Taxability of compensation in relation to diminution in value of ESOPs
August 29, 2024Employee Stock Option Plan (ESOP) is a scheme under which a company offers its employees an opportunity to participate in…No extra benefit can be claimed beyond the return of income
August 22, 2024Introduction In the tax controversy arena, Income-tax Appellate Tribunal (ITAT), plays a significant role, as it is the final fact-finding…
Revenue not estopped from examining the taxability of receipts, other than attributable to service PE
July 16, 2024In this globalized economy, individuals and businesses often operate across borders, leading to potential double taxation issues, which is prevented…
Production Linked Incentive Scheme for white goods – application window reopened
July 16, 2024The Indian Government had approved a Production Linked Incentive (PLI) scheme for White Goods (PLIWG Scheme) on 07 April 2021,…53rd GST Council meeting – Clarifications issued by CBIC
July 10, 2024The 53rd Goods and Services Tax (GST) Council meeting was held on 22nd June 2024, which made several key recommendations…SAAR vs. GAAR
June 13, 2024SAAR vs. GAAR In the words of Indian judiciary[i] “tax planning may be legitimate provided it is within the framework…
Sale consideration deposited in Escrow Account – Event of Taxability
April 19, 2024Corporate transactions and their related intricacies have always been a subject of frequent discussions in the corporate world. With changing…
Compulsorily Convertible Debentures: Whether debt or equity?
April 9, 2024Compulsorily Convertible Debentures (CCDs), a hybrid instrument, has gained prominence in the last two decades. However, its classification as equity…
No virtual service permanent establishment in India in the absence of a specific provision
April 2, 2024The advent of the Digital economy has led to the introduction of various taxation issues. One such issue being creation…
Withholding tax obligation on telecom companies – welcome relief by Hon’ble Supreme Court
March 12, 2024Obligation (in the hands of telecom companies) to withhold taxes under Section 194H of the Income-tax Act, 1961 (IT Act)…
