Income Tax

  • General Anti Avoidance Rule (GAAR) v. Base Erosion & Profit Shifting (BEPS) or both

    With India’s commitment to implement most of the recommendations of the final reports of Organization for Economic Cooperation and Development’ (OECD) BEPS Action Plans, and at the same time ensure simplification…

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  • Assessment Procedures

    Every taxation system requires assessment. In this regard, the Income Tax Laws of India are no different. Assessment simply means determination of Tax as per Taxation laws existing in that particular…

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  • Amendments in Capital Gains

    Capital gain or loss arises when the assets are transferred at higher or lower consideration respectively. It may be short term or long term based on the period of holding of the asset so transferred…

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  • Alternate Minimum Tax

    Clause 48 of the Bill seeks to substitute section 115JC of the Income-tax Act relating to special provisions for payment of tax by certain limited liability partnerships.

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