Import through Online Payment Gateway Service Provider
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Import through Online Payment Gateway Service Provider” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
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Warranty reimbursements made to foreign dealers for foreign customers without any profit element were not taxable in India
Saturday International Tax Gyan!! (SITG – 253) #taxmadeeasy #taxinpic Tractors & Farm -Equipment Ltd. v. Deputy Commissioner of Income-tax [2025] 170 taxmann.com 128 (Chennai – Trib.) Warranty reimbursements made to foreign dealers for foreign customers without any profit element were not taxable in India
Foreign Direct Investment (FDI) in Defense sector
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Foreign Direct Investment (FDI) in Defense sector” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
Removal of 6% Equalization Levy on Online Advertisements by Finance Act, 2025
Saturday International Tax Gyan!! (SITG No. 252) #taxmadeeasy #taxinpic Removal of 6% Equalization Levy on Online Advertisements by Finance Act, 2025
Sectors prohibited for Foreign Direct Investment (FDI)
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Sectors prohibited for Foreign Direct Investment (FDI)” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
A person who stayed outside India partially for employment and partially for other purpose and is in India for less than 182 days will be a non-resident
Saturday International Tax Gyan!! (SITG – 251) #taxmadeeasy #taxinpic Mitesh Vijay Gulati v. Income Tax Officer [2025] 172 taxmann.com 382 (Mumbai – Trib.)[10-02-2025] A person who stayed outside India partially for employment and partially for other purpose and is in India for less than 182 days will be a non-resident
Print Media
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Print Media” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
Mere investment in India cannot be a base to deem that non-resident has any income in India.
Saturday International Tax Gyan!! (SITG – 250) #taxmadeeasy #taxinpic ANILESH AHUJA v. Union of India & Anr. – W.P.(C) 3409/2023 – Delhi High court Mere investment in India cannot be a base to deem that non-resident has any income in India.
Investment in aviation sector under FEMA
Dear all, This time we have come up with an interesting FEMA Provisions relating to “Investment in Aviation sector under FEMA” #FEMAkeFUNDAE #FamiliarwithFEMA #rbi
Testing services for diamond certification do not fall under the scope of Fees for Technical Services (FTS).
Saturday International Tax Gyan!! (SITG – 249) #taxmadeeasy #taxinpic Commissioner of Income-tax (IT&TP) v. Star Rays [2025] 171 taxmann.com 733 (SC) Testing services for diamond certification are not liable for tax deduction at source, as they do not fall under the scope of Fees for Technical Services (FTS).