‘Advertisement Tax’ – Constitutional Validity
The Constitution (101st Amendment) Act, 2016 paved way for one of the biggest tax reforms in India - GST.The Constitution (101st Amendment) Act, 2016 paved way for one of the…
Settled or unsettled? The stance of courts in interpreting beneficial provisions under the taxing statute
According to our constitution, tax can only be levied through a statute, and everyone is bound to pay taxes either directly or indirectly.According to our constitution, tax can only be…
Fractional Share Investment: A Step towards Inclusive Securities Market
The global securities market has witnessed an unprecedented surge in retail investor participation since the pandemic.The global securities market has witnessed an unprecedented surge in retail investor participation since the…
Benami Act and its Transitions
The Benami sale (Prohibition) Act of 1988 was legislated to enjoin and control Benami deals and the capability to reclaim Benami property and any other sale involving them.The Benami sale…
Case for amendment of rule 46A
CBDT need to chew the cud on a fifty-year-old 1973 borne rule 46A of the Income-tax Rules,1962.CBDT need to chew the cud on a fifty-year-old 1973 borne rule 46A of…
Tax liability of significant economic presence (SEP) in India
India is one of the pro-active nations who dynamically update/alter their taxation laws.India is one of the pro-active nations who dynamically update/alter their taxation laws.taxmann.com Latest ArticlesRead More
Supreme Court’s decision on secondment and its impact under other laws
In the case of Northern Operating Systems ('NOS') , the Supreme Court of India deliberated on the taxability of secondment arrangements in the context of Service Tax.In the case of…
Is it necessary to establish that the delay in possession was beyond the control of the Developer?
The Developer/Promoter must establish that the delay in handing over the possession to the allottees/buyers was beyond the control of the Developer/Promoter.The Developer/Promoter must establish that the delay in handing…
Preferential Allotment of Securities vis a vis SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
Section 23 of the Companies Act, 2013 (CoA) is an enabling provision for public companies to raise funds in the form of equity or hybrid instruments, viz. fully convertible debentures,…
194R – A Bolt from the Blue – Part II
Time has come to revisit amp; revise the understanding of new section 194R effective from 1st July 2022 in light of the recent guidelines issued for removal of difficulties [Circular…