40th GST Council meeting happened on 12th June wherein several big decisions were taken regarding waiving of late fee and reduction of interest, etc. In this alert these decisions are summarised.
CBDT has proposed to introduce a new Form 15E for application by payers to tax authorities to determine the appropriate proportion of sum on which tax should be withheld or tax should not be withheld at all on payments to non-residents. This will be different from Form 13, which is currently filed by recipients for NIL or lower withholding tax certification.
CBDT published third Annual Report (2018-19) of the Indian APA programme in November 2019. In this article the Authors have presented their views on the progress of APA Programme so far in India.
In November 2016, over 100 countries concluded negotiations on the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI") that will swiftly implement a series of tax treaty measures to update international...
Clarification issued by CBDT with regard to allowability of set-off of brought forward losses attributable to additional depreciation and utilization of brought forward MAT credit, where a company opts for reduced tax rate of 22% under section 115BAA. In this alert we have discussed these clarifications.Download
Indian government has announced major fiscal relief by substantially reducing corporate tax rates to promote growth and investments in India through Taxation Laws (Amendment) Ordinance, 2019. In this alert we have discussed these fiscal benefits.Download
Description: Indian government announced major fiscal relief announce by Indian Government for all companies in general and manufacturing companies in particular to promote growth and investments in India through Taxation Laws (Amendment) Ordinance, 2019. In this alert we have discussed these fiscal benefits.Download
A detailed note on the recently introduced the Companies (Significant Beneficial Owners) Rules, 2018 (“SBO Rules”). In this note, we have discussed the relevant provisions of the SBO Rules, filing requirements and penal consequences of non-complianceDownload