Direct Tax Amicus: May 2019

Director’s liability under the Income tax law – An insight By Bharathi Krishnaprasad Legislations in India impose various liabilitie

Direct Tax Amicus: April 2019

Prosecution under Section 276C of Income-tax Act, 1961 – An Overview By Ravi Sawana Section 276C of the Income Tax Act provides for prosecution where an assessee has wilfully attempted to e

Direct Tax Amicus: March 2019

Dichotomy between gross and net amount - Analysis of Vijay Industries Judgment By Mahendra Singh Section 80HH of Income Tax Act provides for deduction in respect of profits and ga

Direct Tax Amicus: February 2019

Taxes on online gaming – Resolving the TDS anagram By Neha Sharma As per Section 194B of the Income Tax Act, the payer is to deduct TDS at the time of payment on the amou

Direct Tax Amicus: January 2019

Liaison Office as PE under India-US DTAA By Tanmay Bhatnagar A liaison office under the Foreign Exchange Regulations is not supposed to undertake any comme

Direct Tax Amicus: December 2018

Conversion of company to LLP - Capital gains tax implications By Prerana Priyanshu Conversion into Limited Liability Partnership (LLP) is becoming a popular choice for many existing companies. One of the cru

Direct Tax Amicus: November 2018

Privity of contract and locus with a source of income – A test of diversion by overriding title By Prachi Goel & Saurav Sood Deduction of allocation of distributable surplus as expend

Direct Tax Amicus: October 2018

Amalgamation – Action in concert for tax benefit? By Subhashree R In a recent case before NCLT, the income tax department objected to the scheme of amalgamation proposed by the petiti

Direct Tax Amicus: August 2018

Section 92 of the Income-tax Act, 1961 provides that any income arising from an international transaction shall be computed, having regard to the arm’s length price.

Direct Tax Amicus: August 2018

Deemed Associated Enterprises - Interplay between Sections 92A(1) and 92A(2) By Sanmati Raonka Section 92 of the Income-tax Act, 1961 provides that any income arising from an international trans