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CBDT Issues Key Guidance on the Principal Purpose Test Under India’s DTAAs
CBDT clarifies the application of the Principal Purpose Test (PPT) under India's tax treaties to prevent treaty abuse and ensure compliance.
Feb 33 min read
CBDT Extends Deadline and Provides Comprehensive Guidance on the DTVSV Scheme
CBDT releases updated FAQs for the DTVSV Scheme, addressing ambiguities and extending the deadline for determining payable amounts.
Jan 24 min read
CBDT 2024 Amendment: Safe Harbour Rules for Foreign Companies Selling Raw Diamonds in Special Notified Zones
CBDT amends 2024 Safe Harbour Rules, extending coverage for foreign companies selling raw diamonds in Special Notified Zones.
Dec 4, 20243 min read
Income Tax Appellate Tribunal Restricts the Retrospective Effect of CBDT Circular 5/2024
The ITAT ruled that the CBDT Circular is prospective, rejecting Revenue’s bid for retrospective application in cases predating its issuance
Oct 15, 20243 min read
The CBDT’s Explanatory Circular on the Finance Act, 2023
Introduction The Central Board of Direct Taxes ( ‘CBDT' ) has released an explanatory circular [ i ] that outlines key amendments to the...
Jan 26, 20244 min read