India’s exporters face mandatory annual IEC updates from DGFT, even with no changes. This practice burdens businesses and raises concerns about efficiency and legal compliance.
Understand Indian income tax implications for non-resident shareholders on foreign company share buybacks. Learn about residential status, capital asset situs, and why capital gains on foreign shares are generally not taxable in India.
Understand the importance of correct formats for Section 143(2) scrutiny notices. Learn how non-compliance impacts tax assessments, referencing CBDT guidelines and recent tribunal rulings.
SC rules that nominees under Section 109A of the Companies Act do not gain absolute ownership of shares, preserving legal heirs’ rights under succession laws.
Understand key restrictions on Input Tax Credit (ITC) under Section 16 of the CGST Act, 2017, and recent judicial interpretations impacting buyer claims due to supplier defaults.
Learn about TDS Return Form 27Q for non-salary income of non-residents, including due dates, penalties, and interest on late filing or payment.
Understand GST Rule 28 for valuing supplies between distinct or related persons. Learn about Open Market Value, like kind and quality, and specific provisions for corporate guarantees and ITC availability.
RBI now permits investment vehicles to issue partly paid units to foreign investors, addressing prior ambiguity and establishing a one-time window for delayed reporting without penalties.
Patna High Court rules mere GST portal upload of SCN is insufficient for valid service under Section 169 of the BGST Act, leading to ex parte order being set aside.
Article critically examines the concept of control under Ind AS 110, focusing on how veto and reserved rights impact an investor’s ability to direct an investee’s relevant activities and affect returns.
