Successor entitled to claim depreciation on actual cost of assets being consideration actually paid to predecessor after revaluation of assets

ITAT clarifies on scope of the term ‘shares’ in the context of India-Mauritius DTAA, holds that having TRC is sufficient for claiming treaty benefits

Interest on late payment of TDS –Definition of ‘Month’ for computing Interest

Bombay HC allows benefit of Article 13(4) of India Singapore DTAA on capital gains and rejects Revenue’s contention on application of Article 24 (Limitation of Relief)

Changes w.r.t. Liberalised Remittance Scheme (LRS) and Tax Collection at Source (TCS)