US: Department of Commerce to rule on solar import duties from India, Indonesia, Laos
The US Department of Commerce is expected to announce a preliminary ruling on 23 February 2026 on whether it will impose anti-subsidy duties on solar cells and panels from India, Laos, and Indonesia. This follows after a coalition of US solar
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France, India sign amending protocol to tax treaty
France and India signed an amending protocol on 17 February 2026 to update the income and capital tax treaty. Earlier, Under the proposed amending protocol, the withholding tax on dividends paid to French investors holding at least 10% of an
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India: Tax Authority appeals ITAT ruling on Ireland aircraft leasing treaties
The Indian tax authority has filed an appeal before the High Court against the Mumbai bench of the Income Tax Appellate Tribunal’s (ITAT) consolidated order of August 2025, which granted treaty benefits to several Irish aircraft leasing
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US removes 25% tariff on Indian imports under new executive order
The US has removed the 25% additional tariff on goods imported from India after President Donald Trump signed an executive order, “Modifying Duties to Address Threats to the US by the Government of the Russian Federation”. The order took effect
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India: CBDT consults draft income-tax rules, forms under Income-tax Act
India’s Central Board of Direct Taxes (CBDT), under the Ministry of Finance’s Department of Revenue, has launched a consultation seeking stakeholder inputs on the proposed Income-tax Rules and related Forms connected to the Income-tax Act,
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India: Tax Authority appeals high court ruling on treaty limits to dividend tax
The Indian Income Tax Department filed a special leave petition before the Supreme Court on 30 January 2026, challenging a Bombay High Court ruling that held Dividend Distribution Tax (DDT) could be limited by applicable tax treaties. The appeal
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US, India agree to trade deal, tariffs on Indian exports lowered to 18%
US President Donald Trump announced in a Truth Social post on 2 February 2026 that a major trade deal had been reached with India. Under the agreement, the US will sharply reduce tariffs on Indian goods. The overall duty on Indian imports, which
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India: 2026 budget proposes relaxed tax rules for multinationals, reforms safe harbour regime
India's Minister of Finance, Nirmala Sitharaman, delivered the Union Budget for 2026-27 on 1 February 2026. The proposals aim to relax tax rules for multinational companies, which are expected to bring greater certainty to cross-border transactions.
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India, EU seal major trade deal: Cuts tariffs on most goods
India and the European Union signed a long-awaited trade agreement on 27 January 2026 at the 16th EU-India summit in New Delhi that will significantly reduce tariffs on most goods, aiming to boost bilateral trade and reduce reliance on the US amid
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India, France to amend 1992 tax treaty
India and France will make revisions to the 1992 income and capital tax treaty, introducing key changes aimed at reducing the tax burden on cross-border investments and modernising treaty rules. Under the proposed amending protocol, the
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OECD: The Global Forum on Tax Transparency holds 18th Plenary in India
The OECD announced the opening of the 18th Plenary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, held in New Delhi, India, on 2 December 2025. International community meets in New Delhi to reflect on
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India: Government introduces excise bills to replace GST compensation cess on ‘sin goods’
India’s government introduced two tax bills in Parliament on 1 December 2025 aimed at overhauling levies on ‘sin goods’ such as tobacco, pan masala, and other similar products ahead of next year’s phase-out of the Goods and Services Tax
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India considers extending steel import duty
India is considering extending an import tariff on certain steel products to address cheaper imports, mainly from China, Reuters reported. The move follows concerns that low-priced inflows are impacting domestic producers. In its final findings
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India: MoF clarifies transfer pricing tolerance range for FY 2025-26
India’s Ministry of Finance (MoF) has issued a notification on 6 November 2025, setting tolerance limits for arm’s length pricing in international and specified domestic transactions for the assessment year 2025-26. Under the new rules, the
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US exempts Indian farm exports from tariffs
Indian agricultural exporters will benefit after US President Donald Trump exempted dozens of food items from tariffs. Products such as tea, coffee, spices, and cashew nuts, previously hit with duties of up to 50%, are included in the
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India, Bahrain to negotiate for tax treaty
India and Bahrain have agreed to initiate negotiations on an income tax treaty, the two countries announced during their fifth High Joint Commission (HJC) meeting in New Delhi on 3 November 2025. The proposed treaty would mark the first tax
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India: CBDT extends income tax returns, audit report deadlines for AY 2025-26
The Central Board of Direct Taxes (CBDT), operating under the Government of India's Ministry of Finance, Department of Revenue, has announced an extension of deadlines for filing Income Tax Returns (ITRs) and various reports of audit for the
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India to impose import duty on yellow peas from November
RF Report The Indian government will impose a 30% import duty on yellow peas from 1 November 2025 to support domestic pulse prices ahead of the rabi season. Shipments dated on or before 31 October are exempt from this levy. Pulse prices,
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