Import of Gold and Other Precious Metals- Part 1
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Import of Gold and Other Precious Metals- Part 1” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
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May 2025
If the assessee’s vital interests lies in India, tie-breaker benefit won’t apply.
Saturday International Tax Gyan!! (SITG – 256) #taxmadeeasy #taxinpic Varghese Paul v. ACIT [2025] 170 taxmann.com 129 (Bangalore – Trib.) If vital interest of assessee is in India, then he won’t be eligible for tie-breaker benefit and his global income will be taxable in India although he will get credit of taxes paid outside India.