Background Section 9A of the Income-tax Act, 1961 (“IT Act”) carves out a special taxation regime to exempt eligible offshore funds from being regarded as having a business presence in India and h...
June 5, 2020
John Denver famously sang these lyrics in his famous love ballad, “Leaving on a Jet Plane”: “’Cause I’m leavin’ on a jet plane Don’t know when I’ll be back again Oh...
May 11, 2020
At a time when economic activities have come to a standstill on account of the lockdown imposed by the government to tackle the Covid-19 pandemic, some leeway in tax laws will provide much needed reli...
April 22, 2020
In the Chamber of Tax consultants & ors v. CBDT and Union of India)[1], the Hon’ble Bombay High Court (HC) set aside a portion of the Central Board of Direct Taxes’ (CBDT) action plan that sou...
April 26, 2019
