Recent Amendment in Corporate Tax rates made India attractive jurisdiction in Tax perspective

Gratuity is a lump-sum amount paid to employees as a form of social security provided by employer in monetary terms for the service provided..

In a step towards achieving the vision 2025 of becoming a US$ 5 trillion economy, the government of India has pronounced to relax local sour..

The Insolvency and Bankruptcy Code (Amendment) Act, 2019, was implemented to accelerate the insolvency resolution process and ensure timely ..

On 20 September 2019, the Government of India has introduced the Taxation Laws (Amendment) Ordinance, 2019 (‘the Ordinance’) whi..

Goods and Service Tax law in India has yet again seen slew of changes in the mid of financial year 2019-20...

In the absence of a liability to tax in India due to the availability of tax treaty benefits, the Non-Resident Company (NRC) is not be requi..

In the case of non-resident, companies are required to withhold the tax at the rate of 20% plus surcharge and cess or lower beneficiary rate..

RERA requires Real Estate Projects by Promoters to be registered with the State Real Estate Regulatory Authority...

The Arbitration and Conciliation Act, 1996 (the Act) was brought into place to consolidate and amend the law relating to Arbitration on the ..

Electronic Vehicle (“EV”) is a new technology that may curb the pollution problem in India and act as a substitute for the fuel-..

Over the course of time it has been seen that the two most commonly used forms of Alternative Dispute Resolution (ADR) mechanisms..

Budget 2020 has conveyed a momentous move to curb the fraudulent activities carried out by individuals indulged in making fake GST invoices ..

India launched the “Make in India” program to place India on the world map as a manufacturing hub and give global recognition to..

The Indian economy registered a growth rate of 5% in the year 2020, projecting growth of 6.5% in the year 2021 with a vision of becoming US$..

India is reaching towards the fourth year of implementation of Goods and Service Tax (GST) and the glitches can been seen being faced by tax..

The Real Estate (Regulation and Development), Act, 2016 (RERA) is a great effort in the direction of organizing the real estate sector in In..

At presently Indian Judicial system is facing a major problem and that is the huge backlog of the pending cases at all levels of Courts in j..

During the late 1980s, The Negotiable Instruments Act, 1881 was amended by the Banking, Public Financial Institutions and Negotiable Instrum..

Proceedings under Article 226 are in exercise of the original jurisdiction of the High Court, while the proceedings under Article 227 are no..

The real estate sector in India suffered from malaise for a prolonged period. Delay in possession of property has been one of the biggest ca..

London Interbank Offered Rate (LIBOR), born in 1969 and officially announced by British Bankers Association (BBA) in 1986, is the world&rsqu..

The year 2019 considered as one of the strongest years in terms of the number and value of transactions of the M&A deal globally...

The Protection of Children from Sexual Offences (Amendment) Bill, 2019 is a gender neutral legislation which seeks to protect children from ..

Arbitration is an alternative dispute resolution method based on the consent of the parties, which is often referred to as domestic judicial..

Litigation by its very nature is an exercise fraught with confrontation. When you indulge in litigation, whether you lose or win, the fact o..

COVID-19 Coronavirus Outbreak has presented challenges that nobody could have envisaged three months ago. The rapid and continuous spread of..

Humanity is witnessing an unfortunate and unprecedented crisis following the outbreak of novel coronavirus late last year. With an extremely..

50 frequently asked questions by non-resident companies (Foreign Company)...

At the time of writing this article, severe economic clouds of uncertainty are looming over the entire world economy. The financial advice a..

Under the existing Income Tax Law, charitable trusts and specified institutions are exempted from income tax in respect of income derived fr..

Amidst the COVID-19 lockdown, work from home has become the new norm in the present scenario. Though some businesses and corporate are used ..

COVID-19 has presented challenges that nobody could have envisaged three months ago. Each day existing as well as future challenges become l..

The Noval Coronavirus pandemic is one of the few chapters recorded in global history where entire world is facing a common existential threa..

The disruption caused due to worldwide pandemic made drastic changes not only in the lifestyle of people but also work style of companies gl..

With Novel Coronavirus declared as pandemic, the countries are taking stringent steps like lockdown, curfew to control the damage. Realizing..

After the outbreak of the Corona Virus or COVID-19 Pandemic, the already heavily burdened Indian Courts are now faced with a further challen..

As per the definition in the Merriam-Webster dictionary, Force majeure translates literally from French, as “superior force”. In..

The Central Board of Indirect Taxes and Customs (CBIC) has indicated a strong prospect of an instantaneous surge in the imports and export o..

COVID-19, the new virus which has taken the world by storm and upset the entire humankind has brought the business world to a complete halt...

In India, a software cannot be directly patented, but can be done only if it is attached with a novel hardware which happens to be a unique ..

Indian Labour laws since long have been considered archaic, bureaucratic & an impediment to rapid industrial investment in India...

Indian Government issued a memorandum clarifying that the disruption of supply chains due to the spread of the Covid-19 should be considered..

The Central Government and also the respective State Governments are continuously taking necessary steps in order to control the spread of C..

Commercial Arbitration is a medium which provides an effective and expeditious dispute resolution framework unlike the Court proceedings whi..

One of the major fallouts of Covid - 19 pandemic, has reportedly been the increase in domestic violence within households which can also b..

The Coronavirus COVID-19 pandemic has hurt the economy pretty badly. Many businesses are in ruins and many are on their last legs. The gover..

Countries all over the world have been struck by the Novel Coronavirus “COVID 19”, and most of them have taken stringent measure..

Insurance is a contract represented by a policy through which an individual or an entity receives financial protection or reimbursement agai..

Talaq in the formal sense of the term refers to divorce under the Muslim Law. Under Triple talaq or instant divorce, a Muslim man can dissol..

How to opt for New Scheme and How it is beneficial compared to other structures?..

Tax Deducted at Source (“TDS”) is a tax collected in advance from the very source of Income. Any person who is liable to make pa..

The National Company Law Tribunal came as a big relief to the home buyers who were not treating RERA as a serious forum. RERA lacked the tee..

With the strong Builder Lobby growing and looming over the property buyer, earlier viz prior to 2016 there were no standard procedure or nor..

The world is facing an unprecedented challenge with communities and economies everywhere affected by the growing COVID-19 pandemic. This glo..

Real Estate is a major sector globally. In India it has seen its ups and is now seeing the downs. Since the last 3 years or so the Real Esta..

During these trying times wherein the world is facing the aftermath of the spread of the Covid-19 virus, people have come to a standstill wi..

Typically, foreign companies provide services such as technical services/ training services, etc. to its subsidiary companies in India for r..

The outbreak of the novel Coronavirus across the globe has resulted in a plethora of changes being implemented by nations trying to cope wit..

The Ministry of Corporate Affairs, with the intent to provide relief to companies and ease in doing business, has recently come up with a sc..

With the outburst of COVID-19 worldwide, the virus has become a part of all critical as well as non-critical discussions and decisions. Whi..

Foreign direct investment (FDI) in India, is one of the major sources of monetary income which helps boost the economy of India. Mostly, FDI..

The outbreak of coronavirus has opened up innovative ways of carrying out business activities and business interaction across the world. Pro..

The spread of novel coronavirus has spelt disaster for the world which has caught the entire world ill-prepared to deal with such high magni..

In the year 2016 the Parliament passed the Insolvency and Bankruptcy Code 2016 in order to focus on a recovery mechanism for creditors advan..

The Indian online gaming market currently stands at USD 290 million which is further poised to grow to USD one billion by next year despite ..

India has been a preferred choice for investment for several foreign organizations and their subsidiaries...

Due to the outbreak of the novel Coronavirus throughout the country, business activities have come to a standstill and several disruptions h..

Growth of Trade, Commerce and Industry in India has given an impetus to the need of protecting Trademarks over the years...

The Coronavirus pandemic has led to countries all over the world to bring in such measures that would help sustain the economy without plund..

The economic scenario all over the world is grim and adversely affected by the Covid-19 pandemic...

Recently, the topic of what public policy in India implies and the enforceability of a foreign arbitral award was answered in the landmark j..

A director plays several roles in a company - as an agent, as an employee, as an officer, as a trustee of the company...

Prior to COVID-19, we have been doing business with the help of normal supply chains running without disruptions, for various products and s..

The pandemic situation disrupting “the world”, “the economy” and “the business” on one hand, has also op..

A lot of non-Indian entities or foreign entities who establish any form of their business in India invariable look towards acquiring some re..

International Commercial Arbitration or ICA as we know it, is a means of settling disputes under the diverse international commercial contra..

When a company integrates social and environmental trepidation into business operations and interactions it is called CSR or Corporate Socia..

Recently the Government of India has laid down new rule under Income Tax law for determining the residential status of Non Resident Indian (..

The Supreme Court has held a landmark judgment wherein it has decided to finally strike down Section 66A of the Information Technology Act, ..

According to the World Intellectual Property Organisation (WIPO) Intellectual property refers to creations of the mind, such as inventions; ..

As per the Citizenship Amendment bill of 2015, all PIO card holders are deemed to be OCI card holders with effect from January 9, 2016...

Investors often face issues with regard to their investments in the form of shares etc with listed companies or the intermediaries...

Research and Development (R&D) commenced its roots in India pre-independence and since then India has emerged as the choice location for..

This order by NCLAT which supports the order given under NCLT, Kolkata can be supported on the basis of the following analysis and the summa..

Enactment of GST law in India carry forward the erstwhile VAT & Service Tax law concept of consumption based tax established on the prin..

India’s share of contribution in the world of hardware electronics production is 3.4% and in the domestic or national scenario the con..

One of the most controversial aspects of patent law has always been whether an idea can be patented or not...

Around 90% of world trade is carried by sea & seaborne trade is expected to remain the dominant mode for moving cargoes...

Invoice is an integral document for businesses and “Electronic invoicing” or “E-invoicing” under GST is a new-fangle..

For long we, in India have tried to deal with the distressed asset space, the so called Non-Performing Asset (NPA) malaise, ailing banks...

An analysis of how the RBI has tried to mitigate the financial outcry caused due to the COVID-19 pandemic by forming a Resolution Plan for a..

In ancient India, we had the concept of Hindu Joint Family and this family arrangement has over the years gained immense legal importance in..

Four years back when the Government of India started a flagship initiative with the intention to build strong eco-system for nurturing innov..

A collection of data on how any due diligence process of M&A is conducted in India along with the tools and methods used for the same...

Over the last two decades, the government of India has significantly liberalized the economic policies which transformed India into a most f..

One of the most prominent incidents which reverberated in the Maritime industry was the case of the vessel MT SALEM...

The duty of an arbitrator is very clearly ear marked and defined under the law as per the terms of the arbitration agreement executed betwee..

Are foreign companies whether or not having any fixed establishment in India providing online and data access retrieval services are subject..

Recent ruling of NCLAT that a decree holder cannot be treated as a financial creditor and he is not allowed to initiate CIRP under the IBC...

As per GST laws in India, importers are required to pay five percent of IGST on ocean freight services under reverse charge mechanism...

A new and emerging area in the field of lending or credit. Digital Lending has gained momentum as result of innovative technologies, new cre..

India has a lot of coal reserves, which are unused and if the same continues then the said Coal will go undiscovered and untapped, which wil..

Marine Insurance Contract enables the ship owner, cargo owner, buyers & sellers, owners of goods to operate their businesses with adequa..

In our country, e-signatures are valid for around 20 years now and they have attained this status from the Information Technology Act 2000 t..

The Finance Act 2020 extended the scope of TCS on foreign remittance under Liberalized Remittance Scheme, Sale of Overseas tour package and ..

An overview of how the three new labour reform bills passed by the Government will help mobilize the labour force while increasing the inves..

Ease of doing business in India and paving a way for Public Listed Companies to raise capital from foreign market..

The Supreme Court has extended the limitation period provided under the Arbitration Act as well as under Section 138 of the Negotiable Instr..

With an aim to transform agriculture and increasing farmers’ incomes, the three farm legislations recently passed by the Parliament ar..

Implication of the International Arbitration Tribunal's Ruling in the decade-long tax dispute between UK’s Vodafone group and India...

The filing of taxes for foreign companies in India can often be a complex endeavor, filled with confusing rules and regulations...

SWFs may be established for a multitude of objectives: from diversifying assets, to getting better returns on revenue, to promoting industri..

Overseas Citizenship of India is not a citizenship, but is a form of permanent residency available to people of Indian origin which allows t..

Indian Government recently amended the patent rules in order to align the patent prosecution & procedure in India with international pra..

It is well-settled in law that a company is a distinct juristic entity, separate from its Directors. Therefore, a former Director of a Compa..

An Assessee is liable to pay tax on the amount waived/ remitted under Section 41(1) of the ITA if any remission or waiver is granted in resp..

A Trust, which loses its ‘charitable purpose’ on account of commercial receipt, then it would not get the benefit of tax exempti..

A parent who does not have legal custody of a child can be convicted of parental kidnapping. Conflicting civil custody orders and the involv..

Acquisition of copyright is automatic and it does not require any formality. A certificate of registration of copyright acts as a prima faci..

The Consumer Protection Act gives the consumer the right to seek redress against false and misleading advertisements, including compensation..

The role of the RP is not adjudicatory but administrative in nature. Thus, the RP cannot continue beyond an order under Section 31of the IBC..

Part I of the Act has no application to international commercial arbitration held outside India. The arbitral award in such a case would onl..

As per Article 5 read with Article 7 of the relevant DTAA, a Liaison office would be taxable in India, in case it constitutes a ‘perma..

A Licence granted under Section 13 of BIS Act 2016 is given to use a specified Standard Mark in relation to any goods or article which confo..

TDS is applicable on foreign payments or charges as per section 195 of the Income Tax Act. Commission paid to overseas agents that do not ha..

The Budget this year introduced new non-tariff barriers to protect domestic industry and incentives to attract investments, and relaxed some..

Following the Vodafone arbitration, Cairn UK case is the second tribunal to hold that the retrospective application of capital gains tax was..

Landlord-tenant disputes governed by the Transfer of Property Act are arbitrable except when specific Courts or forum have been given exclus..

A non-banking institution which is a company and has principal business of receiving deposits under any scheme or arrangement in one lump su..

Transfer of cases relating to Matrimonial Disputes from a court situated in a particular state to a court situated in another state, can onl..

Taxpayers have contended that the levying of IGST on the services leads to a situation of double taxation, while the tax authorities have cl..

In India, taxpayers paying foreign income tax in other countries can avail certain foreign tax credit through exemptions or deductions in In..

An Employment Visa to work in India is granted to highly skilled and qualified foreign nationals who are appointed by an undertaking in Indi..

Dying Declaration means an oral or written statement of relevant facts made by a person, who is dead...

In relation to the custody or upbringing of a minor child, a mother has the same rights and authority as the law allows to a father. The Cou..

It is a well-established in law that parties to foreign-seated arbitrations can obtain interim relief from Indian courts, unless there is an..

As part of India’s commitment to ease doing business in India, several measures have been introduced by way of reforms in the 2021 bud..

A Business Visa is provided to those foreign nationals who are doing business in India on behalf of a company outside of India...

An entity in isolation can be booked for its unilateral act of manipulation of price of the scrip if analysis of trade log and order log ref..

In a bid to push for more contactless proceedings, India has introduced three faceless schemes for income tax assessment, appeals and penalt..

Taxation of ESOPs (both received in India and outside) has been a contested issue for many years. ESOPs in India are taxed in two ways: when..

For foreign companies that are deputing employees to India, taxability rules will depend on the services offered, whether there is a fixed p..

RBI in 2018 had directed individuals and business entities dealing with virtual currencies to exit from this set-up. The said circular was c..

The increasing importance of international trade has led to practices that can no longer be adequately tackled with the traditional c..

GST is taxable on supply of goods and services within, into, and outside India. However, disputes have arisen on whether GST is applicable i..

The International Chamber of Commerce has released revised rules for arbitration at the ICC Court, which have come into effect as on 1st Jan..

While tax authorities allege that the franchise agreements are taxable under GST at 18%, taxpayers allege that such transactions are exempt ..

Products and services available in the market are distinguishable or recognisable by their general appearance, or "get-up", called..

The new Public Sector Enterprise Policy identifies strategic sectors which will have bare minimum government shareholding, and plans for ama..

Capital gains tax is charged on the profits or gains received from the transfer of any property of a taxpayer. The Income Tax Act of India a..

A will can be executed anywhere without any restrictions subject to the due procedure of the law of the country. In India, Wills made in oth..

The CCI recently held that Google did not violate the provisions of Section 4(2) (e) of the Competition Act, 2002 for integrating the Meet A..

The ITAT ruling in the case of DZ Bank, considered the matter of whether interest income earned by a representative office could be taxed in..

This article is a comprehensive guide which sums up the process of application for a Project Visa in India...

Under the DTAAs, taxpayers can avail reliefs such as claiming tax credits for taxes paid abroad. The rules for claiming FTCs are generally c..

When considering whether foreign scholarships are deductible under section 37 of the ITA, the tribunal held that such scholarships are expen..

There have been several disputes surrounding the taxability of payment made to foreign companies for use of their computer software by perso..

In order to facilitate and regulate financial services relating to securities market in an International Financial Services Centre, SEBI has..

A person who is not a citizen of India holding immovable property situated in India is obliged to make disclosure and declaration about the ..

Citing reasons of national security, India had moved to ban over 50 Chinese mobile applications from the Indian market. The move has caused ..

The power to arrest an assessee is prescribed under Section 69 of the CGST Act. However, without assessing the actual liability of an assess..

Cross border mergers are growing significantly with the shrinking of the globe. Moreover, India is steadily mountain climbing the ease of en..

Information pertaining the income tax returns of any person falls under the category of ‘personal information’ which stands ex..

Generally, any individual living less than 182 days during taxable year is considered a non-resident Indian but the pandemic has created con..

Assessing officers have contended that when bonus shares are allotted to existing shareholders, they derive a benefit which should be taxed...

Electoral Bond Scheme was introduced to ensure that donations made to political parties were accounted for in the balance sheets without exp..

As the number of high net-worth and ultra-high net-worth individuals (especially non-resident ones) continue to steadily rise, there are inc..

In light of the ongoing second wave of the covid crisis in India, the central government has released two notifications in April and May of ..

India has been on a bid to reduce compliance burdens and ease doing business for companies working in India. In this vein, several measures ..

If countries feel that certain foreign exporters are receiving any unfair advantages due to their domestic subsidies, or that their pricing ..

Independent directors are meant to be third party individuals that do not have any relations with the company or its holding, subsidiary, an..

The Central Board of Indirect Taxes and Customs has issued a notification dated 12th March 2021 to clarify issues surrounding the applicatio..

The Kerala High court in its recent judgment shed light on the legal status of a child born to a couple in a live-in relationship. The judgm..

The Indian Government took several measures to mitigate the distress caused by the pandemic, which included increasing the minimum amount of..

“Speech is powerful. It can stir people to action, move them to tears of both joy and sorrow, and … inflict great pain. Hence, ..

Bombay High Court steering towards ensuring protection of rights of victims to participate in the Judicial process, issued guidelines which ..

The Jammu and Kashmir Industrial Policy of 2021 is aimed at creating a conducive ecosystem for industry, which attracts investments in focus..

IFSCA introduced the International Financial Services Centres Authority (Finance Company) Regulations, 2021 (Regulations) for setting up a F..

As e-commerce and digital companies continued to grow in terms of size and customer acquisition, the problem of taxing such corporations has..

Consumer disputes as non-arbitrable in nature. Despite there being an arbitration agreement available with the parties under the Arbitration..

Sections 24 and 25 of the Hindu Marriage Act provides for the payment of maintenance to a party who does not have the adequate independent i..

The inclusion of AMP expenditure by an associated company in transfer pricing analysis has been a point of contention in India for quite a f..

The global pandemic crisis caused by the Covid-19 disease has created disruptions for almost all individuals across the world. It has caused..

Unlike the maritime hubs of Singapore & Hong Kong, India’s first Arbitration and conciliation center with an emphasis on shipping ..

A Power Purchase Agreement (PPA) is a type of contract that has aided in the creation and development of independent power projects all over..

In May 2021, the 43rd GST Council (‘Council’) met along with the Union Finance Minister, the Union Minister of State for Finance..

Registration of ‘immoral or obscene marks’ under the Trademark Law is prohibited in India as per Section 9(2)(c) of the Indian T..

The Pegasus Software is a spyware that has been alleged to infiltrate the phones and computers of many politically relevant people. The arti..

A legal process of incorporation brings a company into existence whereas under liquidation that existence comes to an end. Voluntary Liquida..

The war to excel in the corporate world has increased manifold in the recent past. To survive in the global markets, business houses are inc..

Investment climate in India has significantly improved over the years. This has been attributed to ease in FDI norms across sectors of the e..

In this article, we will look at the rights of nominee as against the rights of the legal heirs in a housing property in light of the releva..

An overview of tax exemptions and tax relief provided by the Government to taxpayers who have incurred COVID related expenses...

An overview of the rules related to Public Provident Fund Scheme for NRIs and how their change in status from resident Indian to NRI impacts..

Unilateral withdrawal of consent by a party, especially after the other party has performed their part of the terms in the memorandum of agr..

The U.K.’s new Graduate Immigration Route will benefit Indian students who have completed their graduation, post-graduation or PhD fro..

Section 13B(2) of the Hindu Marriage Act, 1955 (the Act) contains a bar to divorce being granted before six months of time elapsing after fi..

Person residing outside India, i.e., Nonresident Indian (NRI) or foreign national of Indian origin (PIO) or foreign national of Non Indian o..

Domain name is an identification string that defines a realm of administrative autonomy, authority or control within the internet. Domain na..

Provisions of section 197 of the Income Tax Act, 1961 provides taxpayers the facility of lower tax rate or NIL deduction of TDS (TDS exempti..

Startup India Scheme was first mentioned by our Prime Minister Narendra Modi on August 15, 2015 while addressing the nation on Independence ..

Gambling is the wagering of money or something of value on an event with an uncertain outcome with the primary intent of winning money or ma..

Individuals, as citizens and consumers need to have the means to exercise their right to privacy and protect themselves and their informatio..

In today’s world Data is a very valuable asset for any organization. Data which an organization possesses could be anything like perso..

Demerger is a disjoining or a separation of one or more units of a company to form a new company independent from the original one. The foll..

Reliance on foreign precedents is necessary in certain categories of appellate litigation and adjudication...

Electronic contracts are the contracts which take place through e-commerce, without meeting of the parties to the contract. These contracts ..

Imagine having to buy your phone from a particular shop because that’s the only one in your locality. Imagine there’s only one d..

The maintenance measures acquiesced by laws is not to punish a person for his past neglect or refusal, but to prevent vagrancy of those who ..

A birth certificate is one of the most important documents that a person needs to process to prove or give a proof of his age, citizenship a..

To boost economic activity, increase foreign exchange earnings through exports, generate employment and attract foreign direct investment th..

The matrimonial laws differ from country to country. The issue of divorce decree not being valid crops up when the domicile of the partied i..

Section 295A displays its constitutional untenability with respect to the unreasonable restrictions it imposes on freedom of speech and expr..

Indemnification is an undertaking by one party to compensate the other party for certain costs and expenses. Parties to a contract use a con..

Partnerships has been one of the oldest forms of business relationships which can be evidenced in terms of complex business, partnerships ha..

Surrogacy, as we know is an arrangement of carrying a pregnancy for intended parents. Over a period of time this technique has gained pace..

The Maternity Benefit Act entitles benefits like fully paid wages for a period of 26 weeks during the absence from work and to take care of ..

The winding up of a company is the process by which a company’s assets are collected and sold in order to pay off its debts following ..

The Supreme Court of India struck down Section 497 of the IPC thereby decriminalizing Adultery as an offence, but clarifying that it is stil..

Environmental problem in Delhi is a debatable issue lately. It is a threat to the well-being of the inhabitants of the city as well as the f..

It is widely acknowledged that sharing of data and relevant information in public domain is a major step towards boosting transparency and ..