The Indian tax and regulatory space is changing at an unprecedented rate. We are witnessing policy announcements, legislative changes, judicial precedents and clarifications almost daily. This has made it challenging for corporate professionals to stay abreast of relevant developments. The aim of the TaxPod series is to keep you updated with key tax and regulatory developments of the past month, in around 5 minutes.
What’s new
· Supreme Court ruling on taxation of software payments;
· Mandatory e-invoicing for B2B transactions for taxpayers having turnover of more than INR 50 crores from 1 April 2021;
· Central Board of Direct Taxes prescribes the procedure for seeking relief from double taxation for expats stranded in India.
