Saturday International Tax Gyan!! (SITG-173) #taxinpic #taxmadeeasy An assessee can be considered as a resident of a country for a part of a year and Non resident for other part of year based on a tie breaker rule Narinder Pal Singh Vs ACIT
GST ki गणित (GG-12) Place of Supply of Services (Section 12 of IGST Act, 2017)
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Would expenses incurred on a business conference be included in individual’s LRS”. #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
Saturday International Tax Gyan!! (SITG-172) #taxinpic #taxmadeeasy In case of CCPS, for India Mauritius Treaty date of issue/acquisition of CCPS shall be considered as date of acquisition of converted equity shares
GST ki गणित (GG -11) Place of Supply of Goods
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Creation of Overseas Step Down Subsidiaries by Resident Individual”. #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
Saturday International Tax Gyan!! (SITG-171) #taxinpic #taxmadeeasy Transfer of any right cannot be covered under the definition of Royalty. To be considered as royalty it should fall within the parameter of specific definition as per DTAA.
GST ki गणित (GG-10) Section 16(4) of CGST Act, 2017 – Constitutionally valid
Dear all, With this series of FEMA ke FUNDAE, we have simplified the concept of “Safe Notes”.
Saturday International Tax Gyan!! (SITG-170) #taxinpic #taxmadeeasy Providing drawing and design for a specific project does not itself involve transfer of know-how. Hence, not covered under FIS (fees for included service) as per DTAA and not liable for tax in India. Michael Graves Design Group Inc. Vs. DCIT (IT)
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