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TII BREAKING NEWS
 
I-T - Reimbursement received on account of secondment is taxable as FTS/FIS u/s 9(1)(vii) of Income Tax Act and Article 12 of the India -USA
I-T - Order of assessment/ reassessment u/s 153(2) is required to be made within 12 months from end of financial year in which notice u/s
TP - Turnover is important factor in determining comparability as entities operating on substantially larger scale enjoy economies of scale, stronger market positions, different asset
TP - Final assessment order is invalid where passed without incorporating directions of DRP, in clear violation of mandatory procedure prescribed u/s 144C: ITAT
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TII SPECIAL Jun 24, 2026
 
How to woo FDI into India?
By Pratap Singh

IN an emerging and growing economy like India, we need to maintain a healthy investment rate to increase gross capital information. Obviously such investment can not be raised domestically as the resources and savings are limited. Therefore, to do it, we need to attract, long term FDI in plant,

 
TII EDIT Jun 15, 2026
 
The 2026 Income Tax Ordinance and non-residents
By D P Sengupta

THE Income Tax (Amendment) Ordinance 2026 received Presidential assent on the 5th of June, 2026. The Budget session was over on 18th April, 2026 and the Monsoon session is likely to commence in end July/early August. Crucial elections took place in March/April when important decisions are postponed. But, at some

 
BULLETIN BOARD
 
New Delhi, Mar 05, 2026
Income Tax Amendment Rules 2026 notified; definition for central bank digital currencies i...
New Delhi, Jan 06, 2026
CBDT notifies certain pension funds u/s 10(23FE...
New Delhi, Nov 10, 2025
CBDT notifies protocol amending DTAA between India and Belgium...
New Delhi, Nov 06, 2025
I-T - ALP u/s 92C - CBDT notifies connotation of ‘wholesale trading’ in international ...
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TII BRIEF
 
New Delhi, Jun 26, 2026
R&D tax incentives expand across OECD countries ...
Paris, Jun 01, 2026
Industrial dole-outs reach a new peak since global financial crisis: OECD ...
Paris, May 26, 2026
G20 goods trade rises sharply in Q1 ...
New Delhi, May 14, 2026
Real household income grows in Q4 in OECD area ...
Paris, Mar 17, 2026
G20 economic growth tapers down to 0.7% in Q4 ...
 
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