Corporate taxpayers are required to file their return of income on or before the due date prescribed under section 139(1) (30th September/30th November of the subsequent year). Further, after filing of the said return, if the taxpayer discovers any omission or any wrong statement therein, then a revised return can be filed only within the […]
Pursuant to India’s increased focus on boosting foreign investment and cross-border businesses along with countering harmful tax practices, following developments have taken place recently: Indian’s Union Cabinet approves the signing of the Protocol amending the India Brazil Tax Treaty for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on […]
On November 4, 2019 at the ASEAN summit held at Bangkok, India opted out of the negotiations for signing the Regional Comprehensive Economic Partnership (RCEP), a proposed free trade agreement in the Asia-Pacific region with 15 other potential participants previously projected to account for over 30% of the global GDP. Earlier in the year, India’s […]
Competition Commission of India increases the filing fee for merger notifications. The Competition Commission of India (CCI) vide notification dated 30 October 2019 has amended the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011 (Combination Regulations). By way of the amendment, the CCI has revised the […]
Competition Commission of India (‘CCI’) introduces “green channel” for Fast Track approvals of certain combinations – further amends Combination regulations. By way of a notification dated 13 August 2019 (“Notification”), the CCI has further amended the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011 (‘Combination Regulations’). […]
