Yesterday, the Indian government issued new guidelines for reopening the lockdown in 3 phases. The lockdown will continue in containment zones until June 30. In the first phase, hotels, eateries, shopping malls and religious places can open from June 8. Social distancing measures will continue. States have the authority to impose stricter guidelines. For instance, Maharashtra has adopted a more stringent approach in red zones. Private offices in Mumbai and Pune can operate with 10% of staff from June 8.
Delhi Tribunal emphasizes importance of TRC for tax treaty benefits
Tiger Global Eight Holdings (TGH), a Mauritius company, sold a portion of its shares of an Indian company that were acquired prior to April 1, 2017 and claimed capital gains tax exemption under the double taxation avoidance agreement between India and Mauritius...