 2018 | Tax
Recent developments The Indian tax authorities have started invoking the general anti-avoidance rules (“GAAR”) under India’s Income-tax Act, 1961 (the “IT Act”). In the last twelve (12) months, tax notices have been issued to many Indian subsidiaries of foreign...
by Majmudar & Partners | Nov 15, 2018 | Tax
Financial, legal and risk management services not “Included Services” In the case of US Technology Resources Private Ltd v. DDIT, the Kerala High Court (the “KHC”) has held that management, financial, treasury and risk management services, and advising on legal...
