Indian Income Tax Tribunal Rules Against Using DTAA to Reduce Dividend Tax Liability for Domestic Companies
Indian companies can’t use DTAA to offset liability towards DDT, ruled by income tax appellate authority, for Total Oil India Pvt Ltd’s case.
India’s Finance Act, 2023, in effect from April 1, 2023, introduces significant tax changes for businesses operating in the country, necessitating careful consideration.
From FY 2023-24, investors in debt mutual funds in India will no longer have the advantage of long-term capital gains tax.
In India, the 10-character alphanumeric PAN, which stands for permanent account number, is imperative for locals as well as foreign nationals and investors doing business in the country.
Here are a few popular investment options in India for income tax saving under the old tax regime under Sections 80C, 80CCC, and 80CCD (1).
We discuss the old and new tax regimes and the proposed changes in the Union Budget 2023-24 to assist taxpayers in making an informed choice.
India’s Union Budget 2023-24, announced February 1, promotes infrastructure growth, green industry, and makes changes to the new tax regime. We report the major highlights.
As India prepares to enter last quarter of FY 2023, we list the due dates and key forms for tax compliances for January-March 2023 period.