Newsletters

APA (Advance Pricing Agreement) provisions were introduced in India by Finance Act, 2012. Subsequently, the CBDT (Central Board of Direct Taxes) had issued a notification on August 30, 2012....

Aiming to incentivize persons to pay up service tax dues owed to the exchequer, a onetime amnesty scheme called the ‘Service Tax Voluntary Compliance Encouragement Scheme....

The Central Board of Excise & Customs (“CBEC”) has issued a Circular No 20/2013-Customs dated May 14, 2013 (“Circular”) clarifying the classification of tablet computers under....

The Ministry of Commerce (“MoC”) has released the Annual Supplement (2013-14) to the Foreign Trade Policy 2009-14 (“FTP”) on April 18, 2013. The much anticipated policy reforms for....

In this edition:

• Rationale for the changes proposed
• Process flow – Existing vs revised provisions
• Impact of revised provisions

The Securities and Exchange Board of India (‘SEBI’) notified the SEBI (Investment Advisers) Regulations, 2013 (the ‘Regulations’) on January 21, 2013 (refer Annexure for the text of the Regulations). The Regulations.....

High Court decisions

High Court upholds genuineness of gift of shares

The taxpayer, a company incorporated in India was held by three shareholders.
Two of the shareholders gifted 25,000 shares of Infosys Technologies Limited....

India: India has fast tracked the incorporation of new global standards against the financing of weapons of mass destruction, corruption, tax evasion and abuse of company and trust arrangements in its regulatory....

In a welcome and much awaited move that has the potential to give a fillip to the Indian Information, Communication Technology and Electronics (“ICTE”)
manufacturing industry, the Union Cabinet....

In a recent ruling issued by the Bombay High Court (‘BHC’) in the case of Credit
Suisse First Boston (Cyprus) Ltd (‘CSFB Cyprus’), the Court has held that (i) interest earned on debt securities shall be taxable....

The Supreme Court (“SC”) has delivered an important judgment, inter alia, dealing with the question on maintainability of writ petitions against the rulings of the Authority for Advance Rulings (“AAR”)....

The Anti-Money Laundering Act will be amended and strengthened by the end of
this year because the intergovernmental Financial Action Task Force on Money
Laundering (FATF)....

The Government has constituted a Committee under the chairmanship of C Rangarajan, Chairman, Prime Minister’s Economic Advisory Council, to review the existing Production Sharing Contracts...

There were mixed signals in the market during the quarter from deal making prospective.Compared with the third quarter,M&A Deal volumes witnessed a fall,specially in cross-border segment....

The MoC, through a comprehensive assessment of the performance of the
current Special Economic Zone (“SEZ”) sector, has recognised the.....

December is always a month to reflect at the year that has gone by. As we do that in the context of transfer pricing environment in India, we are pleasantly surprised at the pace at which things...

The Union Ministry of Power, Government of India notified (Vide notification No. A-18/2003-IPC dated December 14, 2009) the modified Mega Power Policy.

Enhancing risk management - Implementing advanced approaches under Basel II...