Key Takeaways A US subsidiary for an Indian startup is a business decision, not a growth milestone. Open one when a customer, an investor or a hire makes it necessary, not because it signals ambition.…
Note: All section references in this article are to the Income-tax Act 2025 (effective April 1, 2026), which has re-enacted the corresponding provisions of the Income-tax Act 1961 without substantive change to the transfer pricing…
? Unlocking Global Opportunities: UAE Free Trade Zone Entry With the UAE positioning itself as a global hub for trade, finance, and innovation, Free Trade Zones (FTZs) present lucrative opportunities for Indian entrepreneurs and corporates…
The new RBI circular allows an Indian Resident to open foreign currency accounts in GIFT City under its Liberalized Remittance Scheme (LRS). You can utilise the US Dollar remitted to your GIFT City account for…
Subscription to database is not royalty or professional fees and so not taxable: Delhi HC THE COMMISSIONER OF INCOME TAX - INTERNATIONAL TAXATION -3 Vs RELX INC Facts: 1. The case is pertaining to the…
ITAT upholds cap-gain exemption to Mauritius entity, for shares acquired prior to April 1, 2017 Comstar Mauritius Ltd (ITA No. 1529/Mum/2023) Facts: 1. Assessee filed an appeal for the assessment year 2018-19 against a revisionary…
No Income Tax in India for salary earned by a Korean Resident outside India: ITAT Delhi Amit Laroya Vs ACIT (ITA No.1457/Del/2022) Facts: 1. Amit Laroya, the appellant, challenged the decision of the Commissioner of…
Mere outsourcing of services to Indian subsidiary would not give rise to PE in India: ITAT Delhi M/s EXL Service. Com INC (ITA No. 4989/DEL/2014) Facts: 1. Exl India has entered into a service agreement…
