Judgement

The ITAT held that DDDT on dividends paid to Swiss shareholders cannot exceed the 10% rate prescribed under the India–Switzerland DTAA and directed the refund of the excess tax paid.

ITAT Restricts DDT to 10% Under India-Switzerland DTAA; Orders Excess Tax Refund

High Court rules foreign company income cannot be taxed in shareholders’ hands without statutory backing.

Foreign Company Income Not Taxable in Shareholders’ Hands, HC Clarifies.

Foreign Company Income Not Taxable in Shareholders’ Hands, HC Clarifies

Bombay High Court holds Dividend Distribution Tax is company’s tax liability; treaty benefits for shareholders not applicable.

Indian company cannot invoke DTAA to apply lower tax rates than Dividend Distribution Tax: High Court

News

LIC announced a 1:1 bonus share issue, doubling shareholders’ holdings. The company detailed share count, capital changes, and financial sources while maintaining overall investment value through proportional price adjustments.

 LIC Approves 1:1 Bonus Shares for Investors; Every Investor Should Know Details 

The ROC imposed a penalty on the company and its director for issuing a private placement offer before filing the shareholders’ resolution with the ROC, in violation of the procedural requirements.

ROC Chennai Penalises Company and Its Director for Breach of Securities Allotment Rules

The bank account details submitted by the company showed that it had started the business without fulfilling the required payment from shareholders and proper filing of Form INC-20A.

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ITAT Restricts DDT to 10% Under India-Switzerland DTAA; Orders Excess Tax Refund

Foreign Company Income Not Taxable in Shareholders’ Hands, HC Clarifies

Indian company cannot invoke DTAA to apply lower tax rates than Dividend Distribution Tax: High Court

LIC Approves 1:1 Bonus Shares for Investors; Every Investor Should Know Details

ROC Chennai Penalises Company and Its Director for Breach of Securities Allotment Rules

Company Penalised by ROC for starting business without filing Form INC-20A