Receipts earned by a German resident individual from rendering managerial, consultancy and business development services outside India, based on personal expertise and independent professional skill, constituted independent professional services under Article 14 of the India–Germany DTAA and were not taxable in India in the absence of a fixed base or the prescribed period of stay in India
ICSI has urged PESB to recognize Company Secretaries as eligible for Board-level and Functional Director positions in CPSEs. The representation highlights the statutory recognition and multidisciplinary expertise of Company Secretaries in corporate governance and leadership.
MoSPI will introduce the Index of Services Production (ISP) to measure short-term changes in the formal services sector. The monthly indicator will complement the IIP and improve economic monitoring and policymaking.
The Tribunal ruled that proceedings initiated under the old Section 153C framework after the Finance Act, 2021 amendments were legally unsustainable. It set aside all assessment orders for want of jurisdiction.
Section 50AA overrides the normal holding period rules and deems gains from specified assets as short-term capital gains, even if they are held for more than two years.
Asian technology stocks suffered a sharp correction as profit-taking, AI valuation concerns, rising U.S. interest rates, and heavy leverage triggered a broad market sell-off and capital outflows.
Learn the difference between Composite Supply and Mixed Supply under the CGST Act, 2017, and understand how the correct classification determines the applicable GST rate and helps avoid tax disputes.
The Gauhati High Court held that GST registration cancelled for non-filing of returns may still be restored after the statutory revocation period if all pending returns are filed and tax dues are fully paid.
The proposed reform recommends replacing multiple state-wise GST registrations with a single PAN-based registration. If approved, it could simplify compliance, reduce costs, and improve ease of doing business, though it remains under consideration.
The Supreme Court held that the court appointing an arbitrator under Section 11 becomes functus officio after the appointment and does not retain jurisdiction to extend the tribunal’s mandate. Applications under Section 29A must be filed before the Court defined in Section 2(1)(e).
