Corporate Tax
Latest news, explainers and analysis on Corporate Tax. Tracking 7 stories on Arth Vani.
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Latest on Corporate Tax
BreakingITAT Chennai Allows Goodwill Depreciation & Deletes CCD Interest Transfer Pricing Adjustment for Stahl India
The Income Tax Appellate Tribunal (ITAT) Chennai has issued a significant ruling in favor of Stahl India, allowing the company to claim tax depreciation on goodwill acquired through a slump sale. Additionally, the tribunal set aside a transfer pricing adjustment related to interest paid on Compulsorily Convertible Debentures (CCDs). This decision offers crucial clarity on two complex areas of corporate tax law.
India's Net Direct Tax Collections Rise 13.21% to ₹13.38 Lakh Crore by Oct 14, 2026
India's net direct tax collections have seen a significant increase, rising by 13.21% to reach ₹13.38 Lakh Crore, according to figures reported until October 14, 2026. This growth reflects robust economic activity and increased revenue for the government.
BreakingMaruti Suzuki Wins ₹13,000 Crore Tax Dispute at ITAT
Maruti Suzuki India Ltd has received a significant financial boost after the Income Tax Appellate Tribunal (ITAT) ruled in its favour in a major tax dispute. This favourable decision is expected to have a positive impact of approximately ₹13,000 crore on the automotive giant.
BreakingSC: Electricity Subsidies for Operational Costs Are Taxable Revenue Receipts
The Supreme Court has ruled that electricity subsidies provided to businesses specifically to reduce their operational costs must be treated as taxable revenue receipts. This clarifies the tax treatment of such subsidies, distinguishing them from capital subsidies.
NU Vista Faces ₹24.98 Crore Tax Demand Notice for FY23
NU Vista has received a show cause notice from tax authorities demanding ₹24.98 crore for the financial year 2022-23. The demand is related to discrepancies in yield calculations and accounting for moisture loss.
Indian Businesses Face November 30 UAE 15% Minimum Tax Deadline
Indian multinational corporations operating in the UAE must register for a new 15% minimum corporate tax by November 30. This new levy, part of a global initiative, requires large groups with significant worldwide revenue to reassess their existing tax structures in the Emirates.
BreakingIndia's Direct Tax Collection Jumps 23% to ₹8.11 Lakh Crore by August 10
India's net direct tax collections surged by 23.09% year-on-year to ₹8.11 lakh crore as of August 10, driven by strong corporate tax and Securities Transaction Tax (STT) growth. This robust increase indicates healthy economic activity and improved tax compliance across the country.
Tax figures shown are indicative estimates for education only and depend on your specific situation. Consult a qualified tax professional or the Income-Tax Department before acting.