For nearly three decades, the India-Mauritius DTAA of 1983 was the golden corridor for foreign capital flowing into India. At its peak, Mauritius accounted for over 30 per cent of cumulative foreign direct investment into India, a number that tells lesser about Mauritius’s economic might and screams more about the architecture of global capital structuring. […]
The amendment to Section 15(3)(b) removes rigid conditions for post-supply discounts. It simplifies compliance but leaves key interpretational gaps unresolved.
Courts have held that lump-sum alimony received under a divorce settlement is a capital receipt outside the scope of taxable income. However, periodic maintenance payments remain taxable in the recipient’s hands.
