The article explains how procedural lapses in trust registration renewal can activate Section 115TD and impose heavy tax on accreted income. Even inadvertent non-compliance may create severe financial consequences.
The article explains how Section 45(5A) shifted the capital gains trigger for landowners from JDA execution to issuance of the completion certificate. It also examines the impact of RERA-regulated project timelines.
The article explains the taxation framework for cryptocurrencies, NFTs, and other VDAs under Sections 115BBH and 194S. It highlights the harsh restrictions on deductions and loss set-off.
The Allahabad High Court held that ITC cannot be blocked merely on suspicion or another officer’s recommendation under Rule 86A. The ruling stresses independent application of mind and proper reasoning before freezing GST credit.
The Gujarat High Court held that supplier tax payment remains mandatory for ITC claims under Section 16(2)(c). However, ITC cannot be denied automatically if the purchaser acted genuinely and without knowledge of tax evasion.
The article explains why GST on sale of developed plots may not be sustainable under Schedule III of the GST law. It also discusses departmental audit objections and judicial support favoring non-taxability of developed land transactions.
SEBI introduced a uniform 30-day lag for sharing and using market price data for educational purposes after concerns over misuse of recent market information. The revised rules aim to balance investor education and regulatory safeguards.
The article explains how the High Court held that corporate guarantee fees do not qualify as Fees for Technical Services under the India-UK DTAA. The ruling emphasizes the absence of technical knowledge or consultancy services.
The article explains how India has broadened Permanent Establishment and Business Connection concepts after BEPS reforms. It highlights the shift from physical presence to economic nexus-based taxation.
The article analyses why India may continue its Equalisation Levy regime beyond August 2024 due to delays in the OECD/G20 Pillar One framework. It discusses the impact on digital businesses and global tax relations.
