Lubna Kably is a senior editor, who focuses on various policies and legislation. In particular, she writes extensively on immigration and tax policies. The Indian diaspora is the largest in the world; through her articles she demystifies the immigration-policy related developments in select countries for outbound students, job aspirants and employees. She also analyses the impact of Income-tax and GST related developments for individuals and business entities.
Oct 18, 2021The Mumbai bench of the Income-Tax Appellate Tribunal (ITAT) in its recent order has held that Maharashtra Housing and Area Development Authority (Mhada) is entitled to income tax (I-T) exemption, as its activities are charitable in nature.
Oct 16, 2021A two-member bench of the Income-tax Appellate Tribunal (ITAT) in Mumbai has directed that a larger bench should decide whether the expenses on freebies to doctors incurred by pharma companies should be allowed as a business deduction.
Oct 9, 2021Following years of intense negotiations, an agreement was reached among 136 countries and jurisdictions (which includes all Oecd member countries and G-20 countries) that Multinational Enterprises will be subject to a minimum 15 per cent global tax rate from 2023. Four countries - Kenya, Nigeria, Pakistan and Sri Lanka - have not yet joined the agreement.
Oct 7, 2021 The 185-year-old Bombay Chamber of Commerce and Industry (BCCI), India’s oldest business chamber, has been successful in its claim that its activities are “charitable” in nature and it is thus entitled to income-tax (I-T) exemption.
Oct 4, 2021The “nexus” between pharma companies and doctors is often the subject of tax litigation. Evolutis India, a Mumbai-based private company, had filed an appeal with the Income-tax Appellate Tribunal (ITAT) as a sum of Rs 12.79 lakh, incurred by it in 2014-15, had been disallowed by the income-tax officer.
Oct 2, 2021"Now as employees (including those on H-1B visas) are being welcomed into work premises, once again sponsoring employers will need to ensure that they remain in compliance with the Labour Condition Application (LCA) requirements and they need to check whether an H-1B amendment is warranted," says Snehal Batra, managing attorney with NPZ Law Group.