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Latest News Taxation

A Taxpayer has a vested right to personal hearing: Delh...

Right to personal hearing

The Delhi High Court, in the case of Bharat Aluminium Company Limited v Union of India and Ors, ruled that an assessee must be given a reasonable opportuni...

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Latest News

Crucial Financial Changes to kick in from 1 Jan 2022...

Crucial Financial Changes to kick in from 1 Jan 2022

As we edge closer to the end of 2021, there are a few notable changes that is set to kick in from 1st Jan 2022. This includes changes in banking...

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Latest News

Introduction of Legal Entity Identifier (LEI) for Cross...

Introduction of Legal Entity Identifier (LEI) for Cross-border Transactions

The financial crisis of 2007-2008 forced the tax regulators and law makers across the world to keep a track on the transactions that are being taken across...

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Latest News

Production Linked Incentive (PLI) Scheme for Solar PV m...

Production Linked Incentive (PLI) Scheme for Solar PV modules

The initiation of PLI scheme for solar PV modules lies in the backdrop of ambitious target set by the Government of India to achieve 500 Giga Watts of Ener...

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GST Latest News

CBIC clarifies the Scope of ‘Intermediary’ under GS...

Intermediary under GST

The Central Board of Indirect Taxes and Customs (CBIC) released Circular No. 159/15/2021-GST on September 20, 2021, to clarify scope of intermediary servic...

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Latest News Taxation

SC observes obliteration in the difference between tax...

Tax and Fee

The Supreme Court of India in the case of Jalkal Vibhag Nagar Nigam and ors vs. Pradeshiya Industrial and Investment Corporation and Anr. observed that the...

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Latest News Taxation

Impact of G7 Corporate Tax Deal on India

G7 Corporate tax deal

Advanced economies forming a part of the G7 group reached a historic deal on taxing MNCs (Multi-National Companies). Finance ministers met in London and ag...

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Latest News

A Complete Overview of Equalization Levy (EL)

Equalization Levy

The concept of equalization levy was introduced in India in the year 2016. It was introduced with a view to tax the digital transactions that means the inc...

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