The Finance Act 2021 revamped the reassessment process effective 1 April 2021. In early FY 2021-22 the tax authorities had issued more than 90000 notices…

Tech Mahindra Limited (taxpayer) is an Indian multinational information technology services and consulting company1. Part of the Mahindra Group, the company is headquartered in India.

On 11 February 2022, the Central Government notified amendments to Companies (Accounts) Rules, 2014. The amended Rules apply to companies required to undertake Corporate Social…

The provisions to reopen the assessment contained in the Act have undergone a huge change. As per this newly introduced provision, before issuing a notice…

International Accounting Standards Board (IASB) has announced amendments to International Financial Reporting Standards (IFRS) which are applicable for reporting periods beginning on or after 1…

India has a multi layered dispute resolution mechanism. Over the years, tax appeals pending for disposal are ever...

Section 40(a)(ii) of the Income Tax Act, 1961 (‘Act’) provides for disallowance of any rate or tax levied on profits or gains of any business…

Tax withholding/collection has always been an area of contention between the taxpayers and the tax deductors/collectors.