Can “Diary Notings” and “Retracted Statements” Alone Sustain an Addition? 

In appellate tax practice, the truth is simple: a case is only as strong as the evidence that supports it.  In a recent landmark decision, the Income...

Can Profit Be Taxed Twice on the Same Bogus Purchase? 

When books of accounts are accepted, can the Assessing Officer still tax “profit” on alleged bogus purchases again?  In a recent decision, the ITAT Delhi...

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Tax Benefits and Exemptions for Startups and MSMEs

In India, both startup and MSMEs are eligible for certain tax benefits and exemptions to promote entrepreneurship and economic groups. Startups  (incorporated as a private...

DTAA – Double Tax Avoidance Agreement: Insights

In today's interconnected global economy, entrepreneurs are increasingly expanding their businesses across international borders. However, along with the opportunities come challenges, one of which...

E-commerce After GST: Adapting to New Tax Dynamics   

The Goods and Services Tax (GST) is a comprehensive indirect tax that was implemented in India on 1st July, 2017.  The government of India has...

The Pillars of Startup Success: Key Lessons to Learn 

The Pillars of Startup Success: Key Lessons to Learn 

Understanding the legalities of GST on Petroleum Products

In the complicated web of India's taxation system, the treatment of petroleum products under the Goods and Services Tax (GST) regime remains a complex...

The Patanjali Saga: Triumph to Troubles

INTRODUCTION  Patanjali, once hailed as a giant in the ayurvedic industry, surged into prominence with its wide range of FMCG products. Patanjali's entry into the...

Inheritance Tax: A solution to ensure equality or risk to hard earned savings?

Inheritance Tax, often dubbed as the "Death Tax," is a levy imposed on the transfer of assets from a deceased individual to their heirs...

How to Create a Successful Partnership Agreement for Your Startup

Starting a prosperous business is rarely a solo endeavour - most flourishing startups are built on strong partnerships. Whether you're joining forces with a...

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