Tax and Regulatory Newsletter, December 2024 Edition
Nangia Andersen India Pvt. Ltd.
A member firm of Andersen Global in India
We are pleased to present the Tax & Regulatory Newsletter - December 2024 Edition, highlighting major recent tax and regulatory developments.
Inside this issue...
Direct Tax
● Receipts arising from a co-marketing agreement involving surrender of a patent and trademark are considered as capital receipts.
● Benefit u/s 115 BAB available in subsequent Assessment Year when commencement of manufacturing activity takes place.
● Additions u/s 68 not sustainable once the onus to prove identity, creditworthiness of the creditors, and genuineness of transactions is discharged.
Indirect Tax
● Judgements
● GST Updates
Transfer Pricing
● SC: Copy of SC order dismissing Revenue's SLP finding no international transaction involving AMP expenses in case of Whirlpool India.
Regulatory
● Updates Under Reserve Bank of India (RBI)
● Updates Under International Financial Services Centers Authority (IFSCA)
● Updates Under Securities and Exchange Board of India (SEBI)
● Updates Under Competition Commission of India (CCI)
● Other Updates
Compliance Calendar
● Direct Tax
● Indirect Tax
● Regulatory
Access here: https://shorturl.at/jhLDA
Lead Consultant at Adroit Advisors {Hiring}
2 个月Great update ..