By Shatakshi Sharma, CNLU Patna Introduction In this era of Globalization, international boundaries are fast disappearing and distances between the various trade centers worldwide are rapidly shrinking. Gone are the days when the competition between sellers and buyers of commodities was confined to the domestic market; now we see that […]
Taxation of Companies
By Abhishek Kumar, CNLU INTRODUCTION Corporate Tax relates to the taxation of companies in India. For the purpose of taxation laws, a Company means: An Indian company, or a corporate body incorporated inside or outside India. Any institution, association or body whether incorporated or not, and whether domestic or non-resident, […]
The Need for GAAR
By Saachi Kanjani & Isha Maniar “Editor’s Note: There has been extensive debate about the implementation of General Anti-Avoidance Rules (GAAR) across different jurisdictions. The need for GAAR is felt because it is believed that such provisions will improve the integrity of the taxation system and legitimise the interests of taxpayers as […]
Impact of Finance Act, 2014 – CSR
Sanchit Srivastava, Dr. Ram Manohar Lohiya National Law University Editor’s note: Corporate social responsibility rests on the theory that since a company utilizes the resources offered by nature and society for its benefit it should act as a trustee towards ensuring the welfare of nature and society, and that the […]
Tax Treaty Overrides- A Global Perspective
By Priya Desai, SVKM’s Pravin Gandhi College of Law, Mumbai and Devanshi Sethi, Rizvi Law College, Mumbai “Editor’s Note: A tax treaty is an agreement entered into between two countries whereby they decide to avoid double taxation of goods and services, in order to facilitate smooth international trade. In what is regarded […]
Case Commentary – Coffee Board v. Commissioner of Commercial Tax
Udita Saraf, National Law University Orissa Editor’s note: This case deals with the extent and scope the expression ‘sale’. The question of law is whether mandatory sale to the board warrants taxes or is under the course of import and thus exempt from all taxes under A.286 of the Constitution. The […]