Saturday International Tax Gyan!! (SITG – 234) #taxmadeeasy #taxinpic Saket Kanoi Vs DCIT [2024] 168 taxmann.com 418 (Delhi – Trib.)[23-10-2024] UAE resident earning capital gain income from mutual fund in India will only be taxable in UAE and not in India
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Third Party Export Payment” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
Saturday International Tax Gyan!! (SITG – 233) #taxmadeeasy #taxinpic Sanjay Ajit vs Income-tax Officer (International Taxation) [2024] 166 taxmann.com 629 (Chennai – Trib.) Salary earned for project done outside India will not be taxable in India for a non resident irrespective of whether the tax paid outside India was borne by assessee or not
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Diamond Dollar Account” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
Saturday International Tax Gyan!! (SITG – 232) #taxmadeeasy #taxinpic Distribution of television channels will not give rise to transfer of copyright in favour of Indian entities, payments made by Indian entities to assessee would not fall within ambit of consideration for use of, or right to use, any copyright of literary, artistic or scientific work …
Non-exclusive distribution rights will not be considered as Royalty Read More »
This time we have come up with an interesting FEMA Provisions relating to “Custom Baggage” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
Saturday International Tax Gyan!! (SITG – 231) #taxmadeeasy #taxinpic While testing tie breaker rule, the economic interest will be where assessee is involved in day to day working and also where his immediate nuclear family stays.
This time we have come up with an interesting FEMA Provisions relating to “Overseas Investment by Person Resident in India other than Indian Entity and Resident Individual” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
Saturday International Tax Gyan!! (SITG – 230) #taxmadeeasy #taxinpic In case of Indirect transfer of shares taxability in India is to be seen based on holding of the ultimate company selling shares in the share capital of Indian company. India Opportunity Fund I F.C.R vs DCIT-2(2)(1), Mumbai. I.T.A. No. 4536/Mum/2023 (Mumbai Tribunal)
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