GAAR

Good News for Taxpayers India’s Parliament Pushes for Leniency on TDS Refunds

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Good News for Taxpayers India’s Parliament Pushes for Leniency on TDS Refunds

A parliamentary panel has recommended over 500 changes to India’s draft Income Tax Bill, 2025, aiming to simplify and modernize the country’s tax system. A key suggestion offers a significant break for taxpayers: allowing them to claim TDS (Tax Deducted at Source) refunds even after missing the Income Tax Return (ITR) deadline, without facing penalties. … Read more

Can Jane Street be taxed in India? Authorities looking into the issue

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Can Jane Street be taxed in India? Authorities looking into the issue

Indian Tax Authorities Scrutinize Jane Street for Potential GAAR Invocation New Delhi, India – Global proprietary trading firm Jane Street is under the scanner of Indian tax authorities, who are investigating whether the firm’s significant profits can be taxed in India under the General Anti-Avoidance Rules (GAAR). This probe follows a recent order by the … Read more