The guide compiles the principal Income-tax Act provisions applicable to non-residents establishing business in India and residents dealing with overseas entities. It serves as a quick statutory reference for international tax compliance.
MoSPI has replaced WPI with Output PPI as the deflator for 234 value-based IIP items. The change aims to measure real industrial production more accurately by removing the effect of price changes.
CBDT has identified six categories of returns for compulsory scrutiny during FY 2026-27. Selection triggers detailed examination but does not automatically result in tax additions.
Tax on dividends, interest, royalties and FTS earned by non-residents is governed by the more beneficial rate under the Income-tax Act or the applicable DTAA. The comparative chart helps identify the applicable withholding tax.
The applicable withholding tax depends on the Income-tax Act or the relevant DTAA, whichever is more beneficial. Treaty rates differ across countries and income categories such as dividends, interest, royalties and FTS.
The document provides a detailed summary of the special tax provisions applicable to different securities and classes of taxpayers. It explains the applicable rates for capital gains and specified income along with deduction and exemption rules under the Finance Act, 2026.
The Income-tax Act determines residential status based on an individual’s stay in India, income, citizenship and tax liability abroad. Different rules also apply to HUFs, companies, firms and other entities.
Electricity bill payments can earn cashback if the credit card rewards utility transactions. Choosing the right card and paying bills on time helps maximise savings.
ITAT held that stamp duty paid for lease registration was deductible as revenue expenditure in the year it was incurred.
The Tribunal upheld the set-off of eligible unit losses against other business profits by following binding judicial precedents.
