Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Mere presence of personnel of a foreign holding in premises of Indian subsidiary to render services cannot constitute, either fixed place or supervisory PE of foreign company. FCC Co. Ltd. vs. ACIT [ITA Nos. 8960 & 54/Del/2019 ]
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Export of service outside India does not itself mean that business is done outside India or getting work done from outside India for export does not mean source of income is outside India.
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic In this write-up we shall discuss briefly about taxability and FEMA regulations in relation to Indian resident’s investment in LLC and Inc. in USA
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic TDS will not be applicable on amount paid to non-resident shipping company or it’s agents subject to the receipt of declaration under section 172 of the Income Tax Act from such person.
Saturday International Tax Gyan!! #taxmadeeasy #taxinpic Any Income of a Non-Resident which is considered as undisclosed but for which source is outside India cannot be Taxable in India. [Income-tax Officer, Mumbai vs. Rajeev Suresh Ghai] [2021] 132 taxmann.com 234 (Mumbai – Trib.))
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