The Tribunal ruled that a Dependent Agent PE arises only if agents habitually conclude contracts or secure orders on behalf of the foreign enterprise. Since no such evidence existed, the foreign company’s income from software sales was not taxable in India.
The government allowed investments with up to 10% non-controlling beneficial ownership through the automatic route, easing restrictions imposed under Press Note 3 while retaining safeguards.
The government amended Notification 45/2025-Customs to include SBER Bank in List 14. Imports linked to this entry are allowed only for domestic consumption between 25 June 2025 and 31 March 2026.
Explore the assessment procedures for partnership firms in the upcoming years 2022-2023 to 2024-2025. Understand key provisions under Sections 2(23), 184, and 185 of the Income-tax Act, along with detailed computations for total income and book profit. Stay informed about tax rates, deductions, and amendments introduced by the Finance Act 2023. Keep your partnership firm tax-compliant with this comprehensive guide.
The updated Regulation 23 framework introduces turnover-linked thresholds for related party transactions. Listed companies must revise policies and approval processes to comply with the new governance requirements.
The article highlights practical habits such as planning, accurate reporting, and teamwork that help Chartered Accountants deliver quality work and manage professional responsibilities efficiently.
Courts have clarified that once one GST authority initiates proceedings by issuing a show cause notice, the other authority cannot start separate proceedings on the same issue and tax period.
A lot of businesses still look at Africa as a future opportunity. That’s already outdated. For many sectors, Africa is not a “someday” market anymore. It’s happening now. Cities are expanding, mobile usage is rising, consumer habits are changing, and demand is growing across everything from packaged goods to digital services. At the same time, […]
SEBI ruled that conversion of warrants leading to acquisition beyond the 5% creeping acquisition limit triggers mandatory open offer obligations under takeover regulations.
Investigations reportedly linked POS transaction records with GST and Income-tax filings to detect discrepancies. The episode shows how cloud data and analytics can flag possible under-reported sales.
