Introduction Tax avoidance is a concern for tax authorities worldwide. The Income Tax Act in India incorporates several provisions to combat tax avoidance, and Section 99 is one such provision.…
Tax planning is a legitimate way to minimize tax liabilities, but when planning crosses into the realm of "tax avoidance," it becomes impermissible under Indian tax laws. The General Anti-Avoidance…
In recent years, tax authorities worldwide have become increasingly vigilant in identifying and eliminating tax avoidance schemes. One such scheme that attracts scrutiny is round trip financing. This type of…
In recent years, tax authorities around the world have increasingly focused on preventing tax avoidance through sophisticated transactions and schemes. One of the most important provisions introduced under the Indian…
The Indian Income Tax Act has introduced stringent measures to curb tax avoidance schemes that seek to exploit the law for undue tax benefits. One such powerful tool in the…
Section 69 of the Income Tax Act is a powerful provision used by tax authorities in India to curb tax evasion. It deals with unexplained investments and allows the Assessing…
The Prohibition of Benami Property Transactions (PBPT) Act, 1988, is a landmark legislation in India, designed to eliminate the practice of holding properties under false names—a tactic often used to…