Latest Blogs from SBS and Company LLP

    SBS Wiki E Journal May 2019

    In this edition, we bring to you certain important articles on various aspects.

    We have summarised the proposals of paper released by CBDT on Rule 10 of Income Tax Rules which deals with attribution of profit to PE. This is a welcome paper by CBDT which would lead to tax certainty. We request all of you to kindly read the summary and share your comments to CBDT at the earliest.

    The next article is on ‘Derivates under FEMA’. In this article, we bring to you the basic concepts of derivates and the FEMA regulations applicable to such derivatives. My team also wrote a piece on the global data protection regulations.

    The last article is on the recent judgment in the matter of interest payable under GST laws on the total tax liability instead of net tax liability. We have analysed certain aspects and this piece is in continuation to our earlier article, where we have argued that interest should be only on the net tax lability.

    I hope that you will have good time reading this edition and please do share your feedback. I will also urge clients to mail us topics or issues on which you want us to deliberate in our future editions, so that we can contribute to the same.

    Key Topics:

    INTERNATIONAL TAXATION

    • SUMMARY OF PROPOSALS FOR PROFIT ATTRIBUTION TO PE

    AUDIT

    • GENERAL DATA PROTECTION REGULATIONS

    GST

    • INTEREST - TIME TO RECONCEIVE LEGAL POSITION

    FEMA

    • DERIVATES UNDER FEMA
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