In the recent matter of Asia Today Limited1, the Hon’ble Mumbai Tribunal has held that even in a case of a foreign entity which has first been incorporated in British Virgin Islands and later redomiciled to Mauritius, ...
The Indian Government, in a major move, has presented a bill in the Parliament today to settle the matters relating to capital gains tax on indirect transfers which are in litigation or in arbitrations.
In the year 2012 ...
It is to be noted that in this connection, the taxpayers have been taking a stand that the scope of the definition of royalty under section 9(1)(vi) is quite wide, whereas the scope of the definition of royalty under Art ...
The Union Budget was presented by the Finance Minister in India on Feb 01, 2021 and a few changes to the Equalisation Levy were proposed in the budget. Ashok Maheshwary & Associates LLP has prepared a document int ...
The Indian Finance Minister, Nirmala Sitharaman presented the Union Budget 2021 on Feburary 1, 2021. Ashok Maheshwary & Associates LLP has prepared a synopsis of the Indian Union Budget 2021. Highlights of this yea ...
Restriction on investments having beneficial owner as Chinese company/entity/national: Government of India has recently revisited the norms prescribed under the Foreign Exchange Management Act, 1999 and the Companies Ac ...
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