BSNL's Top 10 Cheapest Recharges: At a time when mobile recharges are getting more expensive, BSNL is offering plans starting from just ₹1. From calling and data to OTT, here are BSNL's 10 cheapest recharges that offer full value for less money
Manchester City have upped the ante in the Premier League title race by flexing their muscles in the January transfer window. Pep Guardiola signed Antoine Semenyo from Bournemouth last week and the Ghanaian has made an instant impact by scoring two goals and providing one assist in his first two
Gold and Silver Rates Today, January 16: In Mumbai, the price of 24-carat gold rises to Rs 1,43,400 per 10 grams, while 22k gold is available at Rs 1,31,450 per 10 grams. Gold and Silver Rates Today, January 16: Gold and silver prices eased on Friday, January 16, as investors booked profits
New Delhi: After its theatrical run, Mastiii 4, the fourth instalment of the popular Masti franchise, is all set for its digital premiere. The adult comedy will soon be available for streaming, allowing fans to enjoy the madness from the comfort of their homes.New Delhi: After its theatrical run
Union Minister Kiren Rijiju immersed himself in the vibrant AKA Miji cultural evening during the last day of the Sarok Festival Golden Jubilee in Bana, Arunachal Pradesh. Arunachal Pradesh: Union Minister Kiren Rijiju immersed himself in the traditional faith and cultural celebrations of the AKA
Jaya Ekadashi 2026 Date And Time: Ekadashi fasts are kept twice every month, once in the Krishna Paksha and once in the Shukla Paksha, and both are intended for the worship of Lord Vishnu, protector and preserver of the universe. On this day, devotees also worship Goddess Lakshmi, seeking peace
India's wool economy is a reminder that trade policy is rarely linear. In the late 1980s, India had one of the world's largest populations of sheep and a wool economy valued at an estimated Rs 4,500 crore at today's prices. Wool sustained an entire ecosystem of shepherds, spinners, sorters
The suggestion in court hearings and in recent media coverage that community dogs are a menace has come as a surprise to many of us working in international dog welfare and public health. After years of measurable public-health progress, human-canine interactions in India appear to be as
Dealmaking via Mauritius may be a road less taken
While the Supreme Court's ruling on Thursday upholding the Rs 14,500-crore ($1.7 billion) tax demand against Tiger Global has major financial implications for the US-based investment firm, a broader impact could be felt on a wide range of venture capital and private equity investors who for years have used Mauritius-registered entities to invest in Indian companies.
Investors, lawyers and chartered accountants said the impact for other funds may not be uniform but will depend on how their investment vehicles are structured and whether their transactions involve direct or indirect investments in Indian companies.
“Substance is now the decisive test and if the real decision-making or control lies outside of Mauritius, the benefits of the treaty can be denied,” said one investor. “The risk of being scrutinised is higher if the Mauritius vehicle exists only on paper, and decisions are taken in India, the US or Singapore”. “Apart from tax avoidance, firms also set up Mauritius or Cayman Island entities to pool global capital if they have limited partners from across jurisdictions like the US, Europe, Singapore and Middle East,” he added.
However, the funds that took advantage of the Double Tax Avoidance Agreement (DTAA) with Mauritius by setting up vehicles in the jurisdiction might come under scrutiny from the tax department, people said.
“For years, the gateway to Indian equities has been Mauritius, not Mumbai. Foreign Investors chose Mauritius as it allowed them to maintain dollar accounts and get the treaty benefits of a beneficial capital gains regime,” said Siddarth Pai, founding partner of 3one4 Capital.
“Funds based in Mauritius often faced extensive tax litigation on the substance of their operations in Mauritius and where the actual decisions were taken. This entailed that the partners and managers of the funds to be based in Mauritius, with investment and divestment decisions being taken there,” he said, adding that the biggest unknown for investors with Mauritius structures is whether previous exits will be freshly scrutinised.
A chief financial officer of a large venture capital firm, which used the Mauritius-structure, explained that when India's DTAA with the country was amended in 2017, “the intent was made clear by the government that tax on any deal must be paid in India.”
“We had several pre-2017 investments that we sold post-2017. However, we paid full tax in India,” he said on the condition of anonymity.
“VC firms investing through low tax jurisdictions will have to demonstrate “substance”, in other words a core financial or commercial purpose, for locating their offices in such low tax jurisdictions. Absent that, their transactions may be looked at in greater detail and subjected to tax in India,” said Pallav Narang, partner at chartered accountancy firm CNK & Associates.
Broader implications
Lawyers also flagged the Tiger Global verdict potentially setting a precedent for other situations where treaties have been utilised. Additionally the impact could be felt at foreign portfolio investors participating in the high-risk derivatives trading market, tax specialists felt.
“The ruling will be applied in other treaty situations as well, going beyond just cases of capital gains. The finding that the tax treaties are not intended to apply to indirect share transfers will also create ambiguity for investments from several other jurisdictions" said Abhishek Goenka, partner at Aeka Advisors, a firm specialising on tax issues and regulations.
Indirect transfers refer to dealings done in companies that are based outside India but derive a significant part of business from operations in India – as was the case with Flipkart. The Walmart-owned ecommerce company, while having its operations run from Bengaluru, had its parent entity situated in Singapore. During the 2018 transaction, Tiger Global's Mauritius vehicle sold shares in Flipkart's Singapore parent to a Walmart-affiliated entity that was also located outside India.
“The Supreme Court's reasoning follows a "threshold" logic: to claim any benefit under the India-Mauritius treaty, an entity must first prove it is a genuine “resident” with independent commercial substance. By characterising the Tiger Global Mauritius entities as "fronts" or "conduits" for their US-based parent, the court held they were effectively non-residents for treaty purposes,” said Ankit Jain, partner at New Delhi-based accounting firm Ved Jain & Associates.
Source: EconomicTimes
Related Posts: Expelled Congress MLA Rahul Mamkootathil taken into custody in sexual assault case 10 Road Safety Tips To Follow During National Road Safety Week 2026 Does Ozempic need to be taken forever once started England U-19 beats India U-19 by 20 runs via DLS method Reclaimed land along Mumbai coastal road must remain open to public Cold Weather Doesn’t Mean Less Water Suns set to open six-game road swing as Heat regroup A Dubai chocolate-inspired dessert has taken S Korea by storm Road crash leaves Class 9 student dead in UP's Ballia This Three-Wheeler Can Go From 0-60 MPH In Less Than 5 Seconds On Indian Roads
Passengers lost their temper on an IndiGo flight after being kept seated inside the aircraft for nearly three hours due to operational delays. Tensions escalated when some travellers allegedly felt their concerns were not being addressed, which led to chaos inside the cabin
Just now
The American oil industry is already excited about this possibility. There's a group called the American Petroleum Institute that represents all the big oil companies in America like Chevron and ExxonMobil. When protests were happening in Iran, the head of this group, Mike Sommers
Just now
Netflix has announced a star-studded slate of upcoming Telugu films that will stream on the platform after their theatrical releases this year. Hyderabad: Eagerly awaited entertainers such as Pawan Kalyan's 'Ustaad Bhagat Singh', Nani's 'Paradise' and Ram Charan's 'Peddi' are among the Telugu films
Just now
Michael Carrick has branded the noise generated around Manchester United by former players "irrelevant" and says Roy Keane's personal comments "did not bother" him. Carrick inherited Keane's number 16 shirt when he joined United from Tottenham in 2006
Just now
Ramalala Pratishtha Diwas 2026 will be observed on Thursday, 22 January 2026. This sacred day marks the third anniversary of Shri Ramalala Prana Pratishtha at the grand Ram Temple in Ayodhya. For millions of devotees across India and the world
Just now
Avantika Malik is the former child actor and entrepreneur who was once married to Happy Patel Khatarnak Jasoos star Imran Khan. Imran Khan recently made headlines after appearing in public for the first time in years at the premiere of Happy Patel
Just now
Shreyanka Patil's five-wicket haul powered Royal Challengers Bengaluru to a 32-run victory over Gujarat Giants. Patil credited a crucial century partnership between Radha Yadav and Richa Ghosh for instilling the confidence to push for a win. The bowlers' effective performance, despite dew
Just now
Rumours around celebrity weddings often travel faster than facts, and this time, it was Mrunal Thakur and Dhanush who found themselves at the centre of a social media storm. Early Friday morning, chatter online claimed that the two actors were set to get married on February 14, 2026
Just now
Royal Challengers Bengaluru has proposed installing 300-350 AI cameras at M Chinnaswamy Stadium, offering to fund the Rs 4.5 crore cost. This move aims to enhance crowd management and fan safety, preventing IPL matches from being moved. The initiative follows a deadly stampede last year
Just now
Chinese leader Xi Jinping and Canadian PM Mark Carney have announced lower tariffs, signalling a reset in their countries' relationship after a key meeting in Beijing. China is expected to lower levies on Canadian canola oil from 85% to 15% by 1 March
Just now
Credit card debt is an increasingly heavy burden for millions of Americans. Selena Cooper, 26, is among those dealing with the strain. A former paralegal at the Social Security Administration, she was left without a stable income when the US government shut down a few months ago
Just now
While the Supreme Court's ruling on Thursday upholding the Rs 14,500-crore ($1.7 billion) tax demand against Tiger Global has major financial implications for the US-based investment firm, a broader impact could be felt on a wide range of venture capital and private equity investors who for years
Just now
The Supreme Court rejected Justice Yashwant Varma's petition challenging the legality of the inquiry committee constituted by the Lok Sabha speaker to look into corruption charges against him. The bench held that Varma is not entitled to any relief and that “no interference is called
Just now
Three of her dusky, jazz-infused soul songs are in Spotify's Viral Top 50. The most popular, a dreamy ballad called Into The Blue, has been played more than five million times. If she continues on this trajectory, Rose could become one of the year's hottest new stars
Just now
Locals in West Bengal's Murshidabad blocked National Highway 12 and burnt tyres on Friday to protest against the alleged attacks on migrant workers from the district in other states. The highway was blocked at Maheshpur in the Beldanga 1 area
Just now
Anyone who flies often knows this feeling. You are in a cramped cabin, have a long journey ahead and someone nearby is playing videos on full volume, unapologetic and uninterrupted. No headphones. No pause. Just sound bouncing off metal walls, turning a flight into a test of patience
Just now
![Navi Mumbai (Maharashtra) [India], January 17 (ANI): Following her side's win over Gujarat Giants (GG), Royal Challengers Bengaluru (RCB) spinner Shreyanka](http://newsorbit360.com/files/news/en/imgs/shreyanka-speaks-on-maiden-t20-fifer.webp?height=520)
Navi Mumbai (Maharashtra) [India], January 17 (ANI): Following her side's win over Gujarat Giants (GG), Royal Challengers Bengaluru (RCB) spinner Shreyanka Patil reflected on getting her first-ever five-wicket haul in T20s and a more than year long time away from the game due to injury which
Just now
The Institute of Banking Personnel Selection (IBPS) has announced the tentative examination schedule for the Common Recruitment Process (CRP) for Public Sector Banks (PSBs) and Regional Rural Banks (RRBs) for the 2026-2027 period. The schedule includes various exams such as CRP PO/MT-XVI
Just now
Shrikant Pangarkar, an accused in the 2017 murder of activist-journalist Gauri Lankesh, won the Jalna Municipal Corporation election on Friday as an Independent candidate in Maharashtra, PTI reported. Pangarkar defeated Bharatiya Janata Party candidate Raosaheb Dhoble from electoral ward number 13
Just now
Stock exchanges BSE and NSE on Friday confirmed that equity markets will remain open for trading on February 1 (Sunday), the day the Union Budget 2026 is scheduled to be presented. Both exchanges said trading on that day will follow normal market hours, with no special or curtailed session planned
Just now
India's credit card market has more than doubled over the past five years, crossing 111 million cards by mid-2025, with spending rising at around 25-30 percent annually, a recent report by Zeta, a banking technology company, has said. Within this boom
Just now
Wipro Q3 Results: IT major Wipro on Friday reported a 7 per cent year-on-year (YoY) fall in its net profit to Rs 3,119 crore for the third quarter ended December 2025 (Q3FY26). However, its revenue during October-December 2025 rose 5.5% YoY to Rs 23,555.8 crore, compared with Rs 22,318
Just now
Lakshya Sen engaged in a gruelling three-game match but fell short in crucial moments, losing to Chinese Taipei's world No. 12 Lin Chun-Yi in the men's singles quarterfinals at the India Open Super 750 on Friday. The 24-year-old from Almora lost 21-17, 13-21
Just now
The Bharatiya Janata Party (BJP) struck a triumphant note on Tuesday after its strong showing in the Maharashtra civic polls, using the occasion to question the very relevance of the opposition's INDIA alliance. Addressing a press conference in Delhi
Just now
Never-before-seen footage of an uncontacted Amazonian tribe has been released by author and conservationist Paul Rosolie during an appearance on podcaster Lex Fridman's show. Author Paul Rosolie has spent two decades working in the Amazon and says the moment was one of the most profound experiences
Just now
Celebrity fitness trainer Vinod Channa recently revealed powerful sources of protein that most people ignore. Channa, who helped Anant Ambani lose weight in the past, opened up about Ayurveda-recommended Hemp seeds. In his recent interaction with Bhavishya Sindwani
Just now
Tarot Card Reading Horoscope Today For January 17: Step into the mystical realm as the tarot cards reveal what the universe has in store for you today. Whether you're seeking clarity in love, career, or personal growth, today's tarot insights offer powerful guidance tailored to your zodiac sign
Just now
