Budget Highlights: 2024-2025
Through today’s interim budget, the Finance Minister parks important issues of Taxation for a later stage; however, she proposes reforms and introduces development initiatives that will be tested in the times to come. At SAMVAD Partners we have mapped out the initiatives of the Government through this budget and highlighted the important amendments that have been proposed in the realm of Direct and Indirect Taxes.
Analysis of the Apex Court's decisions on PMLA Act in 2023
The landscape of decisions under the Prevention of Money Laundering Act, 2002 (PMLA) is ever-evolving. In this article, Partner, Aditya Bhattacharya and Senior Associate, Kaustav Som analyse 5 major judgements of the Supreme Court on PMLA from 2023 to analyse the approach taken in deciding issues on the validity of arrests, and competing claims of jurisdiction.
Taxability of Corporate Guarantee & its Impact on Infra Sector
The GST Council, in its 52nd GST Council meeting, recommended taxing Corporate Guarantees which was accepted by the Government. The taxability of corporate guarantees within the framework of the Goods and Services Tax (GST) has been a matter of ongoing debate since the inception of the GST regime. With the revenue issuing Show Cause Notices to infra companies this issue will be hotly contested in the times to come.