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The CBDT has clarified that the Principal Purpose Test (PPT) will apply prospectively, ensuring that past investments under tax treaties with Mauritius, Cyprus, and Singapore are not affected. This ...

The Central Board of Direct Taxes (CBDT) has clarified its stance on Principal Purpose Test (PPT) regarding Double Taxation Avoidance Agreement (DTAA), stating that it will be applicable prospectively ...

“For ensuring parity and uniformity in the application of the PPT provision under India’s DTAAs, it is clarified that the PPT provision is intended to be applied prospectively,” the CBDT ...

The Central Board of Direct Taxes (CBDT) in its guidance note on PPT also clarified that the grandfathering provisions under the India-Cyprus DTAA, India-Mauritius DTAA and India-Singapore DTAA ...

The Central Board of Direct Taxes (CBDT) has released a new guidance note clarifying the application of the Principal Purpose Test (PPT) for claiming tax treaty benefits, set to apply prospectively.

The Central Board of Direct Taxes (CBDT) has issued a clarification that brings relief to investors. Investments made under tax treaties with Mauritius, Cyprus, and Singapore will not be impacted by ...

As per the BEPS rules there is provision to decline the shelter of a DTAA cover if the principal purpose of a business arrangement is to save tax and is gauged by using a Principal Purpose Test. The ...

Ahead of Budget 2025, the government should focus on reduction in tax on gains on bank deposits, adjusting income tax exemption limits and raising fixed deductions to keep in pace with inflation, ...

Central Board of Direct Taxes (CBDT) issued Notification No. 8/2025-Income Tax on 20th January 2025 addressing a concern regarding the eligibility criteria for the Vivad se Vishwas Scheme. Initially, ...

Filing your Income Tax Return (ITR) is an important obligation for every taxpayer in India. However, if you miss this deadline, it’s crucial to understand the consequences, including potential ...