The article explains different categories of directors based on roles, powers, and appointment. It highlights how governance balances control, oversight, and accountability.
The Union Budget 2026–27, guided by the vision of Viksit Bharat, prioritises inclusive growth, ease of compliance, and trust-based governance without altering income-tax slabs under the new regime. Direct tax proposals focus on rationalisation—extending due dates for employee PF/ESI deductions to the return filing date, exempting interest on Motor Vehicles Act compensation from tax and […]
Indian tax liability for NRIs depends on residential status, not citizenship. The key takeaway is that only India-sourced income is taxable for non-residents.
The Budget keeps tax rates unchanged while introducing structural reforms to improve certainty and predictability. The key takeaway is stability paired with targeted simplification to reduce disputes.
Courts have held that reopening an assessment on identical facts under a different deeming provision is invalid. The key takeaway is that reassessment cannot be based on a mere change of opinion.
The analysis explains how activities of a liaison office can trigger PE exposure despite regulatory approval. Taxability depends on substance, not designation, under treaty principles.
Multiple notifications and circulars issued during the week implemented Budget 2026 measures across direct and indirect taxes. The updates impact compliance, exemptions, refunds, automation, and enforcement.
Income-tax slabs remain unchanged, but timelines for filing and revising returns are extended to ease compliance. The Budget prioritises certainty through simplified processes rather than rate cuts.
The amendment permits associated enterprises affected by an APA to file or modify returns. This enables proper tax adjustment and refund claims aligned with the agreement.
Foreign companies procuring data centre services in India can claim income-tax exemption up to 2047. The relief is conditional on using Indian-owned, government-notified data centres and Indian resellers.
