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Member Articles


Indian Government Seeks to Make the Infamous Indirect Transfer Tax Prospective

The Indian Government, in a major move, has presented a bill in the Parliament today to settle the matters relating to capital gains tax on indirect transfers which are in litigation or in arbitrations. In the year 2012 ...

Payments for Software not Taxable as Royalty

It is to be noted that in this connection, the taxpayers have been taking a stand that the scope of the definition of royalty under section 9(1)(vi) is quite wide, whereas the scope of the definition of royalty under Art ...

Equalisation Levy in Indian Budget 2021

The Union Budget was presented by the Finance Minister in India on Feb 01, 2021 and a few changes to the Equalisation Levy were proposed in the budget. Ashok Maheshwary & Associates LLP has prepared a document int ...

Indian Union Budget 2021 Synopsis

The Indian Finance Minister, Nirmala Sitharaman presented the Union Budget 2021 on Feburary 1, 2021. Ashok Maheshwary & Associates LLP has prepared a synopsis of the Indian Union Budget 2021. Highlights of this yea ...

New Restrictions on FDI and Key Measures Announced Regarding Companies Act and Insolvency & Bankruptcy Code in India

Restriction on investments having beneficial owner as Chinese company/entity/national: Government of India has recently revisited the norms prescribed under the Foreign Exchange Management Act, 1999 and the Companies Ac ...

Highlights of the Indian Government's Stimulus Package

The government of India has announced a number of amendments and packages including massive new financial combined stimulus of USD 266 billion. Announced in the five tranches, the stimulus aims to build a self-reliant In ...

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