Tungsten Network Ltd Vs DCIT ITA Nos. 2237 & 2238/Del/2024 [18-12-2024] Payment for cloud-based and digital service providers will be covered under definition of “technical services” and are taxable on the basis of source rule and utilization of services.
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Reclassification of Foreign Portfolio Investment to Foreign Direct Investment ” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
Saturday International Tax Gyan!! (SITG – 237) #taxmadeeasy #taxinpic “Switzerland has revoked its unilateral statement and now both the countries share the same understanding about MFN clause“
Saturday International Tax Gyan!! (SITG – 236) #taxmadeeasy #taxinpic Avtec Ltd. vs ACIT [2024] 168 taxmann.com 692 (Delhi – Trib.) [29.11.2024] “Payments for warehousing services are logistical in nature and do not qualify as ‘Fees for Technical Services’ (FTS) under Section 9(1)(vii) of the Income Tax Act or DTAA, as they do not ‘make available’ …
Warehouse payment will not be considered as payment for FTS under section 9(1)(vii) Read More »
Dear all,This time we have come up with an interesting FEMA Provisions relating to “Form LLP II” FEMAkeFUNDAE FamiliarwithFEMA #rbi
Saturday International Tax Gyan!! (SITG – 235) #taxmadeeasy #taxinpic Amarchand Mangladas & Suresh A Shroff & Co. vs ACIT [2024] ITA No.852/M/2024 [30-09-2024] Filing tax return is not mandatory for FTC eligibility as taxes withheld abroad qualifies as taxes paid and allowed full FTC to prevent double taxation, in line with DTAA provisions and established …
FTC credit not dependent on filing of tax return in foreign jurisdiction Read More »
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Portfolio Investment Scheme for NRIs” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
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