26 Apr, 2025
Introduction Streamlining APA and Transfer Pricing has become crucial under the evolving Indian tax regime. Clause 169 of the Income Tax Bill, 2025 proposes significant changes to Section 92CD of the Income-tax Act, 1961. This aims to reduce disputes and simplify compliance for taxpayers entering Advance Pricing Agreements (APA). Key Points: What Changes Does Clause […]
Read More26 Apr, 2025
India’s Net Direct Tax Collections Surge 13.57%: What It Means for You Net direct tax collections for Financial Year 2024-25 (FY25) have jumped by 13.57% compared to the previous year, as per official data released by the Central Board of Direct Taxes (CBDT). This marks a strong trend towards economic recovery, greater compliance, and improved […]
Read More25 Apr, 2025
India’s Forex Reserves Rise to $686.15 Billion: Key Tax and Policy Implications India’s forex reserves jumped by $8.31 billion, reaching $686.15 billion as of April 18, 2025, according to the latest data from the RBI. This surge signals macroeconomic strength, but what does it mean for taxpayers, importers, and policy direction? What are Forex Reserves? […]
Read More25 Apr, 2025
TCS on Luxury Purchases: What Indian Buyers Must Know in FY 2025-26 The Income Tax Department has widened the tax net with Tax Collected at Source (TCS) now covering more high-value transactions. From luxury foreign tours to expensive jewellery and cars, Indian taxpayers need to factor in TCS while making big purchases. Let’s break down […]
Read More25 Apr, 2025
India-US Trade Deal Talks: What It Means for E-commerce, Crops, and Data Storage The India-US trade relationship is heating up again. In fresh discussions reported by Bloomberg News, the United States is seeking major concessions from India — especially in e-commerce regulations, agricultural exports, and data storage policies. For Indian businesses and professionals, these talks […]
Read More25 Apr, 2025
Understanding Safe Harbour Rules under Income Tax Bill 2025 Safe harbour rules allow eligible taxpayers to adopt standard margins in international transactions, avoiding prolonged transfer pricing audits. Clause 167 of the Income Tax Bill, 2025 now redefines how these rules operate, continuing the legacy of Section 92CB of the Income-tax Act, 1961 with added flexibility […]
Read More25 Apr, 2025
India Eyes Greater Steel Export Access Through FTA Talks India is pushing hard to secure better market access for its steel exports during ongoing Free Trade Agreement (FTA) negotiations. Commerce Minister Piyush Goyal recently emphasized the government’s efforts to protect domestic industries while expanding global reach — a critical balance for India’s trade future. Steel, […]
Read More25 Apr, 2025
India’s logistics sector, valued at over $160 billion, is finally getting the policy attention it deserves. As part of its strategy to enhance ease of doing business, the government is aggressively working to reduce regulatory bottlenecks that have long plagued this industry. This blog breaks down the recent policy developments, their legal backing, and what […]
Read More25 Apr, 2025
What is an International Transaction? The international transaction meaning is set to undergo a major overhaul under Clause 163 of the Income Tax Bill, 2025, replacing the current definition under Section 92B of the Income-tax Act, 1961. This shift is expected to bring greater clarity and wider scope, directly impacting transfer pricing compliance for Indian […]
Read More25 Apr, 2025
Introduction: In a recent Income Tax Appellate Tribunal (ITAT) ruling, the taxpayer secured relief against arbitrary disallowance, reinforcing a key principle: commercial logic outweighs procedural lapses. What Section 37(1) Really Says Section 37(1) of the Income-tax Act, 1961 allows any business expense not specifically disallowed under other provisions, provided: Case Highlight: Vendor Not Registered Under […]
Read More