Foreign Taxes

Foreign firms' remote services not taxable in India without presence: HC

The ruling came while dismissing appeals filed by the Income Tax Department, which had challenged the Income Tax Appellate Tribunal's decision in favour of a Singapore-based legal services firm

Govt approves ₹81,735 crore additional tax devolution to states

Finance ministry says additional tax devolution to help states accelerate capital spending, fund welfare and development, and support priority schemes ahead of regular release

Germany backs ending EU tax break that helps Shein, Temu keep prices low

Under current EU regulations, packages purchased online from a non-EU country are not subject to customs duties if their value is under 150 euros

India pushes back plan to collect 20% tax on overseas spending beyond cap

In May, the government had said it would only impose 20% tax on overseas spending of above 700,000 rupees through international debit and credit cards in a financial year

Direct Taxes Code panel for status quo on LTCG tax, STT; wants DDT to go

Suggests rejig of 20% and 30% slabs of personal income tax