The Income Tax Bill 2025, a document of 622 pages comprising 536 sections and 23 chapters, is anticipated to be introduced in ...

The success of the Centre's ambitious measures under Union Budget 2025 will depend on swift and effective implementation.

Ultimately, India should get a fair share of tax revenue (from overseas digital firms accessing Indian market), which we are ...

The bench of Justices MS Sonak and Jitendra Jain ruled that the order was not issued by the CBDT, the competent authority under Section 119(2)(b) of the Income Tax Act, 1961. The petitioner’s counsel, ...

Sounds unfair, right? The Delhi High Court agrees. In a landmark judgment, the Delhi High Court struck down para 9 of CBDT Circular No. 7/2007, which imposed a two-year limitation period for filing ...

Clara Bennett, Executive Director of the Boca Raton Airport Authority, expressed her enthusiasm for the ... and engaging experience for visitors of all ages. As the only structure of its kind in Palm ...

Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has issued Notification No. 12/2025 dated January 30, 2025, permitting the sharing of income tax data with the Department of Food ...

Interneurons have a multipolar structure that allows them to receive multiple signals and then send a unified command to another neuron. In this way, you can think of interneurons as traffic ...

The CBDT has clarified that the Principal Purpose Test (PPT) will apply prospectively, ensuring that past investments under tax treaties with Mauritius, Cyprus, and Singapore are not affected. This ...

The Central Board of Direct Taxes (CBDT) has clarified its stance on Principal Purpose Test (PPT) regarding Double Taxation Avoidance Agreement (DTAA), stating that it will be applicable prospectively ...

“For ensuring parity and uniformity in the application of the PPT provision under India’s DTAAs, it is clarified that the PPT provision is intended to be applied prospectively,” the CBDT ...

The income tax department has notified amendments in I-T rules to prescribe conditions for applicability of presumptive taxation regime for non-resident cruise ship operators. As a measure to promote ...