Taxsutra.com

Real time Alerts on important domestic and international tax matters focused on India.

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On Day 1 of arguments before Apex Court in the high stakes Colorcon case on the DDT - DTAA tax rate controversy, ASG N. Venkataraman stresses that Sec. 115 - O is a tax on 'distributed profits' and not a tax on dividend..>> https://t.co/K1QcHkw5mR

#Taxsutra #tax #dividend #DDT

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As per Ind AS 20, "A government grant that becomes repayable shall be accounted for as a change in accounting estimate."

#Taxsutra #tax #INDAS #accounting #audit #polloftheday

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Featuring Taxsutra Bestseller: Search and Search Assessment under the Income Tax Act, 2025!

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Madras HC allows Assessees’ writ appeals, holding that where an adverse order-in-original has been framed relying on statements of certain individuals, Assessees cannot be denied the opportunity of cross-examination..>> https://t.co/ECifERMWdJ

#Taxsutra #tax #crossexamination

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Reservoir Pick of the Day!
"Black Money, Undisclosed Foreign Income & Assets Law & Practice" by Dr. Ravi Gupta & Dr. Arun Ahuja!

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Delhi HC dismisses Assessee's writ petition, rejecting its challenge to parallel GST proceedings initiated by State tax authorities, despite earlier DGGI proceedings u/s 74 involving overlapping transactions and financial periods..>> https://t.co/Z3xFKp5Ad1

#Taxsutra #tax #GST

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Delhi ITAT holds that the Indian AE of the Assessee, namely, Expedia Online Travel Services India Private Limited does not constitute a Dependent Agent PE in India for the Assessee...

Read more >> https://t.co/nigQKVJ97v

#Taxsutra #tax #AE #DAPE #ITAT #agent

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Do you agree with JP Morgan CEO Jamie Dimon ’s comment that India’s tax rules are a worry for foreign investors?

#Taxsutra #tax #CEO #investors #polloftheday

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Tick Talks#175: Who Watches the Watchdog? ICAI’s Case for a Rebalanced NFRA; Mining Sector Accounting Nuance; EOM; KAM & More!

Read the newsletter >> https://t.co/Wl8hcFil95

#Taxsutra #TickTalks #audit #accounting #charteredaccountants #NFRA

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Kerala HC dismisses State of Kerala appeals, upholds the common judgment of the Single Judge in favour of Flipkart and Vector E-Commerce (operating Myntra), setting aside penalties imposed u/s 67 of the Kerala VAT Act..>> https://t.co/unAfTIhz4d

#Taxsutra #tax #VAT #flipkart

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Gujarat HC allows Assessee’s writ petition and quashes reassessment notice u/s 148 and consequential proceedings, holding that the Income Tax Officer was not the “Assessing Officer” within the meaning of Section 2(7A) ...> https://t.co/y4jyjnIv7d

#Taxsutra #tax #assessment #ITO

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Register for Today's TaxTonic Session : Founder, Family & Future: The Architecture of Enduring Enterprise!

#Taxsutra #tax #TaxTonic #webinar #subscribersonly

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In a case involving the "true and correct method" of computing limitation u/s 153B of the Income-tax Act, 1961 read with the TOLA, Madras HC rules in favour of assessees, thereby reversing the Single Judge order >> https://t.co/vc2UuNT7nE

#Taxsutra #tax #TOLA #flash #limitation

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Reservoir Featured Title: 'UAE Taxation For Decision Makers' by Rajat Mohan!

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#Taxsutra #tax #Reservoir #books #ebooks #UAE

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Govt. amends Notification No. 45/2025-Customs to reduce customs duty rates on specified edible oils w.e.f. September 24, 2026..

Read the Notification >> https://t.co/MZoBd24n9D

#Taxsutra #tax #customs #oil #duty

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Taxsutra & KGS Present Dhara #46 - Can Technology Value a Company? Where Automation Ends and Professional Judgement Begins!

Read the newsletter >> https://t.co/hfmG3Vcgvy

#Taxsutra #tax #Dhara #technology #valuation

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Madras HC dismisses Assessee’s appeal, upholds ITAT order sustaining revisionary proceedings u/s 263, in respect of accrued interest embedded in zero-coupon debentures prematurely converted into equity shares in AY 2013-14 >> https://t.co/PKVgv2wpEy

#Taxsutra #tax #ITAT #shares

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Tomorrow @ 4:30 PM! Taxsutra Presents 'M&A Mastermind' by Coortus Advisors!

Register Now >> https://t.co/Qm3UpxkH2J

#Taxsutra #tax #webinar #mergers #acquisitions

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Reservoir Pick of the Day!
Madhukar Hiregange’s 'GST Judicial Precedents (2026 Edition)’!

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#Taxsutra #tax #Reservoir #books #ebooks #GST

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An entity loses significant influence when it loses power to participate in investee's financial & operating policy decisions.

#Taxsutra #tax #polloftheday #poll #accounting #INDAS