Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
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ITAT Bengaluru rejects non-resident claim of Flipkart co-founder Binny Bansal, clarifies Section 6 residency rules and DTAA limits.
ITAT Bengaluru rules Flipkart co-founder Binny Bansal remained an Indian tax resident despite Singapore relocation. DTAA benefits denied under Section 6 residency rules.
Foreign consulting income earned by Indian residents is taxable in India even if not remitted. FEMA governs remittance, while Income Tax Act defines tax liability.
ITAT Mumbai rules ancillary software support services are not FTS under the India–Singapore DTAA, deleting a ₹482.7 crore tax addition and clarifying treaty protection.
NRE vs NRO accounts for NRI mutual fund investors explained. FEMA rules, RBI regulations, TDS, FATCA, DTAA and tax impact decoded clearly.